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Pricing

2022
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Exports $2.41BRnk 44 / 221
2022
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Top Product $111MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $2.65BRnk 10 / 207
2022
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Top Product $394MLarge Flat-Rolled Stainless Steel
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.39Rnk 11 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Italy-Finland In 2022, Italy exported $2.41B to Finland. The main products that Italy exported to Finland are Motor vehicles; parts and accessories (8701 to 8705) ($111M), Packaged Medicaments ($91.1M), and Valves ($65.3M). During the last 27 years the exports of Italy to Finland have increased at an annualized rate of 2.96%, from $1.1B in 1995 to $2.41B in 2022.

In 2020, Italy exported services to Finland worth $503M, with Other business services ($403M), Travel ($49.2M), and Transportation ($13.7M) being the largest in terms of value.

Finland-Italy In 2022, Finland exported $2.65B to Italy. The main products that Finland exported to Italy were Large Flat-Rolled Stainless Steel ($394M), Refined Copper ($157M), and Kaolin Coated Paper ($135M). During the last 27 years the exports of Finland to Italy have increased at an annualized rate of 2.91%, from $1.22B in 1995 to $2.65B in 2022.

In 2020, Finland exported services to Italy worth $428M, with Computer and information services ($250M), Other business services ($76.5M), and Transportation ($46.8M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €103M and imported €199M from Finland, resulting in a negative trade balance of €96.3M. Between December 2022 and December 2023 the exports of Italy have increased by €5.62M (5.76%) from €97.6M to €103M, while imports increased by €10.1M (5.31%) from €189M to €199M.

Trade In December 2023, the top exports of Italy to Finland were Blank Audio Media (€11.2M), Motor vehicles; parts and accessories (8701... (€7.75M), Packaged Medicaments (€5.2M), Valves (€5.16M), and Broadcasting Equipment (€4.38M). In December 2023 the top imports of Italy from Finland were Large Flat-Rolled Stainless Steel (€35.3M), Sulfate Chemical Woodpulp (€17.4M), Kaolin Coated Paper (€11.2M), Kraft Paper (€10.7M), and Flat Flat-Rolled Steel (€9.78M).

Growth In December 2023, the increase in Italy's year-by-year exports to Finland was explained primarily by an increase in product exports in Motor vehicles; parts and accessories (8701... (€2.27M or 41.5%), Air Pumps (€1.95M or 190%), and Engine Parts (€1.84M or 251%). In December 2023, the increase in Italy's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Large Flat-Rolled Stainless Steel (€18.5M or 110%), Sulfate Chemical Woodpulp (€8.08M or 86.5%), and Sawn Wood (€5.44M or 131%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€5.62M(5.76%)
IMPORT GROWTH (December 2022 - December 2023)€10.1M(5.31%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Finland and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $2.41B to Finland. The main products exported from Italy to Finland were Motor vehicles; parts and accessories (8701 to 8705) ($111M), Packaged Medicaments ($91.1M), and Valves ($65.3M). During the last 27 years the exports of Italy to Finland have increased at an annualized rate of 2.96%, from $1.1B in 1995 to $2.41B in 2022.

In 2022, Finland exported $2.65B to Italy. The main products exported from Finland to Italy were Large Flat-Rolled Stainless Steel ($394M), Refined Copper ($157M), and Kaolin Coated Paper ($135M). During the last 27 years the exports of Finland to Italy have increased at an annualized rate of 2.91%, from $1.22B in 1995 to $2.65B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Finland
Top DestinationGermany$9.99B

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

In 2021, countries that imported more from Italy than Finland were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Finland than Italy were Estonia ($3.58B), Sweden ($9.1B), and Latvia ($903M).

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

Comparative Advantage Italy - Finland

Flow
Scale

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

During 2022, Italy had a large net trade with Finland in the exports of Machines ($873M), Metals ($323M), and Transportation ($201M).

During 2022, Finland had a large net trade with Italy in the exports of Metals ($857M), Machines ($655M), and Paper Goods ($546M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Finland worth $503M, with Other business services ($403M), Travel ($49.2M), and Transportation ($13.7M) being the largest in terms of value.

In 2020, Finland exported services to Italy worth $428M, with Computer and information services ($250M), Other business services ($76.5M), and Transportation ($46.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to Finland (Flag) (2020)

Services Exports from Finland (Flag) to Italy (Flag) (2020)

Economic Complexity

Competitive Landscape

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

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

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