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2022
Flag → Flag
Exports $7.16BRnk 62 / 211
2022
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Top Product $469MBroadcasting Equipment
2022
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Exports $4.94BRnk 5 / 207
2022
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Top Product $1.13BSulfate Chemical Woodpulp
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

China-Finland Trade: In 2022, China exported $7.16B to Finland. The main products that China exported to Finland were Broadcasting Equipment ($469M), Passenger and Cargo Ships ($452M), and Computers ($401M). Over the past 5 years the exports of China to Finland have increased at an annualized rate of 10.4%, from $4.37B in 2017 to $7.16B in 2022.

In 2022, China did not export any services to Finland.

Finland-China Trade: In 2022, Finland exported $4.94B to China. The main products that Finland exported to China were Sulfate Chemical Woodpulp ($1.13B), Nickel Mattes ($522M), and Nickel Ore ($287M). Over the past 5 years the exports of Finland to China have increased at an annualized rate of 5.99%,  from $3.69B in 2017 to $4.94B in 2022.

In 2020, Finland exported services to China worth $916M, with Computer and information services ($556M), Other business services ($234M), and Transportation ($102M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

October, 2024

About

Overview In October 2024, China exported $298M and imported $358M from Finland, resulting in a negative trade balance of $59.8M. Between October 2023 and October 2024 the exports of China have increased by $70.1M (30.8%) from $228M to $298M, while imports increased by $1.1M (0.31%) from $356M to $358M.

Trade In October 2024, the top exports of China to Finland were Refined Petroleum ($54.3M), Electric Batteries ($51.3M), Electrical Transformers ($15.6M), Other Engines ($13.6M), and Electric Motors ($12.5M). In October 2024 the top imports of China from Finland were Sulfate Chemical Woodpulp ($95.7M), Sulfates ($31.1M), Nitrogen Heterocyclic Compounds ($20.5M), Sawn Wood ($20.3M), and Raw Nickel ($16.1M).

Origins In October 2024 the exports of China were mainly from Zhejiang Province ($92.4M), Guangdong Province ($62.8M), Jiangsu Province ($35.6M), Shandong Province ($18.3M), and Henan Province ($12.6M), while imports destinations were mainly Jiangsu Province ($102M), Shanghai Province ($49.2M), Shandong Province ($45.1M), Beijing ($36.5M), and Zhejiang Province ($27.4M).

Growth In October 2024, the increase in China's year-by-year exports to Finland was explained primarily by an increase in product exports in Refined Petroleum ($54M or 15.8k%), Semiconductor Devices ($5.46M or 217%), and Electrical Transformers ($5.25M or 51%). In October 2024, the increase in China's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Sulfates ($21.4M or 221%), Raw Nickel ($14.9M or 1.18k%), and Sulfate Chemical Woodpulp ($12.7M or 15.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$70.1M(30.8%)
IMPORT GROWTH (October 2023 - October 2024)$1.1M(0.31%)
MAIN EXPORTER (October 2024)Zhejiang Province$92.4M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Finland and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $7.16B to Finland. The main products exported from China to Finland were Broadcasting Equipment ($469M), Passenger and Cargo Ships ($452M), and Computers ($401M). During the last 5 years the exports of China to Finland have increased at an annualized rate of 10.4%, from $4.37B in 2017 to $7.16B in 2022.

In 2017, Finland exported $4.94B to China. The main products exported from Finland to China were Sulfate Chemical Woodpulp ($1.13B), Nickel Mattes ($522M), and Nickel Ore ($287M). During the last 5 years the exports of Finland to China have increased at an annualized rate of 5.99%, from $3.69B in 2022 to $4.94B in 2017.

Exports from China (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Finland
Top DestinationGermany$9.99B

This map shows whether countries import more from China or Finland. Each country is colored based on the difference in imports they receive from China and Finland or the difference in the growth in imports.

In 2022, countries that imported more from China than Finland included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Finland than China included Estonia ($3.58B), Greenland ($3.98M), and Saint Martin ($2.51M).

Difference in imports from Finland (Flag) and China (Flag) (2022)

Comparative Advantage China - Finland

Flow
Scale

This chart compares trade between China and Finland by product, considering products traded by both, China and Finland.

During 2022, China had a large net trade with Finland in the exports of Machines ($3.51B), Transportation ($662M), and Textiles ($630M).

During 2017, Finland had a large net trade with China in the exports of Paper Goods ($1.25B), Machines ($1.2B), and Metals ($891M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Finland+$236MTelephones
Top Product Potential Finland China+$121MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Finland exported services to China worth $916M, with Computer and information services ($556M), Other business services ($234M), and Transportation ($102M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Finland. This means that a dot/product with the flag of China indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over China.

Product Space of China (Flag) and Finland (Flag) (2022)

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