Finland (FIN) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Finland-Portugal Trade: In 2023, Finland exported $368M to Portugal. The main products that Finland exported to Portugal were Papermaking Machines ($35.7M), Rosin ($27.1M), and Sulfate Chemical Woodpulp ($21.8M). Over the past 5 years the exports of Finland to Portugal have increased at an annualized rate of 7.46%, from $257M in 2018 to $368M in 2023.

In 2020, Finland exported services to Portugal worth $51.4M, with Computer and information services ($20.6M), Other business services ($19.4M), and Transportation ($5.71M) being the largest in terms of value.

Portugal-Finland Trade: In 2023, Portugal exported $444M to Finland. The main products that Portugal exported to Finland were Zinc Ore ($125M), Copper Ore ($107M), and Motorcycles and cycles ($13M). Over the past 5 years the exports of Portugal to Finland have increased at an annualized rate of 2.94%, from $384M in 2018 to $444M in 2023.

In 2020, Portugal exported services to Finland worth $29.7M, with Travel ($29.7M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $368M to Portugal. The main products exported from Finland to Portugal were Papermaking Machines ($35.7M), Rosin ($27.1M), and Sulfate Chemical Woodpulp ($21.8M). During the last 5 years the exports of Finland to Portugal have increased at an annualized rate of 7.46%, from $257M in 2018 to $368M in 2023.

In 2018, Portugal exported $444M to Finland. The main products exported from Portugal to Finland were Zinc Ore ($125M), Copper Ore ($107M), and Motorcycles and cycles ($13M). During the last 5 years the exports of Portugal to Finland have increased at an annualized rate of 2.94%, from $384M in 2023 to $444M in 2018.

Exports from Finland () to Portugal () (2023)

Exports from Portugal () to Finland () (2023)

Latest Data

Trade between Finland () and Portugal ()

Finland Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Finland than Portugal included Sweden ($8.13B), United States ($9.68B), and China ($4.58B).

In 2023, countries that imported more from Portugal than Finland included Spain ($17.7B), France ($9.19B), and Angola ($1.64B).

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

Comparative Advantage Finland - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Portugal in the exports of Machines ($154M), Paper Goods ($58.8M), and Chemical Products ($42.7M).

During 2018, Portugal had a large net trade with Finland in the exports of Mineral Products ($233M), Textiles ($34M), and Machines ($32.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Portugal+$4.94MKaolin Coated Paper

Top Product Potential Portugal Finland+$14.3MCars

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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Bilateral Service Trade

Prt Year

Fin Year

In 2020, Finland exported services to Portugal worth $51.4M, with Computer and information services ($20.6M), Other business services ($19.4M), and Transportation ($5.71M) being the largest in terms of value.

In 2020, Portugal exported services to Finland worth $29.7M, with Travel ($29.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland () to Portugal () (2020)

Services Exports from Portugal () to Finland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Finland and Portugal. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Finland.

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Portugal () (2023)

Exports from Portugal () to Finland () (2023)

Latest Data

Trade between Finland () and Portugal ()

Finland Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Finland - Portugal

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Finland () to Portugal () (2020)

Services Exports from Portugal () to Finland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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