2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Finland-Mexico Trade: In 2023, Finland exported $452M to Mexico. The main products that Finland exported to Mexico were Kaolin Coated Paper ($83.7M), Spark-Ignition Engines ($38M), and Large Flat-Rolled Stainless Steel ($37M). Over the past 5 years the exports of Finland to Mexico have decreased at an annualized rate of 4.39%, from $566M in 2018 to $452M in 2023.

In 2020, Finland exported services to Mexico worth $107M, with Computer and information services ($74.2M), Other business services ($24M), and Royalties and license fees ($6.85M) being the largest in terms of value.

Mexico-Finland Trade: In 2023, Mexico exported $311M to Finland. The main products that Mexico exported to Finland were Tractors ($80.6M), Cars ($39M), and Broadcasting Equipment ($30M). Over the past 5 years the exports of Mexico to Finland have increased at an annualized rate of 0.51%,  from $303M in 2018 to $311M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $452M to Mexico. The main products exported from Finland to Mexico were Kaolin Coated Paper ($83.7M), Spark-Ignition Engines ($38M), and Large Flat-Rolled Stainless Steel ($37M). During the last 5 years the exports of Finland to Mexico have decreased at an annualized rate of 4.39%, from $566M in 2018 to $452M in 2023.

In 2018, Mexico exported $311M to Finland. The main products exported from Mexico to Finland were Tractors ($80.6M), Cars ($39M), and Broadcasting Equipment ($30M). During the last 5 years the exports of Mexico to Finland have increased at an annualized rate of 0.51%, from $303M in 2023 to $311M in 2018.

Exports from Finland (Flag) to Mexico (Flag) (2023)

Exports from Mexico (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Mexico (Flag)

Finland Exports

Mexico Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Mexico
Top Destination
United States$456B

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

In 2023, countries that imported more from Finland than Mexico included Sweden ($8.13B), Netherlands ($5.51B), and Estonia ($2.4B).

In 2023, countries that imported more from Mexico than Finland included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Mexico

Flow
Scale

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

During 2023, Finland had a large net trade with Mexico in the exports of Machines ($211M), Paper Goods ($94.5M), and Metals ($57.8M).

During 2018, Mexico had a large net trade with Finland in the exports of Transportation ($156M), Machines ($85.4M), and Instruments ($31.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Mexico+$17MIntegrated Circuits
Top Product Potential Mexico Finland+$48MCars

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

Product Space of Finland (Flag) and Mexico (Flag) (2023)

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