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2023
Flag → Flag
Exports $3.25BRnk 6 / 206
2023
Flag → Flag
Top Product $355MRefined Petroleum
2023
Flag → Flag
Exports $1.92BRnk 34 / 223
2023
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Top Product $447MCrude Petroleum
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Finland-United Kingdom Trade: In 2023, Finland exported $3.25B to United Kingdom. The main products that Finland exported to United Kingdom were Refined Petroleum ($355M), Kaolin Coated Paper ($296M), and Sawn Wood ($233M). Over the past 5 years the exports of Finland to United Kingdom have decreased at an annualized rate of 0.82%, from $3.38B in 2018 to $3.25B in 2023.

In 2020, Finland exported services to United Kingdom worth $1.18B, with Computer and information services ($579M), Other business services ($336M), and Transportation ($93.7M) being the largest in terms of value.

United Kingdom-Finland Trade: In 2023, United Kingdom exported $1.92B to Finland. The main products that United Kingdom exported to Finland were Crude Petroleum ($447M), Cars ($199M), and Packaged Medicaments ($55.3M). Over the past 5 years the exports of United Kingdom to Finland have decreased at an annualized rate of 0.98%,  from $2.01B in 2018 to $1.92B in 2023.

In 2019, United Kingdom exported services to Finland worth $1.53B, with Other business services ($562M), Financial services ($416M), and Travel ($217M) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $3.25B to United Kingdom. The main products exported from Finland to United Kingdom were Refined Petroleum ($355M), Kaolin Coated Paper ($296M), and Sawn Wood ($233M). During the last 5 years the exports of Finland to United Kingdom have decreased at an annualized rate of 0.82%, from $3.38B in 2018 to $3.25B in 2023.

In 2018, United Kingdom exported $1.92B to Finland. The main products exported from United Kingdom to Finland were Crude Petroleum ($447M), Cars ($199M), and Packaged Medicaments ($55.3M). During the last 5 years the exports of United Kingdom to Finland have decreased at an annualized rate of 0.98%, from $2.01B in 2023 to $1.92B in 2018.

Exports from Finland (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and United Kingdom (Flag)

Finland Exports

United Kingdom Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Finland than United Kingdom included Sweden ($8.13B), Estonia ($2.4B), and Latvia ($1.1B).

In 2023, countries that imported more from United Kingdom than Finland included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - United Kingdom

Flow
Scale

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

During 2023, Finland had a large net trade with United Kingdom in the exports of Paper Goods ($631M), Machines ($571M), and Mineral Products ($395M).

During 2018, United Kingdom had a large net trade with Finland in the exports of Mineral Products ($512M), Machines ($365M), and Transportation ($284M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland United Kingdom+$131MCars
Top Product Potential United Kingdom Finland+$67.8MCars

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 United Kingdom worth $1.18B, with Computer and information services ($579M), Other business services ($336M), and Transportation ($93.7M) being the largest in terms of value.

In 2019, United Kingdom exported services to Finland worth $1.53B, with Other business services ($562M), Financial services ($416M), and Travel ($217M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (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 United Kingdom. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Finland.

Product Space of Finland (Flag) and United Kingdom (Flag) (2023)

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