Flag Finland / Norway Flag

2021
FlagFlag
Exports
: $1.99B, Rnk 13 / 209

2021
FlagFlag
Top Product
: $75.2M, Nickel Mattes

2021
FlagFlag
Exports
: $1.86B, Rnk 15 / 204

2021
FlagFlag
Top Product
: $732M, Crude Petroleum

2021
Flag
Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.69, Rnk 38 / 131

2021
Flag  
GDP
: $299B, CURRENT US$
Rnk 43 / 182

2011-2021
Flag
GDP GROWTH
: 8.55%, CURRENT US$
Rnk 136 / 182

2021
Flag
 GDP
: $482B, CURRENT US$
Rnk 27 / 182

2011-2021
Flag
GDP GROWTH
: -3.18%, CURRENT US$
Rnk 156 / 182

2021
Flag
GDP PC 
: $53,983, CURRENT US$
Rnk 14 / 182

2011-2021
Flag
GDP PC GROWTH
: 5.54%, CURRENT US$
Rnk 114 / 182

2021
Flag
GDP PC
: $89,203, CURRENT US$
Rnk 5 / 182

2011-2021
Flag
GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 150 / 182

Finland-Norway In 2021, Finland exported $1.99B to Norway. The main products that Finland exported to Norway are Nickel Mattes ($75.2M), Styrene Polymers ($56.7M), and Recreational Boats ($55.8M). During the last 26 years the exports of Finland to Norway have increased at an annualized rate of 1.82%, from $1.25B in 1995 to $1.99B in 2021.

In 2020, Finland exported services to Norway worth $700M, with Computer and information services ($308M), Other business services ($163M), and Transportation ($132M) being the largest in terms of value.

Norway-Finland In 2021, Norway exported $1.86B to Finland. The main products that Norway exported to Finland were Crude Petroleum ($732M), Non-fillet Fresh Fish ($214M), and Raw Aluminium ($79.5M). During the last 26 years the exports of Norway to Finland have increased at an annualized rate of 1.54%, from $1.25B in 1995 to $1.86B in 2021.

In 2009, Norway exported services to Finland worth $865M, with Other business services ($374M), Travel ($195M), and Transportation ($138M) being the largest in terms of value.

Comparison In 2021,  Finland ranked 13 in the Economic Complexity Index (ECI 1.42), and 43 in total exports ($83.1B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, Finland exported $1.99B to Norway. The main products exported from Finland to Norway were Nickel Mattes ($75.2M), Styrene Polymers ($56.7M), and Recreational Boats ($55.8M). During the last 26 years the exports of Finland to Norway have increased at an annualized rate of 1.82%, from $1.25B in 1995 to $1.99B in 2021.

In 2021, Norway exported $1.86B to Finland. The main products exported from Norway to Finland were Crude Petroleum ($732M), Non-fillet Fresh Fish ($214M), and Raw Aluminium ($79.5M). During the last 26 years the exports of Norway to Finland have increased at an annualized rate of 1.54%, from $1.25B in 1995 to $1.86B in 2021.

Finland Exports

#permalink to section

Norway Exports

#permalink to section

Market Competitiveness

#permalink to section
Color

Finland
Top Destination
: Germany, $10.4B

Norway
Top Destination
: United Kingdom, $33.5B

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

In 2021, countries that imported more from Finland than Norway were Russia ($4.36B), Estonia ($2.6B), and United States ($6.27B).

In 2021, countries that imported more from Norway than Finland were United Kingdom ($33.5B), Germany ($31.5B), and Netherlands ($12.2B).

Comparative Advantage Finland - Norway

#permalink to section
Flow
Scale

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

During 2021, Finland had a large net trade with Norway in the exports of Machines ($495M), Metals ($347M), and Transportation ($261M).

During 2021, Norway had a large net trade with Finland in the exports of Mineral Products ($844M), Metals ($315M), and Animal Products ($252M).

Bilateral Service Trade

#permalink to section

In 2020, Finland exported services to Norway worth $700M, with Computer and information services ($308M), Other business services ($163M), and Transportation ($132M) being the largest in terms of value.

In 2009, Norway exported services to Finland worth $865M, with Other business services ($374M), Travel ($195M), and Transportation ($138M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Finland.