2022
Exports
$96.9MWorld Rnk 34 / 213
Flag Rnk 152 / 1205
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$105MWorld Rnk 44 / 225
Flag Rnk 167 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $96.9M in Interchangeable Tool Parts, making it the 34th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 152nd most exported product in Finland. The main destination of Interchangeable Tool Parts exports from Finland are: United States ($16.4M), Sweden ($11.9M), Norway ($8.35M), Canada ($4.66M), and Russia ($3.61M).

The fastest growing export markets for Interchangeable Tool Parts of Finland between 2021 and 2022 were United States ($5.37M), Kazakhstan ($1.51M), and Spain ($1.06M).

Imports In 2022, Finland imported $105M in Interchangeable Tool Parts, becoming the 44th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 167th most imported product in Finland. Finland imports Interchangeable Tool Parts primarily from: Germany ($30.2M), China ($15.3M), Sweden ($9.46M), Italy ($6.24M), and Netherlands ($5.25M).

The fastest growing import markets in Interchangeable Tool Parts for Finland between 2021 and 2022 were China ($3.91M), Denmark ($1.51M), and United States ($969k).

Latest Trends

Oct 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 Interchangeable Tool Parts. 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)$96.9M
IMPORTS (2022)$105M
NET TRADE (2022)-$7.85M

In 2022, Finland exported $96.9M in Interchangeable Tool Parts. The main destinations of Finland exports on Interchangeable Tool Parts were United States ($16.4M), Sweden ($11.9M), Norway ($8.35M), Canada ($4.66M), and Russia ($3.61M).

In 2022, Finland imported $105M in Interchangeable Tool Parts, mainly from Germany ($30.2M), China ($15.3M), Sweden ($9.46M), Italy ($6.24M), and Netherlands ($5.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Finland WERE (2021 - 2022):
United States$5.37M (48.8%)
Kazakhstan$1.51M (582%)
Spain$1.06M (60.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Finland WERE (2021 - 2022):
Russia-$2.26M (-38.5%)
Norway-$1.34M (-13.9%)
Turkey-$1.1M (-50.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Finland's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.68M
TOP IMPORT POTENTIALChina+ $6.33M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $7.68M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $6.33M.

See methodology.

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