2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Finland-Spain Trade: In 2022, Finland exported $1.46B to Spain. The main products that Finland exported to Spain were Kaolin Coated Paper ($149M), Kraft Paper ($94.4M), and Other Uncoated Paper ($71.6M). Over the past 5 years the exports of Finland to Spain have increased at an annualized rate of 3.91%, from $1.2B in 2017 to $1.46B in 2022.

In 2020, Finland exported services to Spain worth $401M, with Computer and information services ($163M), Royalties and license fees ($93.7M), and Other business services ($70.8M) being the largest in terms of value.

Spain-Finland Trade: In 2022, Spain exported $1.71B to Finland. The main products that Spain exported to Finland were Cars ($146M), Iron Structures ($89.6M), and Zinc Ore ($80.2M). Over the past 5 years the exports of Spain to Finland have increased at an annualized rate of 7.77%,  from $1.18B in 2017 to $1.71B in 2022.

In 2009, Spain exported services to Finland worth $1.5B, with Services not allocated ($876M) and Travel ($622M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $1.46B to Spain. The main products exported from Finland to Spain were Kaolin Coated Paper ($149M), Kraft Paper ($94.4M), and Other Uncoated Paper ($71.6M). During the last 5 years the exports of Finland to Spain have increased at an annualized rate of 3.91%, from $1.2B in 2017 to $1.46B in 2022.

In 2017, Spain exported $1.71B to Finland. The main products exported from Spain to Finland were Cars ($146M), Iron Structures ($89.6M), and Zinc Ore ($80.2M). During the last 5 years the exports of Spain to Finland have increased at an annualized rate of 7.77%, from $1.18B in 2022 to $1.71B in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Spain (Flag)

Finland Exports

Spain Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Finland than Spain included Sweden ($9.1B), Estonia ($3.58B), and Russia ($2.14B).

In 2022, countries that imported more from Spain than Finland included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

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

Comparative Advantage Finland - Spain

Flow
Scale

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

During 2022, Finland had a large net trade with Spain in the exports of Paper Goods ($451M), Machines ($330M), and Metals ($230M).

During 2017, Spain had a large net trade with Finland in the exports of Machines ($349M), Metals ($294M), and Transportation ($287M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Spain+$45.9MCars
Top Product Potential Spain Finland+$69.7MCars

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

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

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