Economic Relations

Trade

The United Arab Emirates rank as the 37th trading partner for Estonia in 2018.

The primary export products are machinery and equipment and vegetable products. The primary import products are machinery and equipment and chemical products.

Trade between Estonia and United Arab Emirates 2011–2018 (in millions of EUR)

Year Export Import
2011 7 2
2012 15 2
2013 9 3
2014 16 4
2015 34 4
2016 35 5
2017 40 8
2018 60.2 9.4

Investments

Direct investments of the United Arab Emirates in Estonia amounted to 193 million euros as of 31 December 2018. Investments comprise mainly in finance and insurance sector. Estonian direct investments in United Arab Emirates have been marked with a negative value as of 31 December 2018.

Economic cooperation

Estonian companies engaged in the defence industry have participated in the IDEX arms and defence technology fairs organised in Abu Dhabi, the capital of the United Arab Emirates. In 2015, five Estonian companies and the Estonian Defence Industry Association were involved in the IDEX fair. In the 2017 fair which was held from 19 February to 23 February, eight Estonian companies engaged in the defence and security industries were represented on Estonia’s stand organised by Enterprise Estonia and the Estonian Cluster for innovation in the Estonian defence and security industries.

  • In February 2020, Estonian companies participated in the UMEX fair in Abu Dhabi as well as in the Gulfood fair in Dubai.
  • In May 2018 a delegation of the Chamber of Commerce of Dubai visited Estonia.

Väino Reinart, Undersecretary for Economic and Development Affairs of the Ministry of Foreign Affairs, visited the United Arab Emirates with a business delegation from 16 January to 18 January 2017, during which he met with Reem Ebrahim Al-Hashimy, the Minister of State for International Cooperation, and with Younis Haji Al-Khoori, Undersecretary of the Ministry of Finance of the United Arab Emirates. In the meetings, the further promotion of the economic relationships between Estonia and the United Arab Emirates as well potential e-Governance cooperation in third countries were discussed.

Tourism

Based on the data of Eesti Pank, Estonians visited the United Arab Emirates more than 11,000 times in 2019. Residents of the United Arab Emirates visited Estonia in 2019 about 1000 times.