Benin (BEN) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Benin-Finland Trade: In 2022, Benin exported $134k to Finland. The main products that Benin exported to Finland were Hard Liquor ($129k), Non-Knit Women's Suits ($2.39k), and Tropical Fruits ($1.44k). Over the past 6 years the exports of Benin to Finland have increased at an annualized rate of 52.1%, from $10.8k in 2016 to $134k in 2022.

In 2022, Benin did not export any services to Finland.

Finland-Benin Trade: In 2022, Finland exported $1.77M to Benin. The main products that Finland exported to Benin were Special Pharmaceuticals ($551k), Poultry Meat ($393k), and Excavation Machinery ($326k). Over the past 6 years the exports of Finland to Benin have increased at an annualized rate of 1.13%, from $1.67M in 2016 to $1.77M in 2022.

In 2022, Finland did not export any services to Benin.

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Benin exported $134k to Finland. The main products exported from Benin to Finland were Hard Liquor ($129k), Non-Knit Women's Suits ($2.39k), and Tropical Fruits ($1.44k). During the last 6 years the exports of Benin to Finland have increased at an annualized rate of 52.1%, from $10.8k in 2016 to $134k in 2022.

In 2017, Finland exported $1.77M to Benin. The main products exported from Finland to Benin were Special Pharmaceuticals ($551k), Poultry Meat ($393k), and Excavation Machinery ($326k). During the last 5 years the exports of Finland to Benin have increased at an annualized rate of 1.13%, from $1.67M in 2022 to $1.77M in 2017.

Exports from Benin () to Finland () (2022)

Exports from Finland () to Benin () (2022)

Latest Data

Trade between Benin () and Finland ()

Benin Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Finland
Top DestinationGermany$9.99B

This map shows whether countries import more from Benin or Finland. Each country is colored based on the difference in imports they receive from Benin and Finland or the difference in the growth in imports.

In 2022, countries that imported more from Benin than Finland included Bangladesh ($406M), Togo ($35.9M), and Chad ($28M).

In 2022, countries that imported more from Finland than Benin included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

Difference in imports from Finland () and Benin () (2022)

Comparative Advantage Benin - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Benin and Finland by product, considering products traded by both, Benin and Finland.

During 2022, Benin had a large net trade with Finland in the exports of Foodstuffs ($129k), Textiles ($3.2k), and Vegetable Products ($1.66k).

During 2017, Finland had a large net trade with Benin in the exports of Animal Products ($582k), Chemical Products ($554k), and Machines ($366k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Finland+$7.33kTropical Fruits

Top Product Potential Finland Benin+$218kExcavation Machinery

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Benin and Finland. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Benin.

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Historical Data

Bilateral Trade by Products

Exports from Benin () to Finland () (2022)

Exports from Finland () to Benin () (2022)

Latest Data

Trade between Benin () and Finland ()

Benin Exports

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Benin () (2022)

Comparative Advantage Benin - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Finland () (2022)

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