Flag Germany / Finland Flag

Exports FlagFlag  (2018): $12.4B, Rnk 25 / 216

Top Product FlagFlag (2018): $943M, Cars

Exports FlagFlag (2018): $11.1B, Rnk 1 / 197

Top Product FlagFlag (2018): $2.79B, Cars

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

Economic Complexity of Flag (2018): ECI 1.56, Rnk 10 / 137

GDP Flag (2018): $3.95T, CURRENT US$
Rnk 4 / 196

GDP GROWTH Flag (2008-2018): 5.83%, CURRENT US$
Rnk 153 / 196

GDP Flag (2018): $277B, CURRENT US$
Rnk 41 / 196

GDP GROWTH Flag (2008-2018): -2.74%, CURRENT US$
Rnk 172 / 196

GDP PC Flag (2018): $47,603, CURRENT US$
Rnk 18 / 196

GDP PC GROWTH Flag (2008-2018): 4.79%, CURRENT US$
Rnk 131 / 196

GDP PC Flag (2018): $50,152, CURRENT US$
Rnk 16 / 196

GDP PC GROWTH Flag (2008-2018): -6.35%, CURRENT US$
Rnk 163 / 196

Germany-Finland: In 2018, Germany exported $12.4B to Finland. The main products exported from Germany to Finland were Cars ($943M), Vehicle Parts ($865M), and Packaged Medicaments ($325M). During the last 23 years the exports of Germany to Finland have increased at an annualized rate of 4.38%, from $4.61B in 1995 to $12.4B in 2018. In 2016, Germany exported services to Finland worth $1.23B, with Transportation ($420M), Other business services ($391M), and Computer and information services ($297M) being the largest in terms of value.

Finland-Germany: In 2018, Finland exported $11.1B to Germany. The main products exported from Finland to Germany were Cars ($2.79B), Kaolin Coated Paper ($1.05B), and Large Flat-Rolled Stainless Steel ($714M). During the last 23 years the exports of Finland to Germany have increased at an annualized rate of 3.5%, from $5.02B in 1995 to $11.1B in 2018. In 2016, Finland exported services to Germany worth $1.6B, with Computer and information services ($476M), Other business services ($399M), and Transportation ($339M) being the largest in terms of value.

Comparison: In 2018, Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T). That same year, Finland ranked 10 in the Economic Complexity Index (ECI 1.56), and 42 in total exports ($76.8B). In terms of GDP Per Capita, Germany was ranked 18 with a GDP Per Capita of $47,603, and Finland was ranked 16 with a GDP Per Capita of $50,152.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Germany exported $12.4B to Finland. The main products exported from Germany to Finland were Cars ($943M), Vehicle Parts ($865M), and Packaged Medicaments ($325M). During the last 23 years the exports of Germany to Finland have increased at an annualized rate of 4.38%, from $4.61B in 1995 to $12.4B in 2018.

In 2018, Finland exported $11.1B to Germany. The main products exported from Finland to Germany were Cars ($2.79B), Kaolin Coated Paper ($1.05B), and Large Flat-Rolled Stainless Steel ($714M). During the last 23 years the exports of Finland to Germany have increased at an annualized rate of 3.5%, from $5.02B in 1995 to $11.1B in 2018.

Market Competitiveness

#permalink to section
Measure

Germany
Top Destination
: United States, $132B

Finland
Top Destination
: Germany, $11.1B

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

In 2018, countries that imported more from Germany than Finland were United States ($132B), France ($121B), and China ($109B).

In 2018, countries that imported more from Finland than Germany were Turks and Caicos Islands ($5M), Kiribati ($45.7k), and Tuvalu ($49.3k).

Comparative Advantage Germany - Finland

#permalink to section
Depth

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

During 2018, Germany had a large net trade with Finland in the exports of Machines ($3.97B), Transportation ($2.38B), and Chemical Products ($1.35B).

During 2018, Finland had a large net trade with Germany in the exports of Transportation ($3.67B), Metals ($2.08B), and Paper Goods ($1.96B).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Germany and Finland. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2016, Germany exported services to Finland worth $1.23B, with Transportation ($420M), Other business services ($391M), and Computer and information services ($297M) being the largest in terms of value.

In 2016, Finland exported services to Germany worth $1.6B, with Computer and information services ($476M), Other business services ($399M), and Transportation ($339M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Finland. Similarly, the more red a dot/product is, the more Finland has comparative advantage over Germany.