HS Icon Gas Turbines in  Flag Finland

2021
Exports | Imports
: $139M | $144M, World Rnk 42 / 193
Flag Rnk 120 / 1202 | World Rnk 59 / 210
Flag Rnk 129 / 1207

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $22.2M | $28.5M, United Kingdom |  United States

2021
ECONOMIC COMPLEXITY of Finland
: 1.42, Rnk 13 / 131

2021
PRODUCT COMPLEXITY IN Gas Turbines
: 0.71, Rnk 271 / 1029

Exports In 2021, Finland exported $139M in Gas Turbines, making it the 42nd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 120th most exported product in Finland. The main destination of Gas Turbines exports from Finland are: United States ($52.9M), United Kingdom ($22.5M), Russia ($14.8M), Bulgaria ($9.93M), and South Korea ($6.58M).

The fastest growing export markets for Gas Turbines of Finland between 2020 and 2021 were United Kingdom ($22.2M), United States ($15.7M), and South Korea ($6.09M).

Imports In 2021, Finland imported $144M in Gas Turbines, becoming the 59th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 129th most imported product in Finland. Finland imports Gas Turbines primarily from: United States ($63.2M), Russia ($25.9M), United Kingdom ($13.2M), Germany ($11.8M), and France ($11.6M).

The fastest growing import markets in Gas Turbines for Finland between 2020 and 2021 were United States ($28.5M), Russia ($22.6M), and Germany ($3.04M).

Tariffs In 1990, the average tariff for Finland in Gas Turbines was 1.65%. The countries with the highest import tariffs for Gas Turbines were Angola (Most Favoured Nation duty rate treatment, 1.65%), Burundi (Most Favoured Nation duty rate treatment, 1.65%), Benin (Most Favoured Nation duty rate treatment, 1.65%), Burkina Faso (Most Favoured Nation duty rate treatment, 1.65%), and Botswana (Most Favoured Nation duty rate treatment, 1.65%).

Mar 2023

Subnational Monthly Trade

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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 Gas Turbines. 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

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EXPORTS (2021): $139M

IMPORTS (2021): $144M

NET TRADE (2021): -$5.23M

In 2021, Finland exported $139M in Gas Turbines. The main destinations of Finland exports on Gas Turbines were United States ($52.9M), United Kingdom ($22.5M), Russia ($14.8M), Bulgaria ($9.93M), and South Korea ($6.58M).

In 2021, Finland imported $144M in Gas Turbines, mainly from United States ($63.2M), Russia ($25.9M), United Kingdom ($13.2M), Germany ($11.8M), and France ($11.6M).

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THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Finland WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Finland WERE (2020 - 2021):

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Market Concentration

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In 2021, Finland's main exporting competitors in Gas Turbines were:

In 2021, Finland's main importing competitors in Gas Turbines were:

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