2021
Flag  
GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
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GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 204
2021
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 GDP
$296BCURRENT US$
Rnk 45 / 204
2011-2021
Flag
GDP GROWTH
7.54%CURRENT US$
Rnk 152 / 204
2021
Flag
GDP PC 
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 204
2021
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GDP PC
$53,490CURRENT US$
Rnk 22 / 204
2011-2021
Flag
GDP PC GROWTH
4.58%CURRENT US$
Rnk 131 / 204

About

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

Bilateral Trade by Products

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.

Exports from Italy (Flag) to Finland (Flag) (2021)

Exports from Finland (Flag) to Italy (Flag) (2021)

Market Competitiveness

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).

Difference in imports from Finland (Flag) and Italy (Flag) (2021)

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 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).

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) (2021)

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