Flag Finland / United Kingdom Flag

2021
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Exports
: $3.01B, Rnk 8 / 209

2021
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Top Product
: $420M, Sawn Wood

2021
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Exports
: $1.42B, Rnk 41 / 222

2021
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Top Product
: $123M, Cars

2021
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Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 131

2021
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Economic Complexity (ECI)
: ECI 1.43, Rnk 11 / 131

2021
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GDP
: $299B, CURRENT US$
Rnk 43 / 182

2011-2021
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GDP GROWTH
: 8.55%, CURRENT US$
Rnk 136 / 182

2021
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 GDP
: $3.19T, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP GROWTH
: 19.1%, CURRENT US$
Rnk 110 / 182

2021
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GDP PC 
: $53,983, CURRENT US$
Rnk 14 / 182

2011-2021
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GDP PC GROWTH
: 5.54%, CURRENT US$
Rnk 114 / 182

2021
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GDP PC
: $47,334, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP PC GROWTH
: 11.9%, CURRENT US$
Rnk 98 / 182

Finland-United Kingdom In 2021, Finland exported $3.01B to United Kingdom. The main products that Finland exported to United Kingdom are Sawn Wood ($420M), Kaolin Coated Paper ($294M), and Refined Petroleum ($233M). During the last 26 years the exports of Finland to United Kingdom have decreased at an annualized rate of 1.2%, from $4.11B in 1995 to $3.01B in 2021.

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 In 2021, United Kingdom exported $1.42B to Finland. The main products that United Kingdom exported to Finland were Cars ($123M), Oscilloscopes ($67.4M), and Packaged Medicaments ($43.7M). During the last 26 years the exports of United Kingdom to Finland have decreased at an annualized rate of 1.97%, from $2.38B in 1995 to $1.42B in 2021.

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 2021,  Finland ranked 13 in the Economic Complexity Index (ECI 1.42), and 43 in total exports ($83.1B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43), and 13 in total exports ($420B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Finland exported $3.01B to United Kingdom. The main products exported from Finland to United Kingdom were Sawn Wood ($420M), Kaolin Coated Paper ($294M), and Refined Petroleum ($233M). During the last 26 years the exports of Finland to United Kingdom have decreased at an annualized rate of 1.2%, from $4.11B in 1995 to $3.01B in 2021.

In 2021, United Kingdom exported $1.42B to Finland. The main products exported from United Kingdom to Finland were Cars ($123M), Oscilloscopes ($67.4M), and Packaged Medicaments ($43.7M). During the last 26 years the exports of United Kingdom to Finland have decreased at an annualized rate of 1.97%, from $2.38B in 1995 to $1.42B in 2021.

Finland Exports

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United Kingdom Exports

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Market Competitiveness

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Color

Finland
Top Destination
: Germany, $10.4B

United Kingdom
Top Destination
: United States, $56.1B

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 2021, countries that imported more from Finland than United Kingdom were Estonia ($2.6B), Sweden ($7.85B), and Russia ($4.36B).

In 2021, countries that imported more from United Kingdom than Finland were United States ($56.1B), Netherlands ($34.6B), and Germany ($39.5B).

Comparative Advantage Finland - United Kingdom

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Flow
Scale

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

During 2021, Finland had a large net trade with United Kingdom in the exports of Paper Goods ($616M), Wood Products ($551M), and Machines ($439M).

During 2021, United Kingdom had a large net trade with Finland in the exports of Machines ($376M), Chemical Products ($210M), and Transportation ($203M).

Bilateral Service Trade

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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.

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 yellow.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over United Kingdom. Similarly, the more yellow a dot/product is, the more United Kingdom has comparative advantage over Finland.