Flag Finland / Sweden Flag

Exports Flag โ†’ Flag  (2018): $7.46B, Rnk 2 / 197

Top Product Flag โ†’ Flag (2018): $1.69B, Refined Petroleum

Exports Flag โ†’ Flag (2018): $9.41B, Rnk 7 / 211

Top Product Flag โ†’ Flag (2018): $1.27B, Refined Petroleum

Economic Complexity of Flag (2018): ECI 1.56, Rnk 10 / 137

Economic Complexity of Flag (2018): ECI 1.66, Rnk 7 / 137

GDP Flag (2018): $277B, CURRENT US$
Rnk 41 / 196

GDP GROWTH Flag (2008-2018): -2.74%, CURRENT US$
Rnk 172 / 196

GDP Flag (2018): $556B, CURRENT US$
Rnk 22 / 196

GDP GROWTH Flag (2008-2018): 7.89%, CURRENT US$
Rnk 149 / 196

GDP PC Flag (2018): $50,152, CURRENT US$
Rnk 16 / 196

GDP PC GROWTH Flag (2008-2018): -6.35%, CURRENT US$
Rnk 163 / 196

GDP PC Flag (2018): $54,608, CURRENT US$
Rnk 13 / 196

GDP PC GROWTH Flag (2008-2018): -2.32%, CURRENT US$
Rnk 155 / 196

Finland-Sweden: In 2018, Finland exported $7.46B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.69B), Coated Flat-Rolled Iron ($185M), and Flat Flat-Rolled Steel ($121M). During the last 23 years the exports of Finland to Sweden have increased at an annualized rate of 2.95%, from $3.82B in 1995 to $7.46B in 2018. In 2016, Finland exported services to Sweden worth $3.09B, with Other business services ($987M), Computer and information services ($541M), and Transportation ($516M) being the largest in terms of value.

Sweden-Finland: In 2018, Sweden exported $9.41B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($1.27B), Cars ($600M), and Broadcasting Equipment ($330M). During the last 23 years the exports of Sweden to Finland have increased at an annualized rate of 4.39%, from $3.51B in 1995 to $9.41B in 2018. In 2016, Sweden exported services to Finland worth $4.8B, with Other business services ($1.43B), Transportation ($1.09B), and Travel ($912M) being the largest in terms of value.

Comparison: In 2018, Finland ranked 10 in the Economic Complexity Index (ECI 1.56), and 42 in total exports ($76.8B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). In terms of GDP Per Capita, Finland was ranked 16 with a GDP Per Capita of $50,152, and Sweden was ranked 13 with a GDP Per Capita of $54,608.

Bilateral Trade by Products

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Depth
Value

In 2018, Finland exported $7.46B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.69B), Coated Flat-Rolled Iron ($185M), and Flat Flat-Rolled Steel ($121M). During the last 23 years the exports of Finland to Sweden have increased at an annualized rate of 2.95%, from $3.82B in 1995 to $7.46B in 2018.

In 2018, Sweden exported $9.41B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($1.27B), Cars ($600M), and Broadcasting Equipment ($330M). During the last 23 years the exports of Sweden to Finland have increased at an annualized rate of 4.39%, from $3.51B in 1995 to $9.41B in 2018.

Market Competitiveness

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Measure

Finland
Top Destination
: Germany, $11.1B

Sweden
Top Destination
: Germany, $17.4B

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

In 2018, countries that imported more from Finland than Sweden were Russia ($4.03B), Estonia ($1.79B), and Latvia ($732M).

In 2018, countries that imported more from Sweden than Finland were Norway ($15.2B), Denmark ($11.2B), and Germany ($17.4B).

Comparative Advantage Finland - Sweden

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Depth

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

During 2018, Finland had a large net trade with Sweden in the exports of Mineral Products ($1.89B), Metals ($1.48B), and Machines ($1.07B).

During 2018, Sweden had a large net trade with Finland in the exports of Machines ($2.41B), Mineral Products ($1.88B), and Transportation ($1.16B).

Trade Forecasts

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This section shows a forecast for total trade between Finland and Sweden. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Finland exported services to Sweden worth $3.09B, with Other business services ($987M), Computer and information services ($541M), and Transportation ($516M) being the largest in terms of value.

In 2016, Sweden exported services to Finland worth $4.8B, with Other business services ($1.43B), Transportation ($1.09B), and Travel ($912M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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