Finland (FIN) and India (IND) Trade | The Observatory of Economic Complexity

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Finland-India Trade: In 2022, Finland exported $1.39B to India. The main products that Finland exported to India were Nitrogenous Fertilizers ($442M), Integrated Circuits ($186M), and Acyclic Alcohols ($68.7M). Over the past 5 years the exports of Finland to India have increased at an annualized rate of 15.7%, from $671M in 2017 to $1.39B in 2022.

In 2020, Finland exported services to India worth $458M, with Computer and information services ($267M), Royalties and license fees ($120M), and Other business services ($51.4M) being the largest in terms of value.

India-Finland In N/A, India did not export any products to Finland.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $1.39B to India. The main products exported from Finland to India were Nitrogenous Fertilizers ($442M), Integrated Circuits ($186M), and Acyclic Alcohols ($68.7M). During the last 5 years the exports of Finland to India have increased at an annualized rate of 15.7%, from $671M in 2017 to $1.39B in 2022.

India does not register exports to Finland. The main products exported from India to Finland were Packaged Medicaments ($72.3M), Electric Motor Parts ($67.6M), and Other Engines ($66.6M).

Exports from Finland () to India () (2022)

Exports from India () to Finland () (2022)

Latest Data

Trade between Finland () and India ()

Finland Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Finland than India included Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

In 2022, countries that imported more from India than Finland included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

Difference in imports from India () and Finland () (2022)

Comparative Advantage Finland - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with India in the exports of Chemical Products ($566M), Machines ($441M), and Metals ($100M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland India+$27.3MIntegrated Circuits

Top Product Potential India Finland+$66.6MRefined 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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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to India () (2022)

Exports from India () to Finland () (2022)

Latest Data

Trade between Finland () and India ()

Finland Exports

India Exports

Market Competitiveness

Difference in imports from India () and Finland () (2022)

Comparative Advantage Finland - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and India () (2022)

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