2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Finland-Canada Trade: In 2022, Finland exported $1.17B to Canada. The main products that Finland exported to Canada were Nickel Mattes ($121M), Other Construction Vehicles ($93M), and Cars ($86.7M). Over the past 5 years the exports of Finland to Canada have increased at an annualized rate of 9.54%, from $742M in 2017 to $1.17B in 2022.

In 2020, Finland exported services to Canada worth $147M, with Computer and information services ($86.8M), Royalties and license fees ($26.3M), and Other business services ($25.1M) being the largest in terms of value.

Canada-Finland Trade: In 2022, Canada exported $590M to Finland. The main products that Canada exported to Finland were Nickel Ore ($173M), Copper Ore ($109M), and Coal Briquettes ($54.6M). Over the past 5 years the exports of Canada to Finland have increased at an annualized rate of 2.4%,  from $524M in 2017 to $590M in 2022.

In 2020, Canada exported services to Finland worth $38M, with Transportation ($11.9M), Royalties and license fees ($11.2M), and Travel ($8.95M) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $1.17B to Canada. The main products exported from Finland to Canada were Nickel Mattes ($121M), Other Construction Vehicles ($93M), and Cars ($86.7M). During the last 5 years the exports of Finland to Canada have increased at an annualized rate of 9.54%, from $742M in 2017 to $1.17B in 2022.

In 2017, Canada exported $590M to Finland. The main products exported from Canada to Finland were Nickel Ore ($173M), Copper Ore ($109M), and Coal Briquettes ($54.6M). During the last 5 years the exports of Canada to Finland have increased at an annualized rate of 2.4%, from $524M in 2022 to $590M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Canada (Flag)

Finland Exports

Canada Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Canada
Top Destination
United States$438B

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

In 2022, countries that imported more from Finland than Canada included Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

In 2022, countries that imported more from Canada than Finland included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Finland - Canada

Flow
Scale

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

During 2022, Finland had a large net trade with Canada in the exports of Machines ($417M), Metals ($179M), and Transportation ($147M).

During 2017, Canada had a large net trade with Finland in the exports of Mineral Products ($343M), Transportation ($59.5M), and Machines ($57.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Canada+$63MCars
Top Product Potential Canada Finland+$21.1MCars

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 2020, Finland exported services to Canada worth $147M, with Computer and information services ($86.8M), Royalties and license fees ($26.3M), and Other business services ($25.1M) being the largest in terms of value.

In 2020, Canada exported services to Finland worth $38M, with Transportation ($11.9M), Royalties and license fees ($11.2M), and Travel ($8.95M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Finland (Flag) and Canada (Flag) (2022)

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