Finland / South Korea

Finland-South Korea Trade: In 2023, Finland exported $776M to South Korea. The main products that Finland exported to South Korea were Raw Nickel ($176M), Electric Motors ($75.6M), and Electrical Transformers ($54.9M). Over the past 5 years the exports of Finland to South Korea have decreased at an annualized rate of 7.21%, from $1.13B in 2018 to $776M in 2023.

In 2020, Finland exported services to South Korea worth $195M, with Computer and information services ($112M), Transportation ($36.6M), and Other business services ($36.6M) being the largest in terms of value.

South Korea-Finland Trade: In 2023, South Korea exported $826M to Finland. The main products that South Korea exported to Finland were Cars ($217M), Electric Batteries ($187M), and Integrated Circuits ($56.2M). Over the past 5 years the exports of South Korea to Finland have decreased at an annualized rate of 1.47%,  from $890M in 2018 to $826M in 2023.

In 2005, South Korea exported services to Finland worth $148M, with Transportation ($114M), Other business services ($23M), and Travel ($6.7M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).