Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements.
Last Published: 8/16/2017
  • Estonia has been a member of the European Union since 2004 and adopted the euro as its official currency on January 1, 2011.

  • Estonia formally joined the OECD in December 2010.

  • Estonia has well-developed ports and transit infrastructure that would serve European trade with Eastern partners, including Russia.

  • Companies registered in Estonia do not have to pay income tax for re-invested profits.

  • It takes only 18 minutes to establish a company on the Internet in Estonia.

  • 99 percent of banking transactions in Estonia are conducted electronically.

  • Foreign and domestic investments in Estonia are treated equally under the law.

  • GDP growth in 2016 was at 1 percent and the prognosis for 2017 is estimated at 2.6 percent.  The tightening labor market has put upward pressure on salaries.

  • According to the U.S. Census Bureau’s Foreign Trade Division, in 2016, the principal exports from the United States were computer and electronic products, machinery and transportation equipment.  U.S. exports to Estonia were 257 million USD and Estonian exports to US 1 billion USD.

  • Estonian membership in the EU has not had major bilateral trade implications for the United States. Estonia’s main trading partners are Finland, Sweden, Germany and Russia, while the U.S. share in trade is approximately 1 percent.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.

Estonia Trade Development and Promotion