2022
Exports
$27.2MWorld Rnk 29 / 179
Flag Rnk 302 / 1205
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$47.6MWorld Rnk 27 / 211
Flag Rnk 321 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $27.2M in Compasses, making it the 29th largest exporter of Compasses in the world. At the same year, Compasses was the 302nd most exported product in Finland. The main destination of Compasses exports from Finland are: United Kingdom ($5.82M), United States ($4.67M), Poland ($4.09M), Canada ($1.13M), and Sweden ($1.04M).

The fastest growing export markets for Compasses of Finland between 2021 and 2022 were United Kingdom ($4.84M), Poland ($2.43M), and United States ($976k).

Imports In 2022, Finland imported $47.6M in Compasses, becoming the 27th largest importer of Compasses in the world. At the same year, Compasses was the 321st most imported product in Finland. Finland imports Compasses primarily from: Netherlands ($8.51M), United States ($7.85M), Germany ($4.65M), Chinese Taipei ($4.33M), and Denmark ($4.22M).

The fastest growing import markets in Compasses for Finland between 2021 and 2022 were United States ($3.19M), Denmark ($2.15M), and Chinese Taipei ($1.77M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Compasses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.2M
IMPORTS (2022)$47.6M
NET TRADE (2022)-$20.4M

In 2022, Finland exported $27.2M in Compasses. The main destinations of Finland exports on Compasses were United Kingdom ($5.82M), United States ($4.67M), Poland ($4.09M), Canada ($1.13M), and Sweden ($1.04M).

In 2022, Finland imported $47.6M in Compasses, mainly from Netherlands ($8.51M), United States ($7.85M), Germany ($4.65M), Chinese Taipei ($4.33M), and Denmark ($4.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Finland WERE (2021 - 2022):
United Kingdom$4.84M (497%)
Poland$2.43M (147%)
United States$976k (26.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Finland WERE (2021 - 2022):
Russia-$3.97M (-84.9%)
South Korea-$3.22M (-75.6%)
Germany-$667k (-59.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Compasses were:
In 2022, Finland's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.87M
TOP IMPORT POTENTIALUnited Kingdom+ $1.24M

Compasses’s highest export potential is United States. With an export gap of $1.87M.   Compasses’s highest import potential is United Kingdom with an import gap of $1.24M.

See methodology.

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