2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP
$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH
16.8%CURRENT US$
Rnk 149 / 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
$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH
4.19%CURRENT US$
Rnk 147 / 195

About

Finland-Turkey Trade: In 2023, Finland exported $1.59B to Turkey. The main products that Finland exported to Turkey were Scrap Iron ($196M), Sulfate Chemical Woodpulp ($148M), and Papermaking Machines ($142M). Over the past 5 years the exports of Finland to Turkey have increased at an annualized rate of 9.38%, from $1.02B in 2018 to $1.59B in 2023.

In 2020, Finland exported services to Turkey worth $175M, with Computer and information services ($146M), Other business services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Turkey-Finland Trade: In 2023, Turkey exported $1.03B to Finland. The main products that Turkey exported to Finland were Iron Structures ($170M), Other Engines ($85.1M), and Cars ($62M). Over the past 5 years the exports of Turkey to Finland have increased at an annualized rate of 10.2%,  from $631M in 2018 to $1.03B in 2023.

In 2009, Turkey exported services to Finland worth $0, with 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $1.59B to Turkey. The main products exported from Finland to Turkey were Scrap Iron ($196M), Sulfate Chemical Woodpulp ($148M), and Papermaking Machines ($142M). During the last 5 years the exports of Finland to Turkey have increased at an annualized rate of 9.38%, from $1.02B in 2018 to $1.59B in 2023.

In 2018, Turkey exported $1.03B to Finland. The main products exported from Turkey to Finland were Iron Structures ($170M), Other Engines ($85.1M), and Cars ($62M). During the last 5 years the exports of Turkey to Finland have increased at an annualized rate of 10.2%, from $631M in 2023 to $1.03B in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Turkey (Flag)

Finland Exports

Turkey Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Turkey
Top Destination
Germany$24.7B

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

In 2023, countries that imported more from Finland than Turkey included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

In 2023, countries that imported more from Turkey than Finland included Germany ($24.7B), United Arab Emirates ($14.7B), and Iraq ($12.8B).

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

Comparative Advantage Finland - Turkey

Flow
Scale

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

During 2023, Finland had a large net trade with Turkey in the exports of Machines ($550M), Paper Goods ($392M), and Metals ($338M).

During 2018, Turkey had a large net trade with Finland in the exports of Metals ($265M), Machines ($253M), and Transportation ($168M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Turkey+$27.6MRefined Petroleum
Top Product Potential Turkey Finland+$27.8MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with