2023
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GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP
$343BCURRENT US$
Rnk 44 / 195
2013-2023
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GDP GROWTH
61.1%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
$31,591CURRENT US$
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2013-2023
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GDP PC GROWTH
55.9%CURRENT US$
Rnk 36 / 195

About

Finland-Czechia Trade: In 2023, Finland exported $672M to Czechia. The main products that Finland exported to Czechia were Large Flat-Rolled Stainless Steel ($55M), Kaolin Coated Paper ($39.7M), and Broadcasting Equipment ($29.1M). Over the past 5 years the exports of Finland to Czechia have increased at an annualized rate of 5.79%, from $507M in 2018 to $672M in 2023.

In 2020, Finland exported services to Czechia worth $128M, with Computer and information services ($67.4M), Other business services ($35.4M), and Transportation ($10.3M) being the largest in terms of value.

Czechia-Finland Trade: In 2023, Czechia exported $1.19B to Finland. The main products that Czechia exported to Finland were Cars ($341M), Motor vehicles; parts and accessories (8701 to 8705) ($41.6M), and Centrifuges ($35.5M). Over the past 5 years the exports of Czechia to Finland have increased at an annualized rate of 0.9%,  from $1.14B in 2018 to $1.19B in 2023.

In 2019, Czechia exported services to Finland worth $234M, with Computer and information services ($122M), Transportation ($44.9M), and Travel ($42.8M) being the largest in terms of value.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $672M to Czechia. The main products exported from Finland to Czechia were Large Flat-Rolled Stainless Steel ($55M), Kaolin Coated Paper ($39.7M), and Broadcasting Equipment ($29.1M). During the last 5 years the exports of Finland to Czechia have increased at an annualized rate of 5.79%, from $507M in 2018 to $672M in 2023.

In 2018, Czechia exported $1.19B to Finland. The main products exported from Czechia to Finland were Cars ($341M), Motor vehicles; parts and accessories (8701 to 8705) ($41.6M), and Centrifuges ($35.5M). During the last 5 years the exports of Czechia to Finland have increased at an annualized rate of 0.9%, from $1.14B in 2023 to $1.19B in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Czechia (Flag)

Finland Exports

Czechia Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Czechia
Top Destination
Germany$64.2B

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

In 2023, countries that imported more from Finland than Czechia included Sweden ($8.13B), United States ($9.68B), and Estonia ($2.4B).

In 2023, countries that imported more from Czechia than Finland included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

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

Comparative Advantage Finland - Czechia

Flow
Scale

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

During 2023, Finland had a large net trade with Czechia in the exports of Machines ($200M), Metals ($131M), and Paper Goods ($84.8M).

During 2018, Czechia had a large net trade with Finland in the exports of Transportation ($411M), Machines ($378M), and Metals ($147M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Czechia+$15.3MTelephones
Top Product Potential Czechia Finland+$51.1MCars

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 Czechia worth $128M, with Computer and information services ($67.4M), Other business services ($35.4M), and Transportation ($10.3M) being the largest in terms of value.

In 2019, Czechia exported services to Finland worth $234M, with Computer and information services ($122M), Transportation ($44.9M), and Travel ($42.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Czechia (Flag) to Finland (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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