Estonia - Electronics and Electronic ComponentsEstonia - Electronics Industry
Overview
Manufacturing of electronic and electrical equipment has been one of the fastest growing industries in Estonia. The manufacture of electronic and electrical equipment is concentrated in Tallinn and its surroundings; however, the industry has a great impact on regional development as well.
The electronics industry’s dominant sub-sector is the manufacturing of electrical machinery and apparatuses, followed by telecommunication equipment and medical, precision and optical instruments. The sector is dominated by small local companies, yet there are also a number of subsidiaries of international corporations, including from the U.S., which are mostly oriented towards subcontracting for exports. Nearly 95% of electronics production is exported. Estonia's main export partners in electronics are Sweden, Finland and Denmark. The world economic crisis has brought to Estonia an increasing number of 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.
Leading Sub-Sectors
Manufacturing of electronic devices
Supplies, machinery for electronics manufacturing
Opportunities
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. Estonia’s purchasing nature is based on two main factors: price and technical support.
Web Resources
Trade Statistics
Estonian Electronics Industries Association
Investment opportunities