Finland (FIN) and China (CHN) Trade | The Observatory of Economic Complexity

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Finland-China Trade: In 2023, Finland exported $4.58B to China. The main products that Finland exported to China were Sulfate Chemical Woodpulp ($1.38B), Nickel Mattes ($218M), and Papermaking Machines ($187M). Over the past 5 years the exports of Finland to China have increased at an annualized rate of 0.97%, from $4.36B in 2018 to $4.58B in 2023.

In 2020, Finland exported services to China worth $916M, with Computer and information services ($556M), Other business services ($234M), and Transportation ($102M) being the largest in terms of value.

China-Finland Trade: In 2023, China exported $7.51B to Finland. The main products that China exported to Finland were Broadcasting Equipment ($858M), Electric Batteries ($680M), and Computers ($486M). Over the past 5 years the exports of China to Finland have increased at an annualized rate of 6.65%, from $5.44B in 2018 to $7.51B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $4.58B to China. The main products exported from Finland to China were Sulfate Chemical Woodpulp ($1.38B), Nickel Mattes ($218M), and Papermaking Machines ($187M). During the last 5 years the exports of Finland to China have increased at an annualized rate of 0.97%, from $4.36B in 2018 to $4.58B in 2023.

In 2018, China exported $7.51B to Finland. The main products exported from China to Finland were Broadcasting Equipment ($858M), Electric Batteries ($680M), and Computers ($486M). During the last 5 years the exports of China to Finland have increased at an annualized rate of 6.65%, from $5.44B in 2023 to $7.51B in 2018.

Exports from Finland () to China () (2023)

Exports from China () to Finland () (2023)

Latest Data

Trade between Finland () and China ()

Finland Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Finland than China included Estonia ($2.4B), Latvia ($1.1B), and Greenland ($6.35M).

In 2023, countries that imported more from China than Finland included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Finland - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with China in the exports of Paper Goods ($1.44B), Machines ($1.24B), and Chemical Products ($616M).

During 2018, China had a large net trade with Finland in the exports of Machines ($4.17B), Transportation ($727M), and Textiles ($534M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland China+$121MIntegrated Circuits

Top Product Potential China Finland+$236MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to China () (2023)

Exports from China () to Finland () (2023)

Latest Data

Trade between Finland () and China ()

Finland Exports

China Exports

Market Competitiveness

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

Comparative Advantage Finland - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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