This study investigates the association between types of trust and inter-firm learning in buyer–supplier exchanges in an industrial cluster. More specifically, the study explores the impact of trust types on knowledge sharing among manufacturer and retailer SMEs in a furniture cluster. The results of empirical data from 158 manufacturers suggest no significant association between trust based on competence, reliability and predictability and inter-firm learning and a significant positive association between trust based on goodwill, benevolence and non-opportunism and inter-firm learning. The study findings integrate research on the relational and knowledge-related aspects of knowledge exchange at the dyadic inter-firm level.