Finland (FIN) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Finland-Russia In 2022, Finland exported $2.14B to Russia. The main products that Finland exported to Russia are Precipitated Copper ($641M), Refined Petroleum ($110M), and Kaolin Coated Paper ($81.6M). During the last 27 years the exports of Finland to Russia have increased at an annualized rate of 0.41%, from $1.92B in 1995 to $2.14B in 2022.

In 2020, Finland exported services to Russia worth $506M, with Computer and information services ($255M), Other business services ($143M), and Transportation ($66.2M) being the largest in terms of value.

Russia-Finland In 2022, Russia exported $5.31B to Finland. The main products that Russia exported to Finland were Nickel Mattes ($1.83B), Refined Petroleum ($942M), and Crude Petroleum ($910M). During the last 27 years the exports of Russia to Finland have increased at an annualized rate of 3.79%, from $1.94B in 1995 to $5.31B in 2022.

In 2020, Russia exported services to Finland worth $546M, with Construction services ($157M), Transportation ($157M), and Other business services ($126M) being the largest in terms of value.

Comparison In 2022, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $2.14B to Russia. The main products exported from Finland to Russia were Precipitated Copper ($641M), Refined Petroleum ($110M), and Kaolin Coated Paper ($81.6M). During the last 27 years the exports of Finland to Russia have increased at an annualized rate of 0.41%, from $1.92B in 1995 to $2.14B in 2022.

In 2022, Russia exported $5.31B to Finland. The main products exported from Russia to Finland were Nickel Mattes ($1.83B), Refined Petroleum ($942M), and Crude Petroleum ($910M). During the last 27 years the exports of Russia to Finland have increased at an annualized rate of 3.79%, from $1.94B in 1995 to $5.31B in 2022.

Exports from Finland () to Russia () (2022)

Exports from Russia () to Finland () (2022)

Latest Data

Trade between Finland () and Russia ()

Finland Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Finland than Russia were Sweden ($9.1B), Estonia ($3.58B), and Denmark ($1.54B).

In 2021, countries that imported more from Russia than Finland were China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia () and Finland () (2022)

Comparative Advantage Finland - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Russia in the exports of Metals ($733M), Machines ($550M), and Paper Goods ($131M).

During 2022, Russia had a large net trade with Finland in the exports of Mineral Products ($2.52B), Metals ($2.01B), and Chemical Products ($331M).

Service Trade

Bilateral Service Trade

Rus Year

Fin Year

In 2020, Finland exported services to Russia worth $506M, with Computer and information services ($255M), Other business services ($143M), and Transportation ($66.2M) being the largest in terms of value.

In 2020, Russia exported services to Finland worth $546M, with Construction services ($157M), Transportation ($157M), and Other business services ($126M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

Year

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 Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Russia () (2022)

Exports from Russia () to Finland () (2022)

Latest Data

Trade between Finland () and Russia ()

Finland Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Finland () (2022)

Comparative Advantage Finland - Russia

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

Product Space of Finland () and Russia () (2022)

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