Botswana (BWA) and Finland (FIN) Trade | The Observatory of Economic Complexity

About

Botswana-Finland Trade: In 2023, Botswana exported $2.13k to Finland. The main products that Botswana exported to Finland were Raw Furskins ($1.27k), Copper Ore ($841), and Precious Stones ($10). Over the past 5 years the exports of Botswana to Finland have decreased at an annualized rate of 11.9%, from $4k in 2018 to $2.13k in 2023.

In 2023, Botswana did not export any services to Finland.

Finland-Botswana Trade: In 2023, Finland exported $23.4M to Botswana. The main products that Finland exported to Botswana were Other Construction Vehicles ($5.89M), Large Construction Vehicles ($4.22M), and Lifting Machinery ($1.66M). Over the past 5 years the exports of Finland to Botswana have increased at an annualized rate of 55.1%, from $450k in 2018 to $23.4M in 2023.

In 2023, Finland did not export any services to Botswana.

Comparison: In 2023, Botswana ranked 80 in the Economic Complexity Index (ECI -0.41), and 122 in total exports ($6.59B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Botswana exported $2.13k to Finland. The main products exported from Botswana to Finland were Raw Furskins ($1.27k), Copper Ore ($841), and Precious Stones ($10). During the last 5 years the exports of Botswana to Finland have decreased at an annualized rate of 11.9%, from $4k in 2018 to $2.13k in 2023.

In 2018, Finland exported $23.4M to Botswana. The main products exported from Finland to Botswana were Other Construction Vehicles ($5.89M), Large Construction Vehicles ($4.22M), and Lifting Machinery ($1.66M). During the last 5 years the exports of Finland to Botswana have increased at an annualized rate of 55.1%, from $450k in 2023 to $23.4M in 2018.

Exports from Botswana () to Finland () (2023)

Exports from Finland () to Botswana () (2023)

Latest Data

Trade between Botswana () and Finland ()

Botswana Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Botswana
Top DestinationUnited Arab Emirates$1.81B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Botswana than Finland included United Arab Emirates ($1.81B), Hong Kong ($289M), and India ($1.15B).

In 2023, countries that imported more from Finland than Botswana included Germany ($9.26B), United States ($9.68B), and Sweden ($8.13B).

Difference in imports from Finland () and Botswana () (2023)

Comparative Advantage Botswana - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Botswana had a large net trade with Finland in the exports of Animal Hides ($1.27k), Mineral Products ($841), and Precious Metals ($10).

During 2018, Finland had a large net trade with Botswana in the exports of Machines ($18.3M), Transportation ($2.66M), and Metals ($1.56M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Botswana Finland+$3.79kCopper Ore

Top Product Potential Finland Botswana+$538kDelivery Trucks

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Botswana () to Finland () (2023)

Exports from Finland () to Botswana () (2023)

Latest Data

Trade between Botswana () and Finland ()

Botswana Exports

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Botswana () (2023)

Comparative Advantage Botswana - Finland

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Botswana () and Finland () (2023)

Keep Exploring