2022
Exports | Imports
$1.35B | $2.75BWorld Rnk 35 / 226
Flag Rnk 16 / 96
World Rnk 38 / 225
Flag Rnk 8 / 96
2022
ECONOMIC COMPLEXITY of Finland
1.39Rnk 11 / 124
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.6Rnk 33 / 1025

About

Exports In 2022, Finland exported $1.35B in Iron or steel articles, making it the 35th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 16th most exported product in Finland. The main destination of Iron or steel articles exports from Finland are: Sweden ($384M), Norway ($139M), United States ($89.3M), Germany ($78.8M), and Estonia ($68.5M).

The fastest growing export markets for Iron or steel articles of Finland between 2021 and 2022 were Sweden ($49.7M), United States ($41.7M), and China ($23.2M).

Imports In 2022, Finland imported $2.75B in Iron or steel articles, becoming the 38th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 8th most imported product in Finland. Finland imports Iron or steel articles primarily from: Germany ($406M), Estonia ($320M), China ($249M), Sweden ($211M), and Poland ($194M).

The fastest growing import markets in Iron or steel articles for Finland between 2021 and 2022 were Turkey ($76.9M), Estonia ($51.9M), and Spain ($41.1M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (402), ROBERT BOSCH LLC (51), and KONECRANES (30) were at the forefront of shipping Iron or steel articles from Finland to the United States.

Latest Trends

Feb 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 Iron or steel articles. 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)$1.35B
IMPORTS (2022)$2.75B
NET TRADE (2022)-$1.4B

In 2022, Finland exported $1.35B in Iron or steel articles. The main destinations of Finland exports on Iron or steel articles were Sweden ($384M), Norway ($139M), United States ($89.3M), Germany ($78.8M), and Estonia ($68.5M).

In 2022, Finland imported $2.75B in Iron or steel articles, mainly from Germany ($406M), Estonia ($320M), China ($249M), Sweden ($211M), and Poland ($194M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Sweden$49.7M (14.9%)
United States$41.7M (87.6%)
China$23.2M (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Finland WERE (2021 - 2022):
Russia-$42.1M (-60.2%)
Uruguay-$19.3M (-87.7%)
United Kingdom-$6.61M (-17.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Finland's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

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