Estonia is a valued trading partner of Switzerland. Swiss exports to Estonia have grown by 181% since 2011 and amounted to 135 million in 2023. This confirms once again that Estonia is an important market. Switzerland exported mainly precious stones/precious metals/jewellery, pharmaceuticals and machinery (79.3% of total exports to Estonia), while most Swiss imports from Estonia were electrical machinery, furniture as well as agricultural products (52.2% of total imports from Estonia).

Although the market is small, there are some niche opportunities for Swiss companies. As part of Switzerland’s contribution to EU enlargement, the second Swiss contribution was launched and the framework agreement was signed in November 2022. Switzerland will support projects in Estonia worth CHF 26 million.

Estonia is very innovative in terms of information technologies and a pioneer in Europe. For this reason, Switzerland is interested in exchanging experiences. Swiss delegations that want to learn more about Estonia’s innovative IT achievements are now quite regular visitors.

Source: S-GE