Flag Italy / Finland Flag

2021
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Exports
: $2.23B, Rnk 45 / 221

2021
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Top Product
: $85.7M, Motor vehicles; parts and accessories (8701 to 8705)

2021
FlagFlag
Exports
: $3.5B, Rnk 7 / 209

2021
FlagFlag
Top Product
: $1.12B, Passenger and Cargo Ships

2021
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Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

2021
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Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 131

2021
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GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
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GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

2021
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 GDP
: $299B, CURRENT US$
Rnk 43 / 182

2011-2021
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GDP GROWTH
: 8.55%, CURRENT US$
Rnk 136 / 182

2021
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GDP PC 
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

2021
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GDP PC
: $53,983, CURRENT US$
Rnk 14 / 182

2011-2021
Flag
GDP PC GROWTH
: 5.54%, CURRENT US$
Rnk 114 / 182

Italy-Finland In 2021, Italy exported $2.23B to Finland. The main products that Italy exported to Finland are Motor vehicles; parts and accessories (8701 to 8705) ($85.7M), Packaged Medicaments ($73.2M), and Valves ($57.7M). During the last 26 years the exports of Italy to Finland have increased at an annualized rate of 2.78%, from $1.1B in 1995 to $2.23B in 2021.

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 2021, Finland exported $3.5B to Italy. The main products that Finland exported to Italy were Passenger and Cargo Ships ($1.12B), Large Flat-Rolled Stainless Steel ($308M), and Refined Copper ($195M). During the last 26 years the exports of Finland to Italy have increased at an annualized rate of 4.11%, from $1.23B in 1995 to $3.5B in 2021.

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 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.42), and 43 in total exports ($83.1B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Italy exported $2.23B to Finland. The main products exported from Italy to Finland were Motor vehicles; parts and accessories (8701 to 8705) ($85.7M), Packaged Medicaments ($73.2M), and Valves ($57.7M). During the last 26 years the exports of Italy to Finland have increased at an annualized rate of 2.78%, from $1.1B in 1995 to $2.23B in 2021.

In 2021, Finland exported $3.5B to Italy. The main products exported from Finland to Italy were Passenger and Cargo Ships ($1.12B), Large Flat-Rolled Stainless Steel ($308M), and Refined Copper ($195M). During the last 26 years the exports of Finland to Italy have increased at an annualized rate of 4.11%, from $1.23B in 1995 to $3.5B in 2021.

Finland Exports

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Market Competitiveness

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Color

Italy
Top Destination
: Germany, $78.4B

Finland
Top Destination
: Germany, $10.4B

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 ($78.4B), France ($61.6B), and United States ($58.1B).

In 2021, countries that imported more from Finland than Italy were Estonia ($2.6B), Sweden ($7.85B), and Uruguay ($299M).

Comparative Advantage Italy - Finland

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Flow
Scale

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

During 2021, Italy had a large net trade with Finland in the exports of Machines ($796M), Metals ($269M), and Chemical Products ($202M).

During 2021, Finland had a large net trade with Italy in the exports of Transportation ($1.21B), Metals ($831M), and Machines ($588M).

Bilateral Service Trade

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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.

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 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.