2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$107BCURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP GROWTH
-14.6%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC
$2,999CURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP PC GROWTH
-39.6%CURRENT US$
Rnk 182 / 186

About

Finland-Angola Trade: In 2022, Finland exported $5.82M to Angola. The main products that Finland exported to Angola were Combustion Engines ($1.68M), Electric Motors ($616k), and Fork-Lifts ($381k). Over the past 5 years the exports of Finland to Angola have decreased at an annualized rate of 2.54%, from $6.62M in 2017 to $5.82M in 2022.

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

Angola-Finland Trade: In 2022, Angola exported $2.56k to Finland. The main products that Angola exported to Finland were Broadcasting Equipment ($532), Electrical Transformers ($504), and Surveying Equipment ($377). Over the past 5 years the exports of Angola to Finland have decreased at an annualized rate of 36.7%,  from $25.3k in 2017 to $2.56k in 2022.

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

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $5.82M to Angola. The main products exported from Finland to Angola were Combustion Engines ($1.68M), Electric Motors ($616k), and Fork-Lifts ($381k). During the last 5 years the exports of Finland to Angola have decreased at an annualized rate of 2.54%, from $6.62M in 2017 to $5.82M in 2022.

In 2017, Angola exported $2.56k to Finland. The main products exported from Angola to Finland were Broadcasting Equipment ($532), Electrical Transformers ($504), and Surveying Equipment ($377). During the last 5 years the exports of Angola to Finland have decreased at an annualized rate of 36.7%, from $25.3k in 2022 to $2.56k in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Angola (Flag)

Finland Exports

Angola Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Angola
Top Destination
China$21.8B

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

In 2022, countries that imported more from Finland than Angola included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Angola than Finland included China ($21.8B), India ($4.81B), and United Arab Emirates ($3.63B).

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

Comparative Advantage Finland - Angola

Flow
Scale

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

During 2022, Finland had a large net trade with Angola in the exports of Machines ($4.35M), Paper Goods ($417k), and Textiles ($365k).

During 2017, Angola had a large net trade with Finland in the exports of Machines ($1.04k), Instruments ($728), and Metals ($413).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Angola+$400kTractors
Top Product Potential Angola Finland+$10.5kCrude Petroleum

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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Economic Complexity

Competitive Landscape

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

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

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