Finland
ECON COMPLEXITY (2018)
1.56
RANK 10 OF 137
PRODUCT EXPORTS (2018)
$76.8B
RANK 42 OF 222
EXPORTS PER CAPITA (2018)
$13.9K
RANK 123 OF 219
PRODUCT IMPORTS (2018)
$75B
RANK 44 OF 221
IMPORTS PER CAPITA (2018)
$13.6K
RANK 144 of 219
SERVICE EXPORTS (2017)
$26.6B
RANK 34 OF 139
SERVICE IMPORTS (2017)
$27B
RANK 33 OF 139
GDP (2018)
$277B
CURRENT US$
RANK 41 OF 196
GDP GROWTH (2008-2018)
-2.74%
CURRENT US$
RANK 172 OF 196
GDP PC (2018)
$50,152
CURRENT US$
RANK 16 OF 196
GDP PC GROWTH (2008-2018)
-6.35%
CURRENT US$
RANK 163 OF 196
Overview: In 2018 Finland was the number 41 economy in the world in terms of GDP (current US$), the number 42 in total exports, the number 44 in total imports, and the number 10 most complex economy according to the Economic Complexity Index (ECI). In 2018, Finland exported $76.8B and imported $75B, resulting in a positive trade balance of $1.74B. In 2018, Finland’s exports per capita were $13.9k and its imports per capita were $13.6k.
Trade: The top exports of Finland are Refined Petroleum ($6.07B), Kaolin Coated Paper ($5.13B), Cars ($3.97B), Sulfate Chemical Wood pulp ($2.87B), and Large Flat-Rolled Stainless Steel ($2.81B). The top imports of Finland are Crude Petroleum ($6.33B), Cars ($3.42B), Refined Petroleum ($2.92B), Vehicle Parts ($1.77B), and Broadcasting Equipment ($1.65B).
Destinations: Finland exports mostly to Germany ($11.1B), Sweden($7.46B), United States ($5.93B), Netherlands ($5.03B), and China($4.21B), and imports mostly from Germany ($12.4B), Russia ($10.3B), Sweden ($9.41B), Netherlands ($4.75B), and China ($4.44B).
Location: Finland borders Norway, Russia, and Sweden by land and Estonia by sea.
Exports
In 2018 Finland exported a total of $76.8B, making it the number 42 exporter in the world. During the last five reported years the exports of Finland have changed by -$1.54B from $78.3B in 2013 to $76.8B in 2018.
The most recent exports are led by Refined Petroleum ($6.07B), Kaolin Coated Paper ($5.13B), Cars ($3.97B), Sulfate Chemical Woodpulp ($2.87B), and Large Flat-Rolled Stainless Steel ($2.81B).
Imports
In 2018 Finland imported $75B, making it the number 44 trade destination in the world. During the last five reported years the imports of Finland changed by -$648M from $75.7B in 2013 to $75B in 2018.
The most recent imports of Finland are led by Crude Petroleum ($6.33B), Cars ($3.42B), Refined Petroleum ($2.92B), Vehicle Parts ($1.77B), and Broadcasting Equipment ($1.65B).
Trade Balance
As of 2018 Finland had a positive trade balance of $5.26B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $11.6B in net exports.
Destinations
The most common destination for the exports of Finland are Germany ($11.1B), Sweden ($7.46B), United States ($5.93B), Netherlands ($5.03B), and China ($4.21B).
Origins
The most common import partners for Finland are Germany ($12.4B), Russia ($10.3B), Sweden ($9.41B), Netherlands ($4.75B), and China ($4.44B).