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
$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH
111%CURRENT US$
Rnk 11 / 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
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186

About

Finland-China Trade: In 2022, Finland exported $4.94B to China. The main products that Finland exported to China were Sulfate Chemical Woodpulp ($1.13B), Nickel Mattes ($522M), and Nickel Ore ($287M). Over the past 5 years the exports of Finland to China have increased at an annualized rate of 5.99%, from $3.69B in 2017 to $4.94B in 2022.

In 2020, Finland exported services to China worth $916M, with Computer and information services ($556M), Other business services ($234M), and Transportation ($102M) being the largest in terms of value.

China-Finland Trade: In 2022, China exported $7.16B to Finland. The main products that China exported to Finland were Broadcasting Equipment ($469M), Passenger and Cargo Ships ($452M), and Computers ($401M). Over the past 5 years the exports of China to Finland have increased at an annualized rate of 10.4%,  from $4.37B in 2017 to $7.16B in 2022.

In 2022, China 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, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $4.94B to China. The main products exported from Finland to China were Sulfate Chemical Woodpulp ($1.13B), Nickel Mattes ($522M), and Nickel Ore ($287M). During the last 5 years the exports of Finland to China have increased at an annualized rate of 5.99%, from $3.69B in 2017 to $4.94B in 2022.

In 2017, China exported $7.16B to Finland. The main products exported from China to Finland were Broadcasting Equipment ($469M), Passenger and Cargo Ships ($452M), and Computers ($401M). During the last 5 years the exports of China to Finland have increased at an annualized rate of 10.4%, from $4.37B in 2022 to $7.16B in 2017.

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

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

Latest Data

Trade between Finland (Flag) and China (Flag)

Finland Exports

China Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
China
Top Destination
United States$551B

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

In 2022, countries that imported more from Finland than China included Estonia ($3.58B), Greenland ($3.98M), and Saint Martin ($2.51M).

In 2022, countries that imported more from China than Finland included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Finland - China

Flow
Scale

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

During 2022, Finland had a large net trade with China in the exports of Paper Goods ($1.25B), Machines ($1.2B), and Metals ($891M).

During 2017, China had a large net trade with Finland in the exports of Machines ($3.51B), Transportation ($662M), and Textiles ($630M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland China+$121MIntegrated Circuits
Top Product Potential China Finland+$236MTelephones

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 China. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Finland.

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

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