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2023
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Exports $1.58BRnk 37 / 220
2023
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Top Product $198MCars
2023
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Exports $1.46BRnk 16 / 206
2023
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Top Product $164MKaolin Coated Paper
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$296BCURRENT US$
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2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Spain-Finland Trade: In 2023, Spain exported $1.58B to Finland. The main products that Spain exported to Finland were Cars ($198M), Delivery Trucks ($66.1M), and Packaged Medicaments ($62.8M). Over the past 5 years the exports of Spain to Finland have increased at an annualized rate of 3.71%, from $1.32B in 2018 to $1.58B in 2023.

In 2009, Spain exported services to Finland worth $1.5B, with Services not allocated ($876M) and Travel ($622M) being the largest in terms of value.

Finland-Spain Trade: In 2023, Finland exported $1.46B to Spain. The main products that Finland exported to Spain were Kaolin Coated Paper ($164M), Telephones ($80.7M), and Kraft Paper ($73.6M). Over the past 5 years the exports of Finland to Spain have increased at an annualized rate of 0.71%,  from $1.41B in 2018 to $1.46B in 2023.

In 2020, Finland exported services to Spain worth $401M, with Computer and information services ($163M), Royalties and license fees ($93.7M), and Other business services ($70.8M) being the largest in terms of value.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €150M and imported €117M from Finland, resulting in a positive trade balance of €33M. Between November 2023 and November 2024 the exports of Spain have decreased by €-2.39M (-1.57%) from €152M to €150M, while imports increased by €7.82M (7.16%) from €109M to €117M.

Trade In November 2024, the top exports of Spain to Finland were Coal Briquettes (€41.8M), Cars (€11.8M), Zinc Ore (€7.57M), Citrus (€7.05M), and Iron Structures (€5.48M). In November 2024 the top imports of Spain from Finland were Kaolin Coated Paper (€16.1M), Telephones (€9.27M), Other Uncoated Paper (€6.31M), Kraft Paper (€6.02M), and Large Flat-Rolled Stainless Steel (€4.78M).

Origins In November 2024 the exports of Spain were mainly from Salamanca (€51.7M), Barcelona (€17.5M), Huelva (€11.3M), Navarra (€10.4M), and Madrid (€9.26M), while imports destinations were mainly Barcelona (€31.7M), Madrid (€19.8M), Vizcaya (€9.65M), Valencia (€6.92M), and Zaragoza (€5.75M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Finland was explained primarily by an decrease in product exports in Zinc Ore (€-1.61M or -17.5%), Unpackaged Medicaments (€-978k or -57.8%), and Rice (€-657k or -98.1%). In November 2024, the increase in Spain's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Kaolin Coated Paper (€5.49M or 51.9%), Telephones (€4.47M or 93.1%), and Sulfate Chemical Woodpulp (€2.83M or 212%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-2.39M(-1.57%)
IMPORT GROWTH (November 2023 - November 2024)€7.82M(7.16%)
MAIN EXPORTER (November 2024)Salamanca€51.7M

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

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

For full datasets download visit Bulk Download page.

Explore Finland and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $1.58B to Finland. The main products exported from Spain to Finland were Cars ($198M), Delivery Trucks ($66.1M), and Packaged Medicaments ($62.8M). During the last 5 years the exports of Spain to Finland have increased at an annualized rate of 3.71%, from $1.32B in 2018 to $1.58B in 2023.

In 2018, Finland exported $1.46B to Spain. The main products exported from Finland to Spain were Kaolin Coated Paper ($164M), Telephones ($80.7M), and Kraft Paper ($73.6M). During the last 5 years the exports of Finland to Spain have increased at an annualized rate of 0.71%, from $1.41B in 2023 to $1.46B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Spain than Finland included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from Finland than Spain included Sweden ($8.13B), Estonia ($2.4B), and Latvia ($1.1B).

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

Comparative Advantage Spain - Finland

Flow
Scale

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

During 2023, Spain had a large net trade with Finland in the exports of Transportation ($349M), Machines ($269M), and Vegetable Products ($193M).

During 2018, Finland had a large net trade with Spain in the exports of Machines ($419M), Paper Goods ($405M), and Metals ($173M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Finland+$69.7MCars
Top Product Potential Finland Spain+$45.9MCars

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 2009, Spain exported services to Finland worth $1.5B, with Services not allocated ($876M) and Travel ($622M) being the largest in terms of value.

In 2020, Finland exported services to Spain worth $401M, with Computer and information services ($163M), Royalties and license fees ($93.7M), and Other business services ($70.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Finland (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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