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2022
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Exports $590MRnk 39 / 215
2022
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Top Product $173MNickel Ore
2022
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Exports $1.17BRnk 20 / 207
2022
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Top Product $121MNickel Mattes
2022
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Economic Complexity (ECI) ECI 0.85Rnk 31 / 124
2022
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Economic Complexity (ECI) ECI 1.39Rnk 11 / 124
2022
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GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
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2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Canada-Finland In 2022, Canada exported $590M to Finland. The main products that Canada exported to Finland are Nickel Ore ($173M), Copper Ore ($109M), and Coal Briquettes ($54.6M). During the last 27 years the exports of Canada to Finland have increased at an annualized rate of 3.96%, from $207M in 1995 to $590M in 2022.

In 2020, Canada exported services to Finland worth $38M, with Transportation ($11.9M), Royalties and license fees ($11.2M), and Travel ($8.95M) being the largest in terms of value.

Finland-Canada In 2022, Finland exported $1.17B to Canada. The main products that Finland exported to Canada were Nickel Mattes ($121M), Other Construction Vehicles ($93M), and Cars ($86.7M). During the last 27 years the exports of Finland to Canada have increased at an annualized rate of 4.86%, from $325M in 1995 to $1.17B in 2022.

In 2020, Finland exported services to Canada worth $147M, with Computer and information services ($86.8M), Royalties and license fees ($26.3M), and Other business services ($25.1M) being the largest in terms of value.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B). That same year, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B).

Latest Trends

January, 2024

About

Overview In January 2024, Canada exported C$134M and imported C$96.5M from Finland, resulting in a positive trade balance of C$37.5M. Between January 2023 and January 2024 the exports of Canada have increased by C$119M (771%) from C$15.4M to C$134M, while imports decreased by C$-90.3M (-48.3%) from C$187M to C$96.5M.

Trade In January 2024, the top exports of Canada to Finland were Precious Metal Ore (C$4.27M), Gas Turbines (C$2.18M), Telephones (C$954k), Motor vehicles; parts and accessories (8701... (C$681k), and Other Printed Material (C$325k). In January 2024 the top imports of Canada from Finland were Nickel Mattes (C$29.9M), Cars (C$20.3M), Other Construction Vehicles (C$16.4M), Delivery Trucks (C$10.3M), and Other Agricultural Machinery (C$8.51M).

Origins In January 2024 the exports of Canada were mainly from Alberta (C$90M), Quebec (C$39.5M), Ontario (C$2.26M), Newfoundland Labrador (C$1.33M), and British Columbia (C$469k), while imports destinations were mainly Ontario (C$35.4M), Quebec (C$35.2M), British Columbia (C$7.89M), Nova Scotia (C$6.23M), and Alberta (C$5.38M).

Growth In January 2024, the increase in Canada's year-by-year exports to Finland was explained primarily by an increase in product exports in Other Printed Material (C$247k or 314%), Telephones (C$224k or 30.6%), and Broadcasting Accessories (C$209k or 2.64k%). In January 2024, the decrease in Canada's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in Special Pharmaceuticals (C$-8.49M or -90.4%), Telephones (C$-2.38M or -55.8%), and Metalworking Machine Parts (C$-1.22M or -71.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)C$119M(771%)
IMPORT GROWTH (January 2023 - January 2024)C$-90.3M(-48.3%)
MAIN EXPORTER (January 2024)AlbertaC$90M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Finland and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $590M to Finland. The main products exported from Canada to Finland were Nickel Ore ($173M), Copper Ore ($109M), and Coal Briquettes ($54.6M). During the last 27 years the exports of Canada to Finland have increased at an annualized rate of 3.96%, from $207M in 1995 to $590M in 2022.

In 2022, Finland exported $1.17B to Canada. The main products exported from Finland to Canada were Nickel Mattes ($121M), Other Construction Vehicles ($93M), and Cars ($86.7M). During the last 27 years the exports of Finland to Canada have increased at an annualized rate of 4.86%, from $325M in 1995 to $1.17B in 2022.

Exports from Canada (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Finland
Top DestinationGermany$9.99B

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

In 2021, countries that imported more from Canada than Finland were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Finland than Canada were Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

Difference in imports from Finland (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Finland

Flow
Scale

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

During 2022, Canada had a large net trade with Finland in the exports of Mineral Products ($343M), Transportation ($59.5M), and Machines ($57.9M).

During 2022, Finland had a large net trade with Canada in the exports of Machines ($417M), Metals ($179M), and Transportation ($147M).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Finland worth $38M, with Transportation ($11.9M), Royalties and license fees ($11.2M), and Travel ($8.95M) being the largest in terms of value.

In 2020, Finland exported services to Canada worth $147M, with Computer and information services ($86.8M), Royalties and license fees ($26.3M), and Other business services ($25.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Finland (Flag) (2020)

Services Exports from Finland (Flag) to Canada (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Finland. Similarly, the more yellow a dot/product is, the more Finland has comparative advantage over Canada.

Product Space of Canada (Flag) and Finland (Flag) (2022)

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