2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Germany-Finland Trade: In 2023, Germany exported $11.5B to Finland. The main products that Germany exported to Finland were Cars ($1.41B), Scrap Iron ($512M), and Motor vehicles; parts and accessories (8701 to 8705) ($434M). Over the past 5 years the exports of Germany to Finland have decreased at an annualized rate of 0.096%, from $11.5B in 2018 to $11.5B in 2023.

In 2020, Germany exported services to Finland worth $1.11B, with Other business services ($442M), Transportation ($307M), and Computer and information services ($230M) being the largest in terms of value.

Finland-Germany Trade: In 2023, Finland exported $9.26B to Germany. The main products that Finland exported to Germany were Large Flat-Rolled Stainless Steel ($1.05B), Kaolin Coated Paper ($809M), and Cars ($754M). Over the past 5 years the exports of Finland to Germany have decreased at an annualized rate of 1.71%,  from $10.1B in 2018 to $9.26B in 2023.

In 2020, Finland exported services to Germany worth $1.69B, with Computer and information services ($588M), Other business services ($517M), and Transportation ($288M) being the largest in terms of value.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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
Value

In 2023, Germany exported $11.5B to Finland. The main products exported from Germany to Finland were Cars ($1.41B), Scrap Iron ($512M), and Motor vehicles; parts and accessories (8701 to 8705) ($434M). During the last 5 years the exports of Germany to Finland have decreased at an annualized rate of 0.096%, from $11.5B in 2018 to $11.5B in 2023.

In 2018, Finland exported $9.26B to Germany. The main products exported from Finland to Germany were Large Flat-Rolled Stainless Steel ($1.05B), Kaolin Coated Paper ($809M), and Cars ($754M). During the last 5 years the exports of Finland to Germany have decreased at an annualized rate of 1.71%, from $10.1B in 2023 to $9.26B in 2018.

Exports from Germany (Flag) to Finland (Flag) (2023)

Exports from Finland (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Finland
Top Destination
United States$9.68B

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

In 2023, countries that imported more from Germany than Finland included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Finland than Germany included Estonia ($2.4B), Turks and Caicos Islands ($7.81M), and Anguilla ($705k).

Difference in imports from Finland (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Finland

Flow
Scale

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

During 2023, Germany had a large net trade with Finland in the exports of Machines ($3.2B), Transportation ($2.41B), and Metals ($1.74B).

During 2018, Finland had a large net trade with Germany in the exports of Metals ($2.46B), Machines ($1.81B), and Paper Goods ($1.52B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Finland+$142MCars
Top Product Potential Finland Germany+$164MRefined Petroleum

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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Bilateral Service Trade

In 2020, Germany exported services to Finland worth $1.11B, with Other business services ($442M), Transportation ($307M), and Computer and information services ($230M) being the largest in terms of value.

In 2020, Finland exported services to Germany worth $1.69B, with Computer and information services ($588M), Other business services ($517M), and Transportation ($288M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Germany (Flag) and Finland (Flag) (2023)

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