Flag Finland / United Kingdom Flag

Exports Flag β†’ Flag  (2018): $3.35B, Rnk 7 / 197

Top Product Flag β†’ Flag (2018): $636M, Refined Petroleum

Exports Flag β†’ Flag (2018): $2.01B, Rnk 34 / 217

Top Product Flag β†’ Flag (2018): $223M, Cars

Economic Complexity of Flag (2018): ECI 1.56, Rnk 10 / 137

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

GDP Flag (2018): $277B, CURRENT US$
Rnk 41 / 196

GDP GROWTH Flag (2008-2018): -2.74%, CURRENT US$
Rnk 172 / 196

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP PC Flag (2018): $50,152, CURRENT US$
Rnk 16 / 196

GDP PC GROWTH Flag (2008-2018): -6.35%, CURRENT US$
Rnk 163 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

Finland-United Kingdom: In 2018, Finland exported $3.35B to United Kingdom. The main products exported from Finland to United Kingdom were Refined Petroleum ($636M), Kaolin Coated Paper ($409M), and Sawn Wood ($243M). During the last 23 years the exports of Finland to United Kingdom have decreased at an annualized rate of 0.37%, from $3.65B in 1995 to $3.35B in 2018. In 2016, Finland exported services to United Kingdom worth $1.46B, with Computer and information services ($626M), Other business services ($261M), and Transportation ($180M) being the largest in terms of value.

United Kingdom-Finland: In 2018, United Kingdom exported $2.01B to Finland. The main products exported from United Kingdom to Finland were Cars ($223M), Crude Petroleum ($90.9M), and Packaged Medicaments ($47.8M). During the last 23 years the exports of United Kingdom to Finland have decreased at an annualized rate of 0.85%, from $2.45B in 1995 to $2.01B in 2018. In 2016, United Kingdom exported services to Finland worth $301M, with Travel ($207M), Transportation ($89.1M), and Government services, n.i.e. ($5.42M) being the largest in terms of value.

Comparison: In 2018, Finland ranked 10 in the Economic Complexity Index (ECI 1.56), and 42 in total exports ($76.8B). That same year, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). In terms of GDP Per Capita, Finland was ranked 16 with a GDP Per Capita of $50,152, and United Kingdom was ranked 22 with a GDP Per Capita of $42,944.

Bilateral Trade by Products

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Depth
Value

In 2018, Finland exported $3.35B to United Kingdom. The main products exported from Finland to United Kingdom were Refined Petroleum ($636M), Kaolin Coated Paper ($409M), and Sawn Wood ($243M). During the last 23 years the exports of Finland to United Kingdom have decreased at an annualized rate of 0.37%, from $3.65B in 1995 to $3.35B in 2018.

In 2018, United Kingdom exported $2.01B to Finland. The main products exported from United Kingdom to Finland were Cars ($223M), Crude Petroleum ($90.9M), and Packaged Medicaments ($47.8M). During the last 23 years the exports of United Kingdom to Finland have decreased at an annualized rate of 0.85%, from $2.45B in 1995 to $2.01B in 2018.

Market Competitiveness

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Measure

Finland
Top Destination
: Germany, $11.1B

United Kingdom
Top Destination
: United States, $61.9B

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 2018, countries that imported more from Finland than United Kingdom were Estonia ($1.79B), Russia ($4.03B), and Latvia ($732M).

In 2018, countries that imported more from United Kingdom than Finland were United States ($61.9B), Germany ($45.5B), and Netherlands ($33.3B).

Comparative Advantage Finland - United Kingdom

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Depth

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

During 2018, Finland had a large net trade with United Kingdom in the exports of Paper Goods ($785M), Mineral Products ($710M), and Machines ($400M).

During 2018, United Kingdom had a large net trade with Finland in the exports of Machines ($484M), Transportation ($318M), and Chemical Products ($283M).

Trade Forecasts

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This section shows a forecast for total trade between Finland and United Kingdom. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Finland exported services to United Kingdom worth $1.46B, with Computer and information services ($626M), Other business services ($261M), and Transportation ($180M) being the largest in terms of value.

In 2016, United Kingdom exported services to Finland worth $301M, with Travel ($207M), Transportation ($89.1M), and Government services, n.i.e. ($5.42M) 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 red.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over United Kingdom. Similarly, the more red a dot/product is, the more United Kingdom has comparative advantage over Finland.