International Trade in Estonia

International Trade in Estonia

Estonia became a member of the European Union on May 1st, 2004 and it is an attractive investment destination on the Baltic Sea (one of the fastest growing European markets in recent years), with a sound economy. A balanced budget (guaranteed by the Constitution), a free-trade regime, a... Read more

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Market Analyses About Estonia (38)

Import and Export Services in Estonia (1,851)

  • BIZConsult Ltd.

    BIZConsult Ltd.

    Market Research, Estonia

    We offer a complete service aimed at companies that want to do business in Eastern and Northern European markets. Our services: -...
  • MRP-EURASIA

    MRP-EURASIA

    Market Research, Estonia

    Who we are MRP-EURASIA - the Public Surveys and Market Research company for 33 countries in Central, Eastern Europe and Central...

Business Tips About Estonia (4)

Agents and Distributors in Estonia (911)

  • A.R.C TRADING LTD

    A.R.C TRADING LTD

    Sales Agents, Estonia

    A.R.C Trading Ltd is an Estonian based sales agency.  We represent your company in Estonia by finding new customers, partners etc....
  • Acumen International

    Acumen International

    HR Outsourcing, Estonia

    Acumen International is a Global Employer of Record and a pioneer of Express Global Employment solutions. Having spotted our...

Overview About International Trade in Estonia

Main Industry Sectors

Agriculture accounts for only 3% of the GDP and employs 3.7% of the active population.

 

The industrial sector, which represents 24.4% of the GDP, employs 35.5% of Estonian workers. The main industrial sectors of Estonia are the food industry (dairy products and meat processing), which accounts for 16% of the manufacturing industry, electronics (a traditional sector), chemical industry (which accounts for 6% of the manufacturing industry) and wood processing industry (this sector accounts for 24% of the manufacturing industry). The Estonian industrial sector was heavily affected by the economic crisis in 2008-2009 (-26.5%) and domestic and foreign demand were considerably reduced.

The services sector is the most developed, in particular Transport and logistics, biotechnology and financial services. The sector accounts for 72.6% of the GDP employing 60.3% of the Estonian population. The telecommunications sector is the most performing one, Estonia has even acquired the nickname of E-stonia for its advanced progress in equipment and Internet research and development.

 

Economic Overview

Estonia became a member of the European Union on May 1st, 2004 and it is an attract...

News Related to International Trade in Estonia

  • Estonia joins the Multilateral Instrument and the United Kingdom deposits ratification instrument - Aug 02, 2019

    Estonia becomes the 82nd jurisdiction to join the MLI. Estonia’s signature follows the signatures by Kazakhstan, Peru and the United Arab Emirates earlier this week. JAlso today, the United Kingdom deposited its instrument of ratification for the Multilateral Instrument with the OECD.

    Source: OCDE

  • Estonia underlines the obligation to identify the VAT seller - Mar 27, 2019

    The Estonian Supreme Court has confirmed the opinion of the tax office and lower courts that VAT incurred by a purchaser may not be recovered where the seller is not identified.

    Source: VAT Live

  • Estonia grapples with VAT fraud - Mar 27, 2019

    Estonia has introduced a number of measures to help eliminate VAT fraud ?? an ?222m problem for the newest member of the Euro currency.  This is causing an increasing compliance burden on local and for

    Source: VAT Live