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2023
Flag → Flag
Exports $7.51BRnk 61 / 208
2023
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Top Product $858MBroadcasting Equipment
2023
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Exports $4.58BRnk 5 / 206
2023
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Top Product $1.38BSulfate Chemical Woodpulp
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

China-Finland Trade: In 2023, China exported $7.51B to Finland. The main products that China exported to Finland were Broadcasting Equipment ($858M), Electric Batteries ($680M), and Computers ($486M). Over the past 5 years the exports of China to Finland have increased at an annualized rate of 6.65%, from $5.44B in 2018 to $7.51B in 2023.

In 2023, China did not export any services to Finland.

Finland-China Trade: In 2023, Finland exported $4.58B to China. The main products that Finland exported to China were Sulfate Chemical Woodpulp ($1.38B), Nickel Mattes ($218M), and Papermaking Machines ($187M). Over the past 5 years the exports of Finland to China have increased at an annualized rate of 0.97%,  from $4.36B in 2018 to $4.58B in 2023.

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 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $298M and imported $403M from Finland, resulting in a negative trade balance of $105M. Between December 2023 and December 2024 the exports of China have increased by $51.9M (21.1%) from $246M to $298M, while imports increased by $29.8M (7.99%) from $373M to $403M.

Trade In December 2024, the top exports of China to Finland were Electric Batteries ($93.5M), Telephones ($12.4M), Electrical Transformers ($9.35M), Commodities not elsewhere specified ($8.47M), and Computers ($7.14M). In December 2024 the top imports of China from Finland were Sulfate Chemical Woodpulp ($102M), Packaged Medicaments ($23.3M), Sawn Wood ($15M), Nickel Mattes ($8.92M), and Electric Batteries ($8.5M).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($80.1M), Jiangsu Province ($62.7M), Guangdong Province ($61M), Shandong Province ($21.6M), and Shanghai Province ($16.9M), while imports destinations were mainly Beijing ($70M), Zhejiang Province ($50.4M), Shanghai Province ($49.3M), Jiangsu Province ($45.1M), and Shandong Province ($40.4M).

Growth In December 2024, the increase in China's year-by-year exports to Finland was explained primarily by an increase in product exports in Electric Batteries ($42.2M or 82.2%), Papermaking Machines ($5.18M or 436%), and Oscilloscopes ($4.45M or 1.04k%). In December 2024, the increase in China's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Packaged Medicaments ($21.1M or 994%), Sulfate Chemical Woodpulp ($5.91M or 6.17%), and Liquid Fuel Furnaces ($2.78M or 2.19k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$51.9M(21.1%)
IMPORT GROWTH (December 2023 - December 2024)$29.8M(7.99%)
MAIN EXPORTER (December 2024)Zhejiang Province$80.1M

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 2023, China exported $7.51B to Finland. The main products exported from China to Finland were Broadcasting Equipment ($858M), Electric Batteries ($680M), and Computers ($486M). During the last 5 years the exports of China to Finland have increased at an annualized rate of 6.65%, from $5.44B in 2018 to $7.51B in 2023.

In 2018, Finland exported $4.58B to China. The main products exported from Finland to China were Sulfate Chemical Woodpulp ($1.38B), Nickel Mattes ($218M), and Papermaking Machines ($187M). During the last 5 years the exports of Finland to China have increased at an annualized rate of 0.97%, from $4.36B in 2023 to $4.58B in 2018.

Exports from China (Flag) to Finland (Flag) (2023)

Exports from Finland (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Finland
Top DestinationUnited States$9.68B

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 2023, countries that imported more from China than Finland included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Finland than China included Estonia ($2.4B), Latvia ($1.1B), and Greenland ($6.35M).

Difference in imports from Finland (Flag) and China (Flag) (2023)

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 2023, China had a large net trade with Finland in the exports of Machines ($4.17B), Transportation ($727M), and Textiles ($534M).

During 2018, Finland had a large net trade with China in the exports of Paper Goods ($1.44B), Machines ($1.24B), and Chemical Products ($616M).

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) (2023)

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