Flag Russia / Finland Flag

Exports Flag β†’ Flag  (2018): $10.3B, Rnk 13 / 187

Top Product Flag β†’ Flag (2018): $4.95B, Crude Petroleum

Exports Flag β†’ Flag (2018): $4.03B, Rnk 6 / 197

Top Product Flag β†’ Flag (2018): $290M, Kaolin Coated Paper

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI 1.56, Rnk 10 / 137

Russia-Finland: In 2018, Russia exported $10.3B to Finland. The main products exported from Russia to Finland were Crude Petroleum ($4.95B), Nickel Mattes ($804M), and Refined Petroleum ($783M). During the last 23 years the exports of Russia to Finland have increased at an annualized rate of 7.54%, from $1.94B in 1995 to $10.3B in 2018. In 2018, Russia exported services to Finland worth $791M, with Transportation ($283M), Travel ($234M), and Other business services ($145M) being the largest in terms of value.

Finland-Russia: In 2018, Finland exported $4.03B to Russia. The main products exported from Finland to Russia were Kaolin Coated Paper ($290M), Refined Petroleum ($228M), and Cars ($177M). During the last 23 years the exports of Finland to Russia have increased at an annualized rate of 3.28%, from $1.92B in 1995 to $4.03B in 2018. In 2017, Finland exported services to Russia worth $634M, with Travel ($634M) being the largest in terms of value.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Finland ranked 10 in the Economic Complexity Index (ECI 1.56), and 42 in total exports ($76.8B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $10.3B to Finland. The main products exported from Russia to Finland were Crude Petroleum ($4.95B), Nickel Mattes ($804M), and Refined Petroleum ($783M). During the last 23 years the exports of Russia to Finland have increased at an annualized rate of 7.54%, from $1.94B in 1995 to $10.3B in 2018.

In 2018, Finland exported $4.03B to Russia. The main products exported from Finland to Russia were Kaolin Coated Paper ($290M), Refined Petroleum ($228M), and Cars ($177M). During the last 23 years the exports of Finland to Russia have increased at an annualized rate of 3.28%, from $1.92B in 1995 to $4.03B in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Finland
Top Destination
: Germany, $11.1B

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 2018, countries that imported more from Russia than Finland were China ($55.2B), Netherlands ($41B), and Belarus ($21.6B).

In 2018, countries that imported more from Finland than Russia were Sweden ($7.46B), Australia ($834M), and Norway ($1.97B).

Comparative Advantage Russia - Finland

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Depth

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

During 2018, Russia had a large net trade with Finland in the exports of Mineral Products ($6.23B), Metals ($1.61B), and Chemical Products ($1.4B).

During 2018, Finland had a large net trade with Russia in the exports of Machines ($1.31B), Transportation ($543M), and Paper Goods ($494M).

Tariff Section

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This sections shows import tariffs for products traded between Russia and Finland (using the HS6 product classification and the last year reported).

In 2018, the products from Russia that paid the highest import tariffs to enter Finland were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2017, the products from Finland that paid the highest import tariffs to enter Russia were Sugar beet (178%) and Whey (173%).

Explore Tariff Data

*The tariffs present between Russia and Finland are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Russia and Finland. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2018, Russia exported services to Finland worth $791M, with Transportation ($283M), Travel ($234M), and Other business services ($145M) being the largest in terms of value.

In 2017, Finland exported services to Russia worth $634M, with Travel ($634M) 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 red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Finland. Similarly, the more red a dot/product is, the more Finland has comparative advantage over Russia.