2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Finland-Austria Trade: In 2022, Finland exported $656M to Austria. The main products that Finland exported to Austria were Sawn Wood ($66.5M), Raw Zinc ($52.1M), and Glass Working Machines ($32.3M). Over the past 5 years the exports of Finland to Austria have increased at an annualized rate of 6.98%, from $468M in 2017 to $656M in 2022.

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 Trade: In 2022, Austria exported $906M to Finland. The main products that Austria exported to Finland were Chemically Pure Sugars ($71.2M), Spark-Ignition Engines ($56.6M), and Vaccines, blood, antisera, toxins and cultures ($32.5M). Over the past 5 years the exports of Austria to Finland have increased at an annualized rate of 5.23%,  from $667M in 2017 to $906M in 2022.

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 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $656M to Austria. The main products exported from Finland to Austria were Sawn Wood ($66.5M), Raw Zinc ($52.1M), and Glass Working Machines ($32.3M). During the last 5 years the exports of Finland to Austria have increased at an annualized rate of 6.98%, from $468M in 2017 to $656M in 2022.

In 2017, Austria exported $906M to Finland. The main products exported from Austria to Finland were Chemically Pure Sugars ($71.2M), Spark-Ignition Engines ($56.6M), and Vaccines, blood, antisera, toxins and cultures ($32.5M). During the last 5 years the exports of Austria to Finland have increased at an annualized rate of 5.23%, from $667M in 2022 to $906M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Austria (Flag)

Finland Exports

Austria Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Austria
Top Destination
Germany$57.7B

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 2022, countries that imported more from Finland than Austria included Sweden ($9.1B), Estonia ($3.58B), and Netherlands ($5.88B).

In 2022, countries that imported more from Austria than Finland included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

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

Comparative Advantage Finland - Austria

Flow
Scale

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

During 2022, Finland had a large net trade with Austria in the exports of Machines ($205M), Metals ($93.8M), and Wood Products ($89.8M).

During 2017, Austria had a large net trade with Finland in the exports of Machines ($320M), Chemical Products ($157M), and Metals ($96.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Austria+$16.3MRefined Petroleum
Top Product Potential Austria Finland+$19.8MCars

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 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.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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