2022
Exports
$217MWorld Rnk 40 / 219
Flag Rnk 88 / 1205
2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
$463MWorld Rnk 37 / 224
Flag Rnk 35 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $217M in Electrical Control Boards, making it the 40th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 88th most exported product in Finland. The main destination of Electrical Control Boards exports from Finland are: Germany ($28.5M), China ($25.3M), United States ($18.9M), Netherlands ($18M), and Poland ($9.69M).

The fastest growing export markets for Electrical Control Boards of Finland between 2021 and 2022 were United States ($5.99M), China ($3.54M), and Poland ($3.38M).

Imports In 2022, Finland imported $463M in Electrical Control Boards, becoming the 37th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 35th most imported product in Finland. Finland imports Electrical Control Boards primarily from: Germany ($165M), Estonia ($66.6M), China ($39M), Poland ($31M), and Sweden ($25M).

The fastest growing import markets in Electrical Control Boards for Finland between 2021 and 2022 were Poland ($28.7M), Germany ($20.6M), and China ($16M).

COMPANIES In 2023, leading companies such as Siemens (3) were at the forefront of shipping Electrical Control Boards from Finland to the United States.

Latest Trends

Aug 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 Electrical Control Boards. 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)$217M
IMPORTS (2022)$463M
NET TRADE (2022)-$247M

In 2022, Finland exported $217M in Electrical Control Boards. The main destinations of Finland exports on Electrical Control Boards were Germany ($28.5M), China ($25.3M), United States ($18.9M), Netherlands ($18M), and Poland ($9.69M).

In 2022, Finland imported $463M in Electrical Control Boards, mainly from Germany ($165M), Estonia ($66.6M), China ($39M), Poland ($31M), and Sweden ($25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Finland WERE (2021 - 2022):
United States$5.99M (46.3%)
China$3.54M (16.3%)
Poland$3.38M (53.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Finland WERE (2021 - 2022):
Russia-$29.4M (-78.3%)
Germany-$3.04M (-9.65%)
Spain-$2.93M (-41%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Finland's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.4M
TOP IMPORT POTENTIALChina+ $23.4M

Electrical Control Boards’s highest export potential is United States. With an export gap of $19.4M.   Electrical Control Boards’s highest import potential is China with an import gap of $23.4M.

See methodology.

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