Flag Finland / Austria Flag

2021
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Exports
: $587M, Rnk 27 / 209

2021
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Top Product
: $72.3M, Sawn Wood

2021
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Exports
: $835M, Rnk 34 / 217

2021
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Top Product
: $43.7M, Chemically Pure Sugars

2021
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Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 131

2021
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Economic Complexity (ECI)
: ECI 1.5, Rnk 9 / 131

2021
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GDP
: $299B, CURRENT US$
Rnk 43 / 182

2011-2021
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GDP GROWTH
: 8.55%, CURRENT US$
Rnk 136 / 182

2021
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 GDP
: $477B, CURRENT US$
Rnk 29 / 182

2011-2021
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GDP GROWTH
: 10.5%, CURRENT US$
Rnk 129 / 182

2021
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GDP PC 
: $53,983, CURRENT US$
Rnk 14 / 182

2011-2021
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GDP PC GROWTH
: 5.54%, CURRENT US$
Rnk 114 / 182

2021
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GDP PC
: $53,268, CURRENT US$
Rnk 15 / 182

2011-2021
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GDP PC GROWTH
: 3.55%, CURRENT US$
Rnk 116 / 182

Finland-Austria In 2021, Finland exported $587M to Austria. The main products that Finland exported to Austria are Sawn Wood ($72.3M), Kaolin Coated Paper ($31.3M), and Raw Zinc ($28.8M). During the last 26 years the exports of Finland to Austria have increased at an annualized rate of 1.59%, from $389M in 1995 to $587M in 2021.

In 2020, Finland exported services to Austria worth $299M, with Other business services ($111M), Transportation ($86.8M), and Computer and information services ($81.1M) being the largest in terms of value.

Austria-Finland In 2021, Austria exported $835M to Finland. The main products that Austria exported to Finland were Chemically Pure Sugars ($43.7M), Spark-Ignition Engines ($41.3M), and Electrical Lighting and Signalling Equipment ($26.3M). During the last 26 years the exports of Austria to Finland have increased at an annualized rate of 2.81%, from $406M in 1995 to $835M in 2021.

In 2020, Austria exported services to Finland worth $416M, with Transportation ($153M), Other business services ($97.1M), and Computer and information services ($72M) being the largest in terms of value.

Comparison In 2021,  Finland ranked 13 in the Economic Complexity Index (ECI 1.42), and 43 in total exports ($83.1B). That same year, Austria ranked 9 in the Economic Complexity Index (ECI 1.5), and 31 in total exports ($198B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Finland exported $587M to Austria. The main products exported from Finland to Austria were Sawn Wood ($72.3M), Kaolin Coated Paper ($31.3M), and Raw Zinc ($28.8M). During the last 26 years the exports of Finland to Austria have increased at an annualized rate of 1.59%, from $389M in 1995 to $587M in 2021.

In 2021, Austria exported $835M to Finland. The main products exported from Austria to Finland were Chemically Pure Sugars ($43.7M), Spark-Ignition Engines ($41.3M), and Electrical Lighting and Signalling Equipment ($26.3M). During the last 26 years the exports of Austria to Finland have increased at an annualized rate of 2.81%, from $406M in 1995 to $835M in 2021.

Finland Exports

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Austria Exports

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Market Competitiveness

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Color

Finland
Top Destination
: Germany, $10.4B

Austria
Top Destination
: Germany, $56.4B

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

In 2021, countries that imported more from Finland than Austria were Sweden ($7.85B), Estonia ($2.6B), and Russia ($4.36B).

In 2021, countries that imported more from Austria than Finland were Germany ($56.4B), Italy ($13.1B), and Switzerland ($10.1B).

Comparative Advantage Finland - Austria

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Flow
Scale

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

During 2021, Finland had a large net trade with Austria in the exports of Machines ($163M), Wood Products ($96M), and Metals ($62.9M).

During 2021, Austria had a large net trade with Finland in the exports of Machines ($314M), Chemical Products ($118M), and Metals ($93.6M).

Bilateral Service Trade

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In 2020, Finland exported services to Austria worth $299M, with Other business services ($111M), Transportation ($86.8M), and Computer and information services ($81.1M) being the largest in terms of value.

In 2020, Austria exported services to Finland worth $416M, with Transportation ($153M), Other business services ($97.1M), and Computer and information services ($72M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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