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
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 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
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186

About

Finland-United Kingdom Trade: In 2022, Finland exported $3.21B to United Kingdom. The main products that Finland exported to United Kingdom were Refined Petroleum ($514M), Kaolin Coated Paper ($319M), and Sawn Wood ($275M). Over the past 5 years the exports of Finland to United Kingdom have decreased at an annualized rate of 4.83%, from $4.11B in 2017 to $3.21B in 2022.

In 2020, Finland exported services to United Kingdom worth $1.18B, with Computer and information services ($579M), Other business services ($336M), and Transportation ($93.7M) being the largest in terms of value.

United Kingdom-Finland Trade: In 2022, United Kingdom exported $1.78B to Finland. The main products that United Kingdom exported to Finland were Crude Petroleum ($516M), Cars ($112M), and Large Construction Vehicles ($41.9M). Over the past 5 years the exports of United Kingdom to Finland have decreased at an annualized rate of 5.7%,  from $2.39B in 2017 to $1.78B in 2022.

In 2019, United Kingdom exported services to Finland worth $1.53B, with Other business services ($562M), Financial services ($416M), and Travel ($217M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $3.21B to United Kingdom. The main products exported from Finland to United Kingdom were Refined Petroleum ($514M), Kaolin Coated Paper ($319M), and Sawn Wood ($275M). During the last 5 years the exports of Finland to United Kingdom have decreased at an annualized rate of 4.83%, from $4.11B in 2017 to $3.21B in 2022.

In 2017, United Kingdom exported $1.78B to Finland. The main products exported from United Kingdom to Finland were Crude Petroleum ($516M), Cars ($112M), and Large Construction Vehicles ($41.9M). During the last 22 years the exports of United Kingdom to Finland have decreased at an annualized rate of 5.7%, from $2.39B in 1995 to $1.78B in 2017.

Exports from Finland (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and United Kingdom (Flag)

Finland Exports

United Kingdom Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
United Kingdom
Top Destination
United States$61.8B

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

In 2022, countries that imported more from Finland than United Kingdom included Estonia ($3.58B), Sweden ($9.1B), and Russia ($2.14B).

In 2022, countries that imported more from United Kingdom than Finland included United States ($61.8B), Netherlands ($41.9B), and Ireland ($32.6B).

Difference in imports from United Kingdom (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - United Kingdom

Flow
Scale

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

During 2022, Finland had a large net trade with United Kingdom in the exports of Paper Goods ($657M), Mineral Products ($572M), and Machines ($414M).

During 2017, United Kingdom had a large net trade with Finland in the exports of Mineral Products ($559M), Machines ($396M), and Transportation ($208M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland United Kingdom+$131MCars
Top Product Potential United Kingdom Finland+$67.8MCars

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 United Kingdom worth $1.18B, with Computer and information services ($579M), Other business services ($336M), and Transportation ($93.7M) being the largest in terms of value.

In 2019, United Kingdom exported services to Finland worth $1.53B, with Other business services ($562M), Financial services ($416M), and Travel ($217M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Finland (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Finland (Flag) and United Kingdom (Flag) (2022)

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