Machinery Having Individual Functions in Finland

EXPORTS (2018): $703M, World Rnk 24 / 205
Flag Rnk 19 / 1163

TOP DESTINATION (2018): $71.8M, United States

FASTEST GROWING MARKET (2017 - 2018): $21.1M, China

IMPORTS (2018): $358M, World Rnk 45 / 220
Flag Rnk 32 / 1193

TOP ORIGIN (2018): $118M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $25.9M, Germany

ECONOMIC COMPLEXITY of Finland (2018): 1.56, Rnk 10 / 137

Overview: This page contains the latest trade data of Machinery Having Individual Functions in Finland.

Exports: In 2018, Finland exported $703M in Machinery Having Individual Functions, making it the 24th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 19th most exported product in Finland. The main destination of Machinery Having Individual Functions exports from Finland are: United States ($71.8M), China ($71M), Germany ($64.2M), Russia ($64.2M), and Belgium-Luxembourg ($47.6M).

The fastest growing export markets for Machinery Having Individual Functions of Finland between 2017 and 2018 were China ($21.1M), Sweden ($10M), and Belgium-Luxembourg ($9.59M).

Imports: In 2018, Finland imported $358M in Machinery Having Individual Functions, becoming the 45th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 32nd most imported product in Finland. Finland imports Machinery Having Individual Functions primarily from: Germany ($118M), Sweden ($32.2M), Italy ($21M), Estonia ($18.3M), and Netherlands ($16.7M).

The fastest growing import markets in Machinery Having Individual Functions for Finland between 2017 and 2018 were Germany ($25.9M), Estonia ($9.06M), and Netherlands ($7.39M).

Tariffs: In 1990, the average tariff for Finland in Machinery Having Individual Functions was 5.1%. The countries with the highest import tariffs for Machinery Having Individual Functions were Angola (5.1%), Burundi (5.1%), Benin (5.1%), Burkina Faso (5.1%), and Botswana (5.1%).

Value

EXPORTS (2018): $703M

IMPORTS (2018): $358M

NET TRADE (2018): $345M

In 2018, Finland exported $703M in Machinery Having Individual Functions. The main destinations of Finland exports on Machinery Having Individual Functions were United States ($71.8M), China ($71M), Germany ($64.2M), Russia ($64.2M), and Belgium-Luxembourg ($47.6M).

In 2018, Finland imported $358M in Machinery Having Individual Functions, mainly from Germany ($118M), Sweden ($32.2M), Italy ($21M), Estonia ($18.3M), and Netherlands ($16.7M).

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IN 2018, Finland HAD A POSITIVE NET TRADE IN Machinery Having Individual Functions WITH:

  • Russia, $62.2M ($64.2M - $1.98M)
  • China, $58.2M ($71M - $12.8M)
  • United States, $57.3M ($71.8M - $14.5M)

IN 2018, Finland HAD A NEGATIVE NET TRADE IN Machinery Having Individual Functions WITH:

  • Germany, -$54.2M ($64.2M - $118M)
  • Czechia, -$12.5M ($2.7M - $15.2M)
  • Switzerland, -$10.3M ($4.61M - $14.9M)
Flow

THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Finland WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Finland WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Finland's main exporting competitors in Machinery Having Individual Functions were:

In 2018, Finland's main importing competitors in Machinery Having Individual Functions were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Machinery Having Individual Functions in Finland. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 1990, the average tariff for Finland in Machinery Having Individual Functions was 5.1%.

The countries with the highest tariffs for Machinery Having Individual Functions in Finland were Angola (5.1%), Burundi (5.1%), Benin (5.1%), Burkina Faso (5.1%), and Botswana (5.1%).

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