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What is the biggest export and import article in Estonia-US Bilateral trade?

The biggest export and import article in Estonia-U.S. bilateral trade is electrical components and equipment. Estonia has several near-shoring activities, mainly from Scandinavia, due to Estonia’s favorable geographical location, relatively cost-efficient labor compared to Scandinavian countries, and ease of doing business.

Why is electronic and electrical equipment a growing industry in Estonia?

Manufacturing of electronic and electrical equipment has been one of the fastest growing industries in Estonia. While many firms are concentrated in Tallinn and its surroundings, the industry has an impact on regional development as well.

Which countries export electronics to Estonia?

Nearly 84 percent of electronics production is exported. Estonia’s main export partners in electronics are Sweden, Finland, Germany, and the United States. The biggest export and import article in Estonia-U.S. bilateral trade is electrical components and equipment.

Why do Estonian clients need electronic components?

As a developed technology market, Estonian clients are always looking for innovative technologies and components to enhance product technical features. Developments in the Estonian telecom, defense, and energy markets have had a positive effect on the increased demand for electronic components.