Flag United States / Finland Flag

Exports Flag β†’ Flag  (2018): $2.12B, Rnk 60 / 215

Top Product Flag β†’ Flag (2018): $116M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $5.93B, Rnk 3 / 197

Top Product Flag β†’ Flag (2018): $686M, Medical Instruments

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

United States-Finland: In 2018, United States exported $2.12B to Finland. The main products exported from United States to Finland were Broadcasting Equipment ($116M), Coal Briquettes ($101M), and Cars ($83.2M). During the last 23 years the exports of United States to Finland have increased at an annualized rate of 0.31%, from $1.98B in 1995 to $2.12B in 2018.

Finland-United States: In 2018, Finland exported $5.93B to United States. The main products exported from Finland to United States were Medical Instruments ($686M), Kaolin Coated Paper ($669M), and Special Pharmaceuticals ($658M). During the last 23 years the exports of Finland to United States have increased at an annualized rate of 3.55%, from $2.66B in 1995 to $5.93B in 2018. In 2017, Finland exported services to United States worth $156M, with Travel ($156M) being the largest in terms of value.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). 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, United States exported $2.12B to Finland. The main products exported from United States to Finland were Broadcasting Equipment ($116M), Coal Briquettes ($101M), and Cars ($83.2M). During the last 23 years the exports of United States to Finland have increased at an annualized rate of 0.31%, from $1.98B in 1995 to $2.12B in 2018.

In 2018, Finland exported $5.93B to United States. The main products exported from Finland to United States were Medical Instruments ($686M), Kaolin Coated Paper ($669M), and Special Pharmaceuticals ($658M). During the last 23 years the exports of Finland to United States have increased at an annualized rate of 3.55%, from $2.66B in 1995 to $5.93B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Finland
Top Destination
: Germany, $11.1B

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

In 2018, countries that imported more from United States than Finland were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Finland than United States were Sweden ($7.46B), Estonia ($1.79B), and Latvia ($732M).

Comparative Advantage United States - Finland

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Depth

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

During 2018, United States had a large net trade with Finland in the exports of Machines ($728M), Chemical Products ($298M), and Mineral Products ($295M).

During 2018, Finland had a large net trade with United States in the exports of Machines ($1.41B), Chemical Products ($1.05B), and Instruments ($1.03B).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Finland were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

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

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

Trade Forecasts

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This section shows a forecast for total trade between United States 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.

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Bilateral Service Trade

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In 2017, Finland exported services to United States worth $156M, with Travel ($156M) 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 United States has comparative advantage over Finland. Similarly, the more red a dot/product is, the more Finland has comparative advantage over United States.