2023
Exports
$937MWorld Rnk 24 / 219
Flag Rnk 16 / 1207
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$519MWorld Rnk 43 / 226
Flag Rnk 26 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $937M in Machinery Having Individual Functions, making it the 24th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 16th most exported product in Finland. The main destination of Machinery Having Individual Functions exports from Finland are: United States ($148M), China ($94.1M), Germany ($66.1M), Netherlands ($60.7M), and Norway ($51.3M).

The fastest growing export markets for Machinery Having Individual Functions of Finland between 2022 and 2023 were Japan ($27.2M), Norway ($26.4M), and Netherlands ($21.5M).

Imports In 2023, Finland imported $519M in Machinery Having Individual Functions, becoming the 43rd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 26th most imported product in Finland. Finland imports Machinery Having Individual Functions primarily from: Germany ($152M), Italy ($43.1M), China ($37.5M), Sweden ($35.3M), and United States ($34.8M).

The fastest growing import markets in Machinery Having Individual Functions for Finland between 2022 and 2023 were Germany ($31.2M), Italy ($17.3M), and China ($9.04M).

COMPANIES In 2024, leading companies such as ABB Motors and Mechanical (10) were at the forefront of shipping Machinery Having Individual Functions from Finland to the United States.

Latest Trends

Dec 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 Machinery Having Individual Functions. 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 (2023)$937M
IMPORTS (2023)$519M
NET TRADE (2023)$419M

In 2023, Finland exported $937M in Machinery Having Individual Functions. The main destinations of Finland exports on Machinery Having Individual Functions were United States ($148M), China ($94.1M), Germany ($66.1M), Netherlands ($60.7M), and Norway ($51.3M).

In 2023, Finland imported $519M in Machinery Having Individual Functions, mainly from Germany ($152M), Italy ($43.1M), China ($37.5M), Sweden ($35.3M), and United States ($34.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Japan$27.2M (242%)
Norway$26.4M (106%)
Netherlands$21.5M (55%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Finland WERE (2022 - 2023):
South Korea-$140M (-90.1%)
China-$39.8M (-29.7%)
Russia-$32.9M (-79.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Finland's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $55.9M
TOP IMPORT POTENTIALChina+ $17.2M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $55.9M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $17.2M.

See methodology.

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