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2023
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Exports $847MRnk 53 / 211
2023
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Top Product $260MCars
2023
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Exports $1.61BRnk 14 / 206
2023
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Top Product $179MSawn Wood
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Japan-Finland Trade: In 2023, Japan exported $847M to Finland. The main products that Japan exported to Finland were Cars ($260M), Large Construction Vehicles ($51.9M), and Industrial Printers ($23.4M). Over the past 5 years the exports of Japan to Finland have increased at an annualized rate of 0.26%, from $836M in 2018 to $847M in 2023.

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

Finland-Japan Trade: In 2023, Finland exported $1.61B to Japan. The main products that Finland exported to Japan were Sawn Wood ($179M), Nickel Mattes ($169M), and Cobalt ($129M). Over the past 5 years the exports of Finland to Japan have decreased at an annualized rate of 3.13%,  from $1.89B in 2018 to $1.61B in 2023.

In 2020, Finland exported services to Japan worth $768M, with Computer and information services ($473M), Other business services ($145M), and Transportation ($85.7M) being the largest in terms of value.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥3.98B and imported ¥14.9B from Finland, resulting in a negative trade balance of ¥10.9B. Between November 2023 and November 2024 the exports of Japan have increased by ¥194M (5.13%) from ¥3.78B to ¥3.98B, while imports decreased by ¥-10.1B (-40.3%) from ¥25B to ¥14.9B.

Trade In November 2024, the top exports of Japan to Finland were Cars (¥2.16B), Machines and apparatus of a kind... (¥305M), Large Construction Vehicles (¥234M), Rubber Tires (¥207M), and Commodities not elsewhere specified (¥199M). In November 2024 the top imports of Japan from Finland were Cobalt (¥3.92B), Nickel Mattes (¥2.29B), Sawn Wood (¥1.92B), Wood Carpentry (¥1.52B), and Sulfates (¥1.11B).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥1.71B), Tokyo (¥406M), Osaka (¥391M), Chiba (¥380M), and Hyōgo (¥306M), while imports destinations were mainly Osaka (¥3.72B), Hyōgo (¥2.41B), Tokyo (¥2.4B), Chiba (¥1.59B), and Aichi (¥1.08B).

Growth In November 2024, the increase in Japan's year-by-year exports to Finland was explained primarily by an increase in product exports in Cars (¥1.37B or 173%), Machines and apparatus of a kind... (¥187M or 158%), and Large Construction Vehicles (¥165M or 240%). In November 2024, the decrease in Japan's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in Sawn Wood (¥-4B or -67.6%), Wood Carpentry (¥-3.44B or -69.4%), and Sulfates (¥-1.72B or -60.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥194M(5.13%)
IMPORT GROWTH (November 2023 - November 2024)¥-10.1B(-40.3%)
MAIN EXPORTER (November 2024)Aichi¥1.71B

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

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

For full datasets download visit Bulk Download page.

Explore Finland and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $847M to Finland. The main products exported from Japan to Finland were Cars ($260M), Large Construction Vehicles ($51.9M), and Industrial Printers ($23.4M). During the last 5 years the exports of Japan to Finland have increased at an annualized rate of 0.26%, from $836M in 2018 to $847M in 2023.

In 2018, Finland exported $1.61B to Japan. The main products exported from Finland to Japan were Sawn Wood ($179M), Nickel Mattes ($169M), and Cobalt ($129M). During the last 5 years the exports of Finland to Japan have decreased at an annualized rate of 3.13%, from $1.89B in 2023 to $1.61B in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Japan than Finland included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Finland than Japan included Sweden ($8.13B), Estonia ($2.4B), and Latvia ($1.1B).

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

Comparative Advantage Japan - Finland

Flow
Scale

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

During 2023, Japan had a large net trade with Finland in the exports of Machines ($326M), Transportation ($309M), and Instruments ($55.4M).

During 2018, Finland had a large net trade with Japan in the exports of Metals ($343M), Wood Products ($306M), and Machines ($280M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Finland+$102MCars
Top Product Potential Finland Japan+$46.1MCars

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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Bilateral Service Trade

In 2020, Finland exported services to Japan worth $768M, with Computer and information services ($473M), Other business services ($145M), and Transportation ($85.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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