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Pricing

2022
Flag → Flag
Exports $596kRnk 90 / 160
2022
Flag → Flag
Top Product $400kChemical Analysis Instruments
2022
Flag → Flag
Exports $16.9MRnk 102 / 207
2022
Flag → Flag
Top Product $4.22MOther Construction Vehicles
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
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GDP GROWTH56.8%CURRENT US$
Rnk 44 / 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 $1,599CURRENT US$
Rnk 154 / 186
2012-2022
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GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 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

Senegal-Finland Trade: In 2022, Senegal exported $596k to Finland. The main products that Senegal exported to Finland were Chemical Analysis Instruments ($400k), Tomatoes ($114k), and Legumes ($9.36k). Over the past 5 years the exports of Senegal to Finland have decreased at an annualized rate of 4.77%, from $761k in 2017 to $596k in 2022.

In 2022, Senegal did not export any services to Finland.

Finland-Senegal Trade: In 2022, Finland exported $16.9M to Senegal. The main products that Finland exported to Senegal were Other Construction Vehicles ($4.22M), Large Construction Vehicles ($1.27M), and Delivery Trucks ($1.21M). Over the past 5 years the exports of Finland to Senegal have decreased at an annualized rate of 3.62%,  from $20.3M in 2017 to $16.9M in 2022.

In 2022, Finland did not export any services to Senegal.

Comparison: In 2022,  Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Senegal exported $596k to Finland. The main products exported from Senegal to Finland were Chemical Analysis Instruments ($400k), Tomatoes ($114k), and Legumes ($9.36k). During the last 5 years the exports of Senegal to Finland have decreased at an annualized rate of 4.77%, from $761k in 2017 to $596k in 2022.

In 2017, Finland exported $16.9M to Senegal. The main products exported from Finland to Senegal were Other Construction Vehicles ($4.22M), Large Construction Vehicles ($1.27M), and Delivery Trucks ($1.21M). During the last 5 years the exports of Finland to Senegal have decreased at an annualized rate of 3.62%, from $20.3M in 2022 to $16.9M in 2017.

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

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

Latest Data

Trade between Senegal (Flag) and Finland (Flag)

Senegal Exports

Finland Exports

Market Competitiveness

Color
Senegal
Top DestinationMali$1.13B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Senegal than Finland included Mali ($1.13B), Guinea ($182M), and Gambia ($177M).

In 2022, countries that imported more from Finland than Senegal included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Senegal - Finland

Flow
Scale

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

During 2022, Senegal had a large net trade with Finland in the exports of Instruments ($404k), Vegetable Products ($144k), and Machines ($25.9k).

During 2017, Finland had a large net trade with Senegal in the exports of Machines ($10.9M), Paper Goods ($2.69M), and Transportation ($1.28M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Senegal Finland+$82.6kTomatoes
Top Product Potential Finland Senegal+$779kTelephones

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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Economic Complexity

Competitive Landscape

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

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

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