Paris

Economic relations

Trade

The trade turnover between Estonia and France has steadily risen during past years and reached 791,1 million euros in 2022. Estonia exported goods worth 378.8 million euros to France in 2022, which was 1.8% of the total export of Estonia. France was 14th among export partners as well (+6,9% in comparison with 2021). The main export articles were wood and wooden products, machinery and equipment and chemical products.

In 2022, Estonia imported goods worth 412.3 million euros from France, which accounted for 1.7% of the total import of goods. France was ranked 13th among Estonia´s major import partners, as import grew 9,7% compared to 2021.

Estonia-France trade from 2019-2023 two months (euros):

All economic figures originate from the Statistics Estonia.

Investments

The volume of French direct investments in Estonia (as of 31.12.2022) is 866 million euros, which is 3.6% of all direct investments in Estonia. The largest investments have been made in the field of information and communication, worth 198 million euros (as of June it was 498 million euros), 254 million euros have been invested in real estate activities and 145 million euros have been invested in wholesale and retail trade.

The volume of Estonian direct investments in France is 84 million euros, which is 0.7% of all Estonian investments abroad. The largest investment of 50 million euros has been made in an unspecified sector and 20 million has been invested in real estate activities.

Tourism

French tourists made 53,513 visits to Estonia in 2022, of which 38,828 were for several days. A year earlier, the total number of visits was 33,948 (annual growth of 57.6%). Estonian tourists made a total of 81,742 visits to France in 2022, of which 76,139 were overnight stays. A year earlier, the number of visits to France was 28,215 (annual growth of 189.7%).