Finland (FIN) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Finland-Japan Trade: In 2023, Finland exported $1.61B to Japan. The main products that Finland exported to Japan were Sawn Wood ($179M), Nickel Mattes ($169M), and Cobalt ($129M). Over the past 5 years the exports of Finland to Japan have decreased at an annualized rate of 3.13%, from $1.89B in 2018 to $1.61B in 2023.

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 2023, Japan exported $847M to Finland. The main products that Japan exported to Finland were Cars ($260M), Large Construction Vehicles ($51.9M), and Industrial Printers ($23.4M). Over the past 5 years the exports of Japan to Finland have increased at an annualized rate of 0.26%, from $836M in 2018 to $847M in 2023.

In 2023, Japan did not export any services to Finland.

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $1.61B to Japan. The main products exported from Finland to Japan were Sawn Wood ($179M), Nickel Mattes ($169M), and Cobalt ($129M). During the last 5 years the exports of Finland to Japan have decreased at an annualized rate of 3.13%, from $1.89B in 2018 to $1.61B in 2023.

In 2018, Japan exported $847M to Finland. The main products exported from Japan to Finland were Cars ($260M), Large Construction Vehicles ($51.9M), and Industrial Printers ($23.4M). During the last 5 years the exports of Japan to Finland have increased at an annualized rate of 0.26%, from $836M in 2023 to $847M in 2018.

Exports from Finland () to Japan () (2023)

Exports from Japan () to Finland () (2023)

Latest Data

Trade between Finland () and Japan ()

Finland Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Japan
Top DestinationUnited States$143B

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 2023, countries that imported more from Finland than Japan included Sweden ($8.13B), Estonia ($2.4B), and Latvia ($1.1B).

In 2023, countries that imported more from Japan than Finland included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Finland - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Japan in the exports of Metals ($343M), Wood Products ($306M), and Machines ($280M).

During 2018, Japan had a large net trade with Finland in the exports of Machines ($326M), Transportation ($309M), and Instruments ($55.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Japan () (2023)

Exports from Japan () to Finland () (2023)

Latest Data

Trade between Finland () and Japan ()

Finland Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Finland - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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