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2022
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Exports $1.71BRnk 36 / 218
2022
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Top Product $146MCars
2022
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Exports $1.46BRnk 17 / 207
2022
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Top Product $149MKaolin Coated Paper
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
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2022
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 GDP$281BCURRENT US$
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2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $29,350CURRENT US$
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2012-2022
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GDP PC GROWTH3.63%CURRENT US$
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2022
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GDP PC$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Spain-Finland Trade: In 2022, Spain exported $1.71B to Finland. The main products that Spain exported to Finland were Cars ($146M), Iron Structures ($89.6M), and Zinc Ore ($80.2M). Over the past 5 years the exports of Spain to Finland have increased at an annualized rate of 7.77%, from $1.18B in 2017 to $1.71B in 2022.

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 2022, Finland exported $1.46B to Spain. The main products that Finland exported to Spain were Kaolin Coated Paper ($149M), Kraft Paper ($94.4M), and Other Uncoated Paper ($71.6M). Over the past 5 years the exports of Finland to Spain have increased at an annualized rate of 3.91%,  from $1.2B in 2017 to $1.46B in 2022.

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 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €79M and imported €105M from Finland, resulting in a negative trade balance of €25.6M. Between August 2023 and August 2024 the exports of Spain have increased by €5.45M (7.41%) from €73.5M to €79M, while imports increased by €11.1M (11.8%) from €93.6M to €105M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Huelva (€21.8M), Barcelona (€10.1M), Madrid (€5.48M), Toledo (€2.81M), and A Coruña (€2.57M), while imports destinations were mainly Madrid (€19.3M), Barcelona (€13.8M), Vizcaya (€11.6M), Valencia (€7.51M), and Cantabria (Santander) (€6.78M).

Growth In August 2024, the increase in Spain's year-by-year exports to Finland was explained primarily by an increase in product exports in Petroleum Gas (€5.37M or 4.36M%), Iron Structures (€4.99M or 1.03k%), and Cars (€3.96M or 50.5%). In August 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 (August 2023 - August 2024)€5.45M(7.41%)
IMPORT GROWTH (August 2023 - August 2024)€11.1M(11.8%)
MAIN EXPORTER (August 2024)Huelva€21.8M

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 2022, Spain exported $1.71B to Finland. The main products exported from Spain to Finland were Cars ($146M), Iron Structures ($89.6M), and Zinc Ore ($80.2M). During the last 5 years the exports of Spain to Finland have increased at an annualized rate of 7.77%, from $1.18B in 2017 to $1.71B in 2022.

In 2017, Finland exported $1.46B to Spain. The main products exported from Finland to Spain were Kaolin Coated Paper ($149M), Kraft Paper ($94.4M), and Other Uncoated Paper ($71.6M). During the last 5 years the exports of Finland to Spain have increased at an annualized rate of 3.91%, from $1.2B in 2022 to $1.46B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Finland
Top DestinationGermany$9.99B

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 2022, countries that imported more from Spain than Finland included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Finland than Spain included Sweden ($9.1B), Estonia ($3.58B), and Russia ($2.14B).

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

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 2022, Spain had a large net trade with Finland in the exports of Machines ($349M), Metals ($294M), and Transportation ($287M).

During 2017, Finland had a large net trade with Spain in the exports of Paper Goods ($451M), Machines ($330M), and Metals ($230M).

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) (2022)

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