2021
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GDP
$1.84TCURRENT US$
Rnk 10 / 204
2011-2021
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GDP GROWTH
-10.2%CURRENT US$
Rnk 187 / 204
2021
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 GDP
$296BCURRENT US$
Rnk 45 / 204
2011-2021
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GDP GROWTH
7.54%CURRENT US$
Rnk 152 / 204
2021
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GDP PC 
$12,593CURRENT US$
Rnk 76 / 204
2011-2021
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GDP PC GROWTH
-12%CURRENT US$
Rnk 170 / 204
2021
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GDP PC
$53,490CURRENT US$
Rnk 22 / 204
2011-2021
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GDP PC GROWTH
4.58%CURRENT US$
Rnk 131 / 204

About

Russia-Finland In 2021, Russia exported $8.93B to Finland. The main products that Russia exported to Finland are Crude Petroleum ($3.05B), Nickel Mattes ($1.03B), and Refined Petroleum ($723M). During the last 26 years the exports of Russia to Finland have increased at an annualized rate of 6.04%, from $1.94B in 1995 to $8.93B in 2021.

In 2020, Russia exported services to Finland worth $546M, with Construction services ($157M), Transportation ($157M), and Other business services ($126M) being the largest in terms of value.

Finland-Russia In 2021, Finland exported $4.36B to Russia. The main products that Finland exported to Russia were Precipitated Copper ($474M), Refined Petroleum ($330M), and Kaolin Coated Paper ($303M). During the last 26 years the exports of Finland to Russia have increased at an annualized rate of 3.21%, from $1.92B in 1995 to $4.36B in 2021.

In 2020, Finland exported services to Russia worth $506M, with Computer and information services ($255M), Other business services ($143M), and Transportation ($66.2M) being the largest in terms of value.

Comparison In 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). 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, Russia exported $8.93B to Finland. The main products exported from Russia to Finland were Crude Petroleum ($3.05B), Nickel Mattes ($1.03B), and Refined Petroleum ($723M). During the last 26 years the exports of Russia to Finland have increased at an annualized rate of 6.04%, from $1.94B in 1995 to $8.93B in 2021.

In 2021, Finland exported $4.36B to Russia. The main products exported from Finland to Russia were Precipitated Copper ($474M), Refined Petroleum ($330M), and Kaolin Coated Paper ($303M). During the last 26 years the exports of Finland to Russia have increased at an annualized rate of 3.21%, from $1.92B in 1995 to $4.36B in 2021.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$70.9B
Finland
Top Destination
Germany$10.4B

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

In 2021, countries that imported more from Russia than Finland were China ($70.9B), Netherlands ($39B), and United Kingdom ($24.7B).

In 2021, countries that imported more from Finland than Russia were Sweden ($7.85B), Australia ($936M), and Ireland ($831M).

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

Comparative Advantage Russia - Finland

Flow
Scale

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

During 2021, Russia had a large net trade with Finland in the exports of Mineral Products ($4.87B), Chemical Products ($1.5B), and Metals ($1.41B).

During 2021, Finland had a large net trade with Russia in the exports of Machines ($1.26B), Metals ($704M), and Paper Goods ($552M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Finland worth $546M, with Construction services ($157M), Transportation ($157M), and Other business services ($126M) being the largest in terms of value.

In 2020, Finland exported services to Russia worth $506M, with Computer and information services ($255M), Other business services ($143M), and Transportation ($66.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (Flag) to Russia (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 Russia has comparative advantage over Finland. Similarly, the more yellow a dot/product is, the more Finland has comparative advantage over Russia.

Product Space of Russia (Flag) and Finland (Flag) (2021)

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