India - Estonia Business and Cultural Council

Estonia, a Baltic nation in Northern Europe, has a population of about 1.3 million. Its capital is Tallinn. Known for its advanced digital society, Estonia gained independence from the Soviet Union in 1991 and joined the EU in 2004

Ambassador and Consul General

Global India Business Forum presented honorary membership to Vinod Basliyal, Trade and Investment Advisor at the Embassy of Estonia. The GIBF team had a fruitful discussion with him and they mutually agreed to collaborate for exploring different business opportunities and trade between the two countries. Founder and Global President of GIBF, Dr Jitendra Joshi and Co-founder and Secretary General, Deepali Gadkari attended the meeting.

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Machinery and equipment, timber, textiles, metal and metal products, and processed foodstuffs.

Machinery and equipment, vehicles and transport equipment, and chemicals.

About Estonia

Estonia, a country in Northern Europe, is located on the eastern coast of the Baltic Sea. It shares borders with Latvia to the south and Russia to the east. The capital city is Tallinn. Estonia covers an area of about 45,227 square kilometers and has a population of around 1.3 million people.
The country’s history includes periods of Danish, Swedish, and Russian rule, with independence achieved in 1918. Estonia was occupied by the Soviet Union during World War II, then regained independence in 1991 after the collapse of the USSR. It joined the European Union and NATO in 2004.
Estonia is known for its advanced digital society and high-quality e-government services. The official language is Estonian, and the predominant religion is Christianity, mainly Lutheran. Its economy is diversified, with key sectors including information technology, manufacturing, and services. Estonia features picturesque landscapes, including forests, lakes, and a rugged coastline, and is celebrated for its medieval architecture and vibrant cultural life.

Business Opportunities in Estonia

The Estonian government has facilitated business creation for foreigners by issuing an ID card for digital signing, known as e-Residency. The country’s world-class human capital, strong digital foundation, and competitive business environment attract global businesses. Investment opportunities abound in sectors such as supply chain, digital business/logistics, industrial R&D (including academia, accelerators, and competence centers), e-health, marine industries, energy, mechanical engineering, chemicals, and e-commerce.

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Exports and Imports In Estonia

Overview In 2022 Estonia was the number 74 economy in the world in terms of total exports and the number 78 in total imports.

Top Exports of Estonia

The top exports of Estonia are Electricity ($1.15B), Broadcasting Equipment ($1.15B), Refined Petroleum ($1.11B), Coal Tar Oil ($806M), and Cars ($615M), exporting mostly to Finland ($3B), Latvia ($2.77B), Sweden ($1.9B), Lithuania ($1.51B), and Russia ($1.38B).

Top Imports of Estonia

The top imports of Estonia are Refined Petroleum ($1.97B), Cars ($1.63B), Electricity ($962M), Petroleum Gas ($757M), and Coal Tar Oil ($723M), importing mostly from Finland ($3.58B), Germany ($2.59B), Lithuania ($2.27B), Latvia ($2.26B), and Russia ($2.1B).

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