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2022
Flag → Flag
Exports $536MRnk 24 / 208
2022
Flag → Flag
Top Product $151MCopper Ore
2022
Flag → Flag
Exports $311MRnk 39 / 207
2022
Flag → Flag
Top Product $36.5MLarge Flat-Rolled Stainless Steel
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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 $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 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

Portugal-Finland Trade: In 2022, Portugal exported $536M to Finland. The main products that Portugal exported to Finland were Copper Ore ($151M), Zinc Ore ($133M), and Raw Iron Bars ($17.6M). Over the past 5 years the exports of Portugal to Finland have increased at an annualized rate of 13.2%, from $288M in 2017 to $536M in 2022.

In 2020, Portugal exported services to Finland worth $29.7M, with Travel ($29.7M) being the largest in terms of value.

Finland-Portugal Trade: In 2022, Finland exported $311M to Portugal. The main products that Finland exported to Portugal were Large Flat-Rolled Stainless Steel ($36.5M), Rosin ($26.1M), and Sulfate Chemical Woodpulp ($24.8M). Over the past 5 years the exports of Finland to Portugal have increased at an annualized rate of 6.91%,  from $223M in 2017 to $311M in 2022.

In 2020, Finland exported services to Portugal worth $51.4M, with Computer and information services ($20.6M), Other business services ($19.4M), and Transportation ($5.71M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €96.2M and imported €47.1M from Finland, resulting in a positive trade balance of €49.1M. Between September 2023 and September 2024 the exports of Portugal have increased by €69.3M (258%) from €26.9M to €96.2M, while imports increased by €22.1M (88.7%) from €25M to €47.1M.

Trade In September 2024, the top exports of Portugal to Finland were Ores, slag and ash (€5.64M), Iron & steel (€3.85M), Machinery, mechanical appliances, & parts (€2.17M), Knitted clothing accesories (€1.82M), and Beverages, spirits, & vinegar (€1.02M). In September 2024 the top imports of Portugal from Finland were Chemical products n.e.s. (€4.9M), Machinery, mechanical appliances, & parts (€4.3M), Paper articles (€3.17M), Iron & steel (€2.24M), and Electrical machinery and electronics (€1.39M).

Growth In September 2024, the increase in Portugal's year-by-year exports to Finland was explained primarily by an increase in product exports in Iron & steel (€3.8M or 7.78k%), Machinery, mechanical appliances, & parts (€1.79M or 474%), and Rubber & articles thereof (€833k or 574%). In September 2024, the increase in Portugal's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Chemical products n.e.s. (€2.7M or 123%), Machinery, mechanical appliances, & parts (€2.58M or 151%), and Paper articles (€1.52M or 92%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€69.3M(258%)
IMPORT GROWTH (September 2023 - September 2024)€22.1M(88.7%)

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

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

For full datasets download visit Bulk Download page.

Explore Finland and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $536M to Finland. The main products exported from Portugal to Finland were Copper Ore ($151M), Zinc Ore ($133M), and Raw Iron Bars ($17.6M). During the last 5 years the exports of Portugal to Finland have increased at an annualized rate of 13.2%, from $288M in 2017 to $536M in 2022.

In 2017, Finland exported $311M to Portugal. The main products exported from Finland to Portugal were Large Flat-Rolled Stainless Steel ($36.5M), Rosin ($26.1M), and Sulfate Chemical Woodpulp ($24.8M). During the last 5 years the exports of Finland to Portugal have increased at an annualized rate of 6.91%, from $223M in 2022 to $311M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Portugal than Finland included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2022, countries that imported more from Finland than Portugal included Sweden ($9.1B), China ($4.94B), and United States ($9.17B).

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

Comparative Advantage Portugal - Finland

Flow
Scale

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

During 2022, Portugal had a large net trade with Finland in the exports of Mineral Products ($288M), Textiles ($43.6M), and Metals ($43.5M).

During 2017, Finland had a large net trade with Portugal in the exports of Machines ($70.4M), Metals ($58.7M), and Paper Goods ($58.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Finland+$14.3MCars
Top Product Potential Finland Portugal+$4.94MKaolin Coated Paper

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, Portugal exported services to Finland worth $29.7M, with Travel ($29.7M) being the largest in terms of value.

In 2020, Finland exported services to Portugal worth $51.4M, with Computer and information services ($20.6M), Other business services ($19.4M), and Transportation ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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