An electronic component including: a body having a shape of a rectangular parallelepiped, the body including a first end surface and a second end surface opposed to each other and a mounting surface; and a first external electrode provided on the first end surface and the mounting surface. A first portion of the first end surface inclines from a direction normal to the mounting surface so as to come closer to the second end surface with decreasing distance from the mounting surface in the normal direction, the first portion being a portion within a predetermined distance from the mounting surface in the normal direction. A thickness of a portion of the first external electrode contacting the first portion becomes greater with decreasing distance from the mounting surface in the normal direction.