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
$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH
37%CURRENT US$
Rnk 89 / 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
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Finland-Hong Kong Trade: In 2022, Finland exported $100M to Hong Kong. The main products that Finland exported to Hong Kong were Aircraft Parts ($22.9M), Packaged Medicaments ($5.04M), and Integrated Circuits ($4.52M). Over the past 5 years the exports of Finland to Hong Kong have decreased at an annualized rate of 14.4%, from $218M in 2017 to $100M in 2022.

In 2020, Finland exported services to Hong Kong worth $69.7M, with Transportation ($32M), Computer and information services ($22.8M), and Other business services ($13.7M) being the largest in terms of value.

Hong Kong-Finland Trade: In 2022, Hong Kong exported $107M to Finland. The main products that Hong Kong exported to Finland were Buses ($30.6M), Integrated Circuits ($18.3M), and Optical Fibers and optical fibre bundles ($5.31M). Over the past 5 years the exports of Hong Kong to Finland have decreased at an annualized rate of 7.36%,  from $157M in 2017 to $107M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $100M to Hong Kong. The main products exported from Finland to Hong Kong were Aircraft Parts ($22.9M), Packaged Medicaments ($5.04M), and Integrated Circuits ($4.52M). During the last 5 years the exports of Finland to Hong Kong have decreased at an annualized rate of 14.4%, from $218M in 2017 to $100M in 2022.

In 2017, Hong Kong exported $107M to Finland. The main products exported from Hong Kong to Finland were Buses ($30.6M), Integrated Circuits ($18.3M), and Optical Fibers and optical fibre bundles ($5.31M). During the last 5 years the exports of Hong Kong to Finland have decreased at an annualized rate of 7.36%, from $157M in 2022 to $107M in 2017.

Exports from Finland (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Hong Kong (Flag)

Finland Exports

Hong Kong Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Finland than Hong Kong included Sweden ($9.1B), Germany ($9.99B), and United States ($9.17B).

In 2022, countries that imported more from Hong Kong than Finland included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Hong Kong

Flow
Scale

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

During 2022, Finland had a large net trade with Hong Kong in the exports of Machines ($25M), Transportation ($24.8M), and Instruments ($12M).

During 2017, Hong Kong had a large net trade with Finland in the exports of Machines ($45.3M), Transportation ($32.2M), and Instruments ($12.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Hong Kong+$10.1MIntegrated Circuits
Top Product Potential Hong Kong Finland+$10.7MIntegrated Circuits

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

Product Space of Finland (Flag) and Hong Kong (Flag) (2022)

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