2022
Flag  
GDP
$389BCURRENT US$
Rnk 40 / 186
2012-2022
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GDP GROWTH
-39.7%CURRENT US$
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2022
Flag
 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC 
$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH
-47.3%CURRENT US$
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2022
Flag
GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Iran-Finland Trade: In 2022, Iran exported $3.05M to Finland. The main products that Iran exported to Finland were Tropical Fruits ($948k), Styrene Polymers ($620k), and Packing Bags ($490k). Over the past 5 years the exports of Iran to Finland have increased at an annualized rate of 6.41%, from $2.24M in 2017 to $3.05M in 2022.

In 2022, Iran did not export any services to Finland.

Finland-Iran Trade: In 2022, Finland exported $1.46M to Iran. The main products that Finland exported to Iran were Orthopedic Appliances ($450k), Sawn Wood ($367k), and Other Plastic Products ($321k). Over the past 5 years the exports of Finland to Iran have decreased at an annualized rate of 60%,  from $142M in 2017 to $1.46M in 2022.

In 2022, Finland did not export any services to Iran.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $3.05M to Finland. The main products exported from Iran to Finland were Tropical Fruits ($948k), Styrene Polymers ($620k), and Packing Bags ($490k). During the last 5 years the exports of Iran to Finland have increased at an annualized rate of 6.41%, from $2.24M in 2017 to $3.05M in 2022.

In 2017, Finland exported $1.46M to Iran. The main products exported from Finland to Iran were Orthopedic Appliances ($450k), Sawn Wood ($367k), and Other Plastic Products ($321k). During the last 5 years the exports of Finland to Iran have decreased at an annualized rate of 60%, from $142M in 2022 to $1.46M in 2017.

Exports from Iran (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Iran (Flag) (2022)

Latest Data

Trade between Iran (Flag) and Finland (Flag)

Finland Exports

Market Competitiveness

Color
Iran
Top Destination
China$5.72B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Iran than Finland included Turkey ($3.17B), Kuwait ($960M), and China ($5.72B).

In 2022, countries that imported more from Finland than Iran included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

Difference in imports from Finland (Flag) and Iran (Flag) (2022)

Comparative Advantage Iran - Finland

Flow
Scale

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

During 2022, Iran had a large net trade with Finland in the exports of Vegetable Products ($1.05M), Textiles ($921k), and Plastics and Rubbers ($633k).

During 2017, Finland had a large net trade with Iran in the exports of Instruments ($470k), Wood Products ($367k), and Plastics and Rubbers ($321k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Finland+$617kStyrene Polymers
Top Product Potential Finland Iran+$643kSawn Wood

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 Iran and Finland. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Iran.

Product Space of Iran (Flag) and Finland (Flag) (2022)

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