2023
Flag  
GDP
$62.3MCURRENT US$
Rnk 195 / 195
2013-2023
Flag
GDP GROWTH
61.3%CURRENT US$
Rnk 52 / 195
2023
Flag
 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC 
$6,345CURRENT US$
Rnk 110 / 195
2013-2023
Flag
GDP PC GROWTH
80.8%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Tuvalu-Finland Trade: In 2023, Tuvalu exported $21 to Finland. The main products that Tuvalu exported to Finland were Leather Footwear ($21). Over the past 12 years the exports of Tuvalu to Finland have decreased at an annualized rate of 27.1%, from $932 in 2011 to $21 in 2023.

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

Finland-Tuvalu Trade: In 2023, Finland exported $55.5k to Tuvalu. The main products that Finland exported to Tuvalu were Surveying Equipment ($52.3k) and Audio Alarms ($3.18k). Over the past 12 years the exports of Finland to Tuvalu have increased at an annualized rate of 2.38%,  from $49.3k in 2011 to $55.5k in 2023.

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

Comparison In 2023,  Tuvalu ranked 204 in total exports ($52.3M), and does not have data regarding Economic Complexity Index. That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Tuvalu exported $21 to Finland. The main products exported from Tuvalu to Finland were Leather Footwear ($21). During the last 12 years the exports of Tuvalu to Finland have decreased at an annualized rate of 27.1%, from $932 in 2011 to $21 in 2023.

In 2018, Finland exported $55.5k to Tuvalu. The main products exported from Finland to Tuvalu were Surveying Equipment ($52.3k) and Audio Alarms ($3.18k). During the last 5 years the exports of Finland to Tuvalu have increased at an annualized rate of 2.38%, from $49.3k in 2023 to $55.5k in 2018.

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

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

Latest Data

Trade between Tuvalu (Flag) and Finland (Flag)

Finland Exports

Market Competitiveness

Color
Tuvalu
Top Destination
Thailand$45.9M
Finland
Top Destination
United States$9.68B

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

In 2023, no countries were registered that imported more from Tuvalu than from Finland.

In 2023, countries that imported more from Finland than Tuvalu included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

Comparative Advantage Tuvalu - Finland

Flow
Scale

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

During 2023, Tuvalu had a large net trade with Finland in the exports of Footwear and Headwear ($21).

During 2018, Finland had a large net trade with Tuvalu in the exports of Instruments ($52.3k) and Machines ($3.18k).

Economic Complexity

Competitive Landscape

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

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

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