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Estonia’s exports of services were boosted by trade with Finland
According to Statistics Estonia and Eesti Pank, in the first quarter of 2022, Estonia’s exports of services grew by 22% while imports of services fell by 10% year on year. In the first quarter of this year, Estonia’s exports of services totalled 2 billion euros and imports of services 1.5 billion euros.
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Pesticide sales are breaking records
In 2021, 894 tonnes of pesticides by active substance were placed on the market in Estonia. This is the largest annual sales of pesticides in Estonia over the years. The majority of these pesticides were herbicides.
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Increased imports led to a higher trade deficit in April
According to Statistics Estonia, in April 2022, Estonia’s exports of goods increased by 4% and imports by 31% compared to April 2021. Faster growth in imports contributed significantly to the increase of trade deficit, which reached 542 million euros in April.
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Return of foreign tourists increased the number of persons who stayed overnight in accommodation establishments
According to Statistics Estonia, in April 2022, Estonian accommodation establishments served nearly 236,000 tourists, which is 300% more than in April last year. The numbers of domestic tourists and foreign tourists* both increased.
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Number of e-commerce users increased again, enterprises start to use artificial intelligence
According to Statistics Estonia, in 2021, the biggest increase compared to the previous year occurred in people’s use of the internet for participating in online courses. The popularity of e-commerce also grew, with 62% of the population aged 16–74 having made online purchases. Among enterprises, the use of enterprise resource planning and customer relationship management software continues to increase. Enterprises are also trying out AI technologies.
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Research and development in Estonia is driven by the business sector
According to Statistics Estonia, in 2019, the expenditures on research and development (R&D) in Estonia amounted to 453 million euros, which is 24% more than in 2018. The share of R&D expenditures in the gross domestic product was 1.61%, making it the highest share in the last five years.
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People prefer e-commerce while enterprises prefer cloud services
According to Statistics Estonia, 56.5% of the population aged 16–74 used e-commerce in the last three months. Compared to last year, the overall popularity of e-commerce has remained the same, but the amounts spent on purchasing goods and services have increased. The results of the enterprise survey showed that more than half of the companies using the internet use paid cloud services.
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Expenditure on research and development increased last year
According to Statistics Estonia, in 2018, the expenditure on research and development (R&D) in Estonia amounted to 365.6 million euros, which is a fifth more than in 2017.
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The majority of enterprises use information and communication technology (ICT) security measures
According to Statistics Estonia, in 2019, 90% of households had internet connection at home and it is used daily or almost daily by 98% of 16–44-year-olds. Enterprises contribute increasingly to improving their ICT security measures and policies.
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Expenditure on research and development increased last year
According to Statistics Estonia, in 2017, the expenditure on research and development (R&D) in Estonia amounted to 304.3 million euros, which is 13% more than in 2016.
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The use of sharing economy services is growing
According to Statistics Estonia, in 2018, the share of internet users among 16–74-year-olds reached 89%, which is 1 percentage point more than a year ago. The share of internet users who ordered accommodation and transport services from private persons increased by 4 and 3 percentage points, respectively.
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Estonia’s research and development intensity is average among the European Union member states
Estonia’s research and development intensity indicator was 1.28 in 2016, placing Estonia 13th in the ranking of the European Union countries. Estonia is significantly ahead of Lithuania and Latvia, but still lags far behind Finland.
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Almost a half of Estonian enterprises are innovative
According to Statistics Estonia, 47.7% of Estonian enterprises were innovative in 2016. Industrial enterprises are the most active innovators.