2022
Exports
$112MWorld Rnk 46 / 192
Flag Rnk 139 / 1205
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$169MWorld Rnk 63 / 207
Flag Rnk 112 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $112M in Gas Turbines, making it the 46th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 139th most exported product in Finland. The main destination of Gas Turbines exports from Finland are: United States ($43.1M), United Kingdom ($18.4M), India ($15.4M), China ($8.93M), and Russia ($7.07M).

The fastest growing export markets for Gas Turbines of Finland between 2021 and 2022 were India ($15.4M), China ($8.91M), and Switzerland ($2.25M).

Imports In 2022, Finland imported $169M in Gas Turbines, becoming the 63rd largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 112th most imported product in Finland. Finland imports Gas Turbines primarily from: United States ($75M), United Kingdom ($37.3M), France ($12.2M), Germany ($11.9M), and India ($9.03M).

The fastest growing import markets in Gas Turbines for Finland between 2021 and 2022 were United States ($33.1M), United Kingdom ($24.2M), and India ($8.91M).

Latest Trends

Sep 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 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

Trade Balance

Color
EXPORTS (2022)$112M
IMPORTS (2022)$169M
NET TRADE (2022)-$56.6M

In 2022, Finland exported $112M in Gas Turbines. The main destinations of Finland exports on Gas Turbines were United States ($43.1M), United Kingdom ($18.4M), India ($15.4M), China ($8.93M), and Russia ($7.07M).

In 2022, Finland imported $169M in Gas Turbines, mainly from United States ($75M), United Kingdom ($37.3M), France ($12.2M), Germany ($11.9M), and India ($9.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Finland WERE (2021 - 2022):
India$15.4M (595k%)
China$8.91M (47.6k%)
Switzerland$2.25M (419%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Finland WERE (2021 - 2022):
Bulgaria-$9.93M (-100%)
United States-$9.73M (-18.4%)
Russia-$7.76M (-52.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.3M
TOP IMPORT POTENTIALUnited Kingdom+ $12.6M

Gas Turbines’s highest export potential is United States. With an export gap of $20.3M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $12.6M.

See methodology.

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