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$281BCURRENT US$
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8.73%CURRENT US$
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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$50,537CURRENT US$
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5.93%CURRENT US$
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$33,815CURRENT US$
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About

Finland-Japan Trade: In 2022, Finland exported $1.98B to Japan. The main products that Finland exported to Japan were Sawn Wood ($349M), Wood Carpentry ($295M), and Cobalt ($270M). Over the past 5 years the exports of Finland to Japan have increased at an annualized rate of 5.38%, from $1.52B in 2017 to $1.98B in 2022.

In 2020, Finland exported services to Japan worth $768M, with Computer and information services ($473M), Other business services ($145M), and Transportation ($85.7M) being the largest in terms of value.

Japan-Finland Trade: In 2022, Japan exported $690M to Finland. The main products that Japan exported to Finland were Cars ($185M), Rubber Tires ($21.8M), and Packaged Medicaments ($19.9M). Over the past 5 years the exports of Japan to Finland have increased at an annualized rate of 2.91%,  from $581M in 2017 to $690M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $1.98B to Japan. The main products exported from Finland to Japan were Sawn Wood ($349M), Wood Carpentry ($295M), and Cobalt ($270M). During the last 5 years the exports of Finland to Japan have increased at an annualized rate of 5.38%, from $1.52B in 2017 to $1.98B in 2022.

In 2017, Japan exported $690M to Finland. The main products exported from Japan to Finland were Cars ($185M), Rubber Tires ($21.8M), and Packaged Medicaments ($19.9M). During the last 5 years the exports of Japan to Finland have increased at an annualized rate of 2.91%, from $581M in 2022 to $690M in 2017.

Exports from Finland (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Japan (Flag)

Finland Exports

Japan Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Finland than Japan included Sweden ($9.1B), Estonia ($3.58B), and Lithuania ($1.14B).

In 2022, countries that imported more from Japan than Finland included China ($135B), United States ($137B), and South Korea ($50.8B).

Difference in imports from Japan (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Japan

Flow
Scale

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

During 2022, Finland had a large net trade with Japan in the exports of Wood Products ($655M), Metals ($507M), and Chemical Products ($282M).

During 2017, Japan had a large net trade with Finland in the exports of Machines ($252M), Transportation ($216M), and Chemical Products ($65.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Japan+$46.1MCars
Top Product Potential Japan Finland+$102MCars

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

Product Space of Finland (Flag) and Japan (Flag) (2022)

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