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2023
Flag → Flag
Exports $243MRnk 47 / 206
2023
Flag → Flag
Top Product $27.3MRefined Petroleum
2023
Flag → Flag
Exports $93.7MRnk 52 / 193
2023
Flag → Flag
Top Product $27.3MIron Ore
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Finland-Ukraine Trade: In 2023, Finland exported $243M to Ukraine. The main products that Finland exported to Ukraine were Refined Petroleum ($27.3M), Kaolin Coated Paper ($25.2M), and Flat Flat-Rolled Steel ($22.1M). Over the past 5 years the exports of Finland to Ukraine have decreased at an annualized rate of 5.9%, from $330M in 2018 to $243M in 2023.

In 2003, Finland exported services to Ukraine worth $5.05M, with Transportation ($2.53M) and Services not allocated ($2.53M) being the largest in terms of value.

Ukraine-Finland Trade: In 2023, Ukraine exported $93.7M to Finland. The main products that Ukraine exported to Finland were Iron Ore ($27.3M), Raw Furskins ($8.13M), and Excavation Machinery ($3.83M). Over the past 5 years the exports of Ukraine to Finland have decreased at an annualized rate of 2.76%,  from $108M in 2018 to $93.7M in 2023.

In 2023, Ukraine did not export any services to Finland.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $243M to Ukraine. The main products exported from Finland to Ukraine were Refined Petroleum ($27.3M), Kaolin Coated Paper ($25.2M), and Flat Flat-Rolled Steel ($22.1M). During the last 5 years the exports of Finland to Ukraine have decreased at an annualized rate of 5.9%, from $330M in 2018 to $243M in 2023.

In 2018, Ukraine exported $93.7M to Finland. The main products exported from Ukraine to Finland were Iron Ore ($27.3M), Raw Furskins ($8.13M), and Excavation Machinery ($3.83M). During the last 5 years the exports of Ukraine to Finland have decreased at an annualized rate of 2.76%, from $108M in 2023 to $93.7M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Ukraine (Flag)

Finland Exports

Ukraine Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Finland than Ukraine included United States ($9.68B), Sweden ($8.13B), and Germany ($9.26B).

In 2023, countries that imported more from Ukraine than Finland included Romania ($3.56B), Poland ($4.83B), and Turkey ($2.88B).

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

Comparative Advantage Finland - Ukraine

Flow
Scale

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

During 2023, Finland had a large net trade with Ukraine in the exports of Paper Goods ($63M), Metals ($33.4M), and Chemical Products ($31.7M).

During 2018, Ukraine had a large net trade with Finland in the exports of Mineral Products ($27.3M), Textiles ($11.7M), and Metals ($10.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Ukraine+$23.4MRefined Petroleum
Top Product Potential Ukraine Finland+$3.21MFerroalloys

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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Economic Complexity

Competitive Landscape

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

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

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