Finland (FIN) and Canada (CAN) Trade | The Observatory of Economic Complexity

About

Finland-Canada In 2022, Finland exported $1.17B to Canada. The main products that Finland exported to Canada are Nickel Mattes ($121M), Other Construction Vehicles ($93M), and Cars ($86.7M). During the last 27 years the exports of Finland to Canada have increased at an annualized rate of 4.86%, from $325M in 1995 to $1.17B in 2022.

In 2020, Finland exported services to Canada worth $147M, with Computer and information services ($86.8M), Royalties and license fees ($26.3M), and Other business services ($25.1M) being the largest in terms of value.

Canada-Finland In 2022, Canada exported $590M to Finland. The main products that Canada exported to Finland were Nickel Ore ($173M), Copper Ore ($109M), and Coal Briquettes ($54.6M). During the last 27 years the exports of Canada to Finland have increased at an annualized rate of 3.96%, from $207M in 1995 to $590M in 2022.

In 2020, Canada exported services to Finland worth $38M, with Transportation ($11.9M), Royalties and license fees ($11.2M), and Travel ($8.95M) being the largest in terms of value.

Comparison In 2022, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $1.17B to Canada. The main products exported from Finland to Canada were Nickel Mattes ($121M), Other Construction Vehicles ($93M), and Cars ($86.7M). During the last 27 years the exports of Finland to Canada have increased at an annualized rate of 4.86%, from $325M in 1995 to $1.17B in 2022.

In 2022, Canada exported $590M to Finland. The main products exported from Canada to Finland were Nickel Ore ($173M), Copper Ore ($109M), and Coal Briquettes ($54.6M). During the last 27 years the exports of Canada to Finland have increased at an annualized rate of 3.96%, from $207M in 1995 to $590M in 2022.

Exports from Finland () to Canada () (2022)

Exports from Canada () to Finland () (2022)

Latest Data

Trade between Finland () and Canada ()

Finland Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Canada
Top DestinationUnited States$438B

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

In 2021, countries that imported more from Finland than Canada were Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

In 2021, countries that imported more from Canada than Finland were United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Finland () (2022)

Comparative Advantage Finland - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Canada in the exports of Machines ($417M), Metals ($179M), and Transportation ($147M).

During 2022, Canada had a large net trade with Finland in the exports of Mineral Products ($343M), Transportation ($59.5M), and Machines ($57.9M).

Service Trade

Bilateral Service Trade

Can Year

Fin Year

In 2020, Finland exported services to Canada worth $147M, with Computer and information services ($86.8M), Royalties and license fees ($26.3M), and Other business services ($25.1M) being the largest in terms of value.

In 2020, Canada exported services to Finland worth $38M, with Transportation ($11.9M), Royalties and license fees ($11.2M), and Travel ($8.95M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland () to Canada () (2020)

Services Exports from Canada () to Finland () (2020)

Economic Complexity

Competitive Landscape

Year

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 Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Canada () (2022)

Exports from Canada () to Finland () (2022)

Latest Data

Trade between Finland () and Canada ()

Finland Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Finland () (2022)

Comparative Advantage Finland - Canada

Service Trade

Bilateral Service Trade

Services Exports from Finland () to Canada () (2020)

Services Exports from Canada () to Finland () (2020)

Economic Complexity

Competitive Landscape

Product Space of Finland () and Canada () (2022)

Keep Exploring