Finland (FIN) and Benin (BEN) Trade | The Observatory of Economic Complexity

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Finland-Benin Trade: In 2023, Finland exported $2.11M to Benin. The main products that Finland exported to Benin were Stone Processing Machines ($660k), Special Pharmaceuticals ($500k), and Poultry Meat ($296k). Over the past 5 years the exports of Finland to Benin have decreased at an annualized rate of 19.1%, from $6.11M in 2018 to $2.11M in 2023.

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

Benin-Finland Trade: In 2023, Benin exported $72k to Finland. The main products that Benin exported to Finland were Coconuts, Brazil Nuts, and Cashews ($55.3k), Paintings ($16.7k), and Animal or Vegetable Fertilizers ($1). Over the past 5 years the exports of Benin to Finland have increased at an annualized rate of 123%, from $587 in 2018 to $72k in 2023.

In 2023, Benin 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, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $2.11M to Benin. The main products exported from Finland to Benin were Stone Processing Machines ($660k), Special Pharmaceuticals ($500k), and Poultry Meat ($296k). During the last 5 years the exports of Finland to Benin have decreased at an annualized rate of 19.1%, from $6.11M in 2018 to $2.11M in 2023.

In 2018, Benin exported $72k to Finland. The main products exported from Benin to Finland were Coconuts, Brazil Nuts, and Cashews ($55.3k), Paintings ($16.7k), and Animal or Vegetable Fertilizers ($1). During the last 5 years the exports of Benin to Finland have increased at an annualized rate of 123%, from $587 in 2023 to $72k in 2018.

Exports from Finland () to Benin () (2023)

Exports from Benin () to Finland () (2023)

Latest Data

Trade between Finland () and Benin ()

Finland Exports

Date

Benin Exports

Date

Dec 2017

Oct 2016

Mar 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Benin
Top DestinationUnited Arab Emirates$803M

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

In 2023, countries that imported more from Finland than Benin included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Benin than Finland included United Arab Emirates ($803M), Bangladesh ($391M), and Togo ($53.9M).

Difference in imports from Benin () and Finland () (2023)

Comparative Advantage Finland - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Benin in the exports of Machines ($1.06M), Chemical Products ($500k), and Animal Products ($296k).

During 2018, Benin had a large net trade with Finland in the exports of Vegetable Products ($55.3k), Arts and Antiques ($16.7k), and Chemical Products ($1).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Benin+$218kExcavation Machinery

Top Product Potential Benin Finland+$7.33kTropical Fruits

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Benin () (2023)

Exports from Benin () to Finland () (2023)

Latest Data

Trade between Finland () and Benin ()

Finland Exports

Benin Exports

Market Competitiveness

Difference in imports from Benin () and Finland () (2023)

Comparative Advantage Finland - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Benin () (2023)

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