Trading Partner Portal: Estonia
Overview
Trade Overview
Estonia is a country in northern Europe with a population of 1.37 million, which makes it one of the least-populous member states of the European Union. Estonia is a developed country with an advanced high-income economy that has been among the fastest growing in the EU. GDP in 2024 came to a total of $42.76 billion. Estonia has been involved in an active trilateral Baltic States cooperation with Latvia and Lithuania, as well as a Nordic-Baltic cooperation with the Nordic countries and is a member of the Nordic-Baltic Eight.
U.S. – Estonia Trade
The U.S. exported $374 million to Estonia in 2024. $84 million of which was made up of computer and electronic products. This was followed by $67 million of non-electrical machinery, $54 million of transportation equipment, $34 million of agricultural products, and $20 million in miscellaneous manufactures.
The U.S. imported $1.07 billion worth of products from Estonia in 2024. $552 million of imports were computer and electronic products, followed by wood products ($93 million), non-electrical machinery ($91 million), electrical equipment, appliances and components ($78 million) and chemicals ($72 million). U.S. Department of Commerce
California – Estonia Trade
California exports to Estonia totaled $86 million in 2024, with it being the top U.S. state to export to Estonia. Computer and electronic products was the top export, making up $34 million of the total. This was followed by non-electrical machinery ($32 million), agricultural products ($13 million), miscellaneous manufactures ($2 million), and transportation equipment ($1 million).
California imported $28 million of products from Estonia in 2024. Top imports included wood products ($5 million), processed foods ($4 million), computer and electronic products ($4 million), transportation equipment ($4 million), and non-electrical machinery ($4 million). U.S. Department of Commerce
FDI – Estonia
U.S. foreign direct investment into Estonia totaled $99 million in 2023. (Bureau of Economic Analysis).
Trade Agreements / Initiatives
Trade Agreements / Initiatives
Three Seas Initiative (3SI)
The Three Seas Initiative (3SI), getting its name from the three seas that border the region, was launched in 2015 by Croatian President Kolinda Grabar-Kitarović and Polish President Andrzej Duda to promote interconnectivity on energy, infrastructure, and digitization projects in Central and Eastern Europe. There are 12 EU member states that are part of the initiative: Austria, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia. The main goal of the venture is to create a “north-south” energy and infrastructure corridor in the region. The region has a total population of 10 million and a combined GDP of about $1.7 trillion, and has emerged as a significant driver of European economic growth. (Atlantic Council)
The U.S. has committed up to $1 billion to the 3SI, adding momentum to the project and its investment fund, helping to attract international private capital to the region. The initiative has been endorsed diplomatically by the United States, Germany, and the European Union, among others.
Pompeo Pledges $1 Billion in US Support for European Energy Initiative
The Hill, February 15, 2020