2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC
$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195

About

Finland-Brazil Trade: In 2023, Finland exported $896M to Brazil. The main products that Finland exported to Brazil were Mixed Mineral or Chemical Fertilizers ($81.9M), Special Pharmaceuticals ($49.5M), and Papermaking Machines ($47.7M). Over the past 5 years the exports of Finland to Brazil have increased at an annualized rate of 13.5%, from $476M in 2018 to $896M in 2023.

In 2020, Finland exported services to Brazil worth $270M, with Computer and information services ($159M), Other business services ($105M), and Royalties and license fees ($3.43M) being the largest in terms of value.

Brazil-Finland Trade: In 2023, Brazil exported $792M to Finland. The main products that Brazil exported to Finland were Copper Ore ($175M), Nickel Ore ($143M), and Coffee ($92M). Over the past 5 years the exports of Brazil to Finland have increased at an annualized rate of 7.28%,  from $557M in 2018 to $792M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $896M to Brazil. The main products exported from Finland to Brazil were Mixed Mineral or Chemical Fertilizers ($81.9M), Special Pharmaceuticals ($49.5M), and Papermaking Machines ($47.7M). During the last 5 years the exports of Finland to Brazil have increased at an annualized rate of 13.5%, from $476M in 2018 to $896M in 2023.

In 2018, Brazil exported $792M to Finland. The main products exported from Brazil to Finland were Copper Ore ($175M), Nickel Ore ($143M), and Coffee ($92M). During the last 5 years the exports of Brazil to Finland have increased at an annualized rate of 7.28%, from $557M in 2023 to $792M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Brazil (Flag)

Finland Exports

Brazil Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Brazil
Top Destination
China$106B

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

In 2023, countries that imported more from Finland than Brazil included Sweden ($8.13B), Estonia ($2.4B), and Germany ($9.26B).

In 2023, countries that imported more from Brazil than Finland included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Finland - Brazil

Flow
Scale

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

During 2023, Finland had a large net trade with Brazil in the exports of Machines ($393M), Chemical Products ($228M), and Transportation ($89.4M).

During 2018, Brazil had a large net trade with Finland in the exports of Mineral Products ($377M), Foodstuffs ($109M), and Vegetable Products ($106M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Brazil+$15.2MRefined Petroleum
Top Product Potential Brazil Finland+$6.49MRaw Sugar

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 Brazil. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Finland.

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

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