Finland (FIN) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Finland-Greece Trade: In 2023, Finland exported $248M to Greece. The main products that Finland exported to Greece were Raw Zinc ($31.9M), Large Flat-Rolled Stainless Steel ($16.4M), and Sawn Wood ($15.8M). Over the past 5 years the exports of Finland to Greece have increased at an annualized rate of 6.61%, from $180M in 2018 to $248M in 2023.

In 2020, Finland exported services to Greece worth $8M, with Other business services ($5.71M) and Transportation ($2.28M) being the largest in terms of value.

Greece-Finland Trade: In 2023, Greece exported $154M to Finland. The main products that Greece exported to Finland were Raw Furskins ($37.3M), Utility Meters ($16M), and Cheese ($10.5M). Over the past 5 years the exports of Greece to Finland have increased at an annualized rate of 8.49%, from $102M in 2018 to $154M in 2023.

In 2020, Greece exported services to Finland worth $81.3M, with Communications services ($25M), Transportation ($20.3M), and Other business services ($15.8M) being the largest in terms of value.

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $248M to Greece. The main products exported from Finland to Greece were Raw Zinc ($31.9M), Large Flat-Rolled Stainless Steel ($16.4M), and Sawn Wood ($15.8M). During the last 5 years the exports of Finland to Greece have increased at an annualized rate of 6.61%, from $180M in 2018 to $248M in 2023.

In 2018, Greece exported $154M to Finland. The main products exported from Greece to Finland were Raw Furskins ($37.3M), Utility Meters ($16M), and Cheese ($10.5M). During the last 5 years the exports of Greece to Finland have increased at an annualized rate of 8.49%, from $102M in 2023 to $154M in 2018.

Exports from Finland () to Greece () (2023)

Exports from Greece () to Finland () (2023)

Latest Data

Trade between Finland () and Greece ()

Finland Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Finland than Greece included Sweden ($8.13B), United States ($9.68B), and Germany ($9.26B).

In 2023, countries that imported more from Greece than Finland included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

Difference in imports from Greece () and Finland () (2023)

Comparative Advantage Finland - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Greece in the exports of Paper Goods ($59M), Metals ($50.8M), and Machines ($27.7M).

During 2018, Greece had a large net trade with Finland in the exports of Animal Hides ($40.8M), Foodstuffs ($17M), and Instruments ($16.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Greece+$5.87MPackaged Medicaments

Top Product Potential Greece Finland+$21.1MRefined Petroleum

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

Grc Year

Fin Year

In 2020, Finland exported services to Greece worth $8M, with Other business services ($5.71M) and Transportation ($2.28M) being the largest in terms of value.

In 2020, Greece exported services to Finland worth $81.3M, with Communications services ($25M), Transportation ($20.3M), and Other business services ($15.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Greece () (2023)

Exports from Greece () to Finland () (2023)

Latest Data

Trade between Finland () and Greece ()

Finland Exports

Greece Exports

Market Competitiveness

Difference in imports from Greece () and Finland () (2023)

Comparative Advantage Finland - Greece

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Finland () and Greece () (2023)

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