2022
Exports
$2.09BWorld Rnk 29 / 223
Flag Rnk 13 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$2.36BWorld Rnk 45 / 226
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $2.09B in Pharmaceutical products, making it the 29th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 13th most exported product in Finland. The main destination of Pharmaceutical products exports from Finland are: United States ($956M), China ($145M), Canada ($113M), Belgium ($94.4M), and Germany ($86.6M).

The fastest growing export markets for Pharmaceutical products of Finland between 2021 and 2022 were United States ($206M), China ($33.2M), and Germany ($20.4M).

Imports In 2022, Finland imported $2.36B in Pharmaceutical products, becoming the 45th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Finland. Finland imports Pharmaceutical products primarily from: Germany ($564M), Denmark ($227M), Sweden ($188M), Switzerland ($176M), and Netherlands ($160M).

The fastest growing import markets in Pharmaceutical products for Finland between 2021 and 2022 were Belgium ($20.4M), Italy ($18.6M), and Austria ($17.4M).

Latest Trends

Jul 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 Pharmaceutical products. 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)$2.09B
IMPORTS (2022)$2.36B
NET TRADE (2022)-$266M

In 2022, Finland exported $2.09B in Pharmaceutical products. The main destinations of Finland exports on Pharmaceutical products were United States ($956M), China ($145M), Canada ($113M), Belgium ($94.4M), and Germany ($86.6M).

In 2022, Finland imported $2.36B in Pharmaceutical products, mainly from Germany ($564M), Denmark ($227M), Sweden ($188M), Switzerland ($176M), and Netherlands ($160M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Finland WERE (2021 - 2022):
United States$206M (27.4%)
China$33.2M (29.7%)
Germany$20.4M (30.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Finland WERE (2021 - 2022):
Russia-$42.7M (-66%)
Canada-$36.2M (-24.2%)
Norway-$21.1M (-59.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Pharmaceutical products were:
In 2022, Finland's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $90.6M
TOP IMPORT POTENTIALGermany+ $105M

Pharmaceutical products’s highest export potential is China. With an export gap of $90.6M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $105M.

See methodology.

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