An electronic component includes a main body portion that has a first main surface having first and second sides, a second main surface opposite to the first main surface, a first side surface sharing the first side with the first main surface, and a second side surface sharing the second side with the first main surface, connection terminals that have electrical conductivity and that are arranged on the first main surface so as to be isolated from each other, and side-surface terminals that have electrical conductivity. The main body portion has side-surface grooves that are formed in the first and second side surfaces and that extend from the first main surface toward the second main surface. The side-surface terminals are provided on inner sides of the side-surface grooves and are each electrically connected to at least one of two end portions of the corresponding connection terminal.