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Cooperazione economica

 

Cooperazione economica

General outlook:

Estonia-Italy economic relations are characterized by a very strong legal base. In recent years business seminars and study trips have taken place with the goal of enlivening economic relations even more.

 

Trade:
In 2018 Italian exports to Estonia amounted to 465.4 million euros, up 1,8% year-over-year. With regard to our imports from the country, worth 138.6 million euros, the increase on annual basis was 2,7%. In 2018 the trade balance shows a surplus of € 326.4 million for Italy.

 

Estonia's main export to Italy in 2018:

• Paper pulp and paper products – 15,9%

• Machinery and equipment – 13,9%

• Wood and wood products – 11,3%

• electrical equipment – 11,1%

• computers and electronic and optical products –9,7%

 

Estonia's main import from Italy in 2018:

• Machinery and equipment – 19,5%

• electrical equipment – 8%

• Chemical products – 7,5%

• Motor vehicles, trailers and semi-trailers – 6,3%

• Clothing items / Metal and metal products – 5,8%

 

Investments:
According to the Bank Estonia, as of 31.12.2018, 0,3% of Estonia’s foreign direct investment came from Italy in the total amount of 72 million euros. Estonia's foreign direct investments in Italy amounted to 78,6 million euros as of the same date, which represented 1,1% of all total investments in foreign Countries.

 

Tourism:
In 2017, according to the Estonian Tourism Board, 34.657 Italian tourists were accommodated in Estonia. Estonia is becoming more and more popular among Italian tourists also thanks to the many cruise ships stopping at Tallinn’s harbor during their tour of the Baltic Sea in summertime. In addition to Tallinn, tourists from Italy were also particularly interested in the counties of Tartumaa and Pärnumaa.


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