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2023
Flag → Flag
Exports $93.7MRnk 52 / 193
2023
Flag → Flag
Top Product $27.3MIron Ore
2023
Flag → Flag
Exports $243MRnk 47 / 206
2023
Flag → Flag
Top Product $27.3MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC $5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Ukraine-Finland Trade: In 2023, Ukraine exported $93.7M to Finland. The main products that Ukraine exported to Finland were Iron Ore ($27.3M), Raw Furskins ($8.13M), and Excavation Machinery ($3.83M). Over the past 5 years the exports of Ukraine to Finland have decreased at an annualized rate of 2.76%, from $108M in 2018 to $93.7M in 2023.

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

Finland-Ukraine Trade: In 2023, Finland exported $243M to Ukraine. The main products that Finland exported to Ukraine were Refined Petroleum ($27.3M), Kaolin Coated Paper ($25.2M), and Flat Flat-Rolled Steel ($22.1M). Over the past 5 years the exports of Finland to Ukraine have decreased at an annualized rate of 5.9%,  from $330M in 2018 to $243M in 2023.

In 2003, Finland exported services to Ukraine worth $5.05M, with Transportation ($2.53M) and Services not allocated ($2.53M) being the largest in terms of value.

Comparison: In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). 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, Ukraine exported $93.7M to Finland. The main products exported from Ukraine to Finland were Iron Ore ($27.3M), Raw Furskins ($8.13M), and Excavation Machinery ($3.83M). During the last 5 years the exports of Ukraine to Finland have decreased at an annualized rate of 2.76%, from $108M in 2018 to $93.7M in 2023.

In 2018, Finland exported $243M to Ukraine. The main products exported from Finland to Ukraine were Refined Petroleum ($27.3M), Kaolin Coated Paper ($25.2M), and Flat Flat-Rolled Steel ($22.1M). During the last 5 years the exports of Finland to Ukraine have decreased at an annualized rate of 5.9%, from $330M in 2023 to $243M in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and Finland (Flag)

Ukraine Exports

Finland Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$4.83B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Ukraine than Finland included Romania ($3.56B), Poland ($4.83B), and Turkey ($2.88B).

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

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

Comparative Advantage Ukraine - Finland

Flow
Scale

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

During 2023, Ukraine had a large net trade with Finland in the exports of Mineral Products ($27.3M), Textiles ($11.7M), and Metals ($10.6M).

During 2018, Finland had a large net trade with Ukraine in the exports of Paper Goods ($63M), Metals ($33.4M), and Chemical Products ($31.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Finland+$3.21MFerroalloys
Top Product Potential Finland Ukraine+$23.4MRefined Petroleum

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 Ukraine and Finland. This means that a dot/product with the flag of Ukraine indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Ukraine.

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

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