2023
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GDP
$296BCURRENT US$
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2013-2023
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GDP GROWTH
9.35%CURRENT US$
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2023
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 GDP
$1.73TCURRENT US$
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2013-2023
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GDP GROWTH
9.57%CURRENT US$
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2023
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GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC
$64,821CURRENT US$
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2013-2023
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GDP PC GROWTH
-4.94%CURRENT US$
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About

Finland-Australia Trade: In 2023, Finland exported $1.13B to Australia. The main products that Finland exported to Australia were Other Construction Vehicles ($137M), Delivery Trucks ($93.5M), and Large Construction Vehicles ($83M). Over the past 5 years the exports of Finland to Australia have increased at an annualized rate of 2.86%, from $977M in 2018 to $1.13B in 2023.

In 2020, Finland exported services to Australia worth $306M, with Computer and information services ($215M), Other business services ($42.3M), and Royalties and license fees ($28.6M) being the largest in terms of value.

Australia-Finland Trade: In 2023, Australia exported $272M to Finland. The main products that Australia exported to Finland were Copper Ore ($140M), Coal Briquettes ($45.2M), and Wine ($14.8M). Over the past 5 years the exports of Australia to Finland have increased at an annualized rate of 21.7%,  from $102M in 2018 to $272M in 2023.

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

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $1.13B to Australia. The main products exported from Finland to Australia were Other Construction Vehicles ($137M), Delivery Trucks ($93.5M), and Large Construction Vehicles ($83M). During the last 5 years the exports of Finland to Australia have increased at an annualized rate of 2.86%, from $977M in 2018 to $1.13B in 2023.

In 2018, Australia exported $272M to Finland. The main products exported from Australia to Finland were Copper Ore ($140M), Coal Briquettes ($45.2M), and Wine ($14.8M). During the last 5 years the exports of Australia to Finland have increased at an annualized rate of 21.7%, from $102M in 2023 to $272M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Australia (Flag)

Finland Exports

Australia Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Australia
Top Destination
China$137B

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

In 2023, countries that imported more from Finland than Australia included Sweden ($8.13B), Germany ($9.26B), and Netherlands ($5.51B).

In 2023, countries that imported more from Australia than Finland included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Finland - Australia

Flow
Scale

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

During 2023, Finland had a large net trade with Australia in the exports of Machines ($562M), Transportation ($168M), and Instruments ($79.2M).

During 2018, Australia had a large net trade with Finland in the exports of Mineral Products ($198M), Instruments ($17.6M), and Machines ($15.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Australia+$37.5MCars
Top Product Potential Australia Finland+$15.1MCoal Briquettes

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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Economic Complexity

Competitive Landscape

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

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

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