Finland (FIN) and Gambia (GMB) Trade | The Observatory of Economic Complexity

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Finland-Gambia Trade: In 2023, Finland exported $2.15M to Gambia. The main products that Finland exported to Gambia were Electric Motors ($619k), Cars ($423k), and Sawn Wood ($250k). Over the past 5 years the exports of Finland to Gambia have increased at an annualized rate of 3.94%, from $1.77M in 2018 to $2.15M in 2023.

In 2023, Finland did not export any services to Gambia.

Gambia-Finland Trade: In 2023, Gambia exported $40.9k to Finland. The main products that Gambia exported to Finland were Semiconductor Devices ($37.6k), Glands and Other Organs ($2.42k), and Perfume Plants ($498). Over the past 5 years the exports of Gambia to Finland have decreased at an annualized rate of 2.35%, from $46.1k in 2018 to $40.9k in 2023.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $2.15M to Gambia. The main products exported from Finland to Gambia were Electric Motors ($619k), Cars ($423k), and Sawn Wood ($250k). During the last 5 years the exports of Finland to Gambia have increased at an annualized rate of 3.94%, from $1.77M in 2018 to $2.15M in 2023.

In 2018, Gambia exported $40.9k to Finland. The main products exported from Gambia to Finland were Semiconductor Devices ($37.6k), Glands and Other Organs ($2.42k), and Perfume Plants ($498). During the last 5 years the exports of Gambia to Finland have decreased at an annualized rate of 2.35%, from $46.1k in 2023 to $40.9k in 2018.

Exports from Finland () to Gambia () (2023)

Exports from Gambia () to Finland () (2023)

Latest Data

Trade between Finland () and Gambia ()

Finland Exports

Date

Gambia Exports

Date

Apr 2019

Apr 2018

Mar 2017

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Gambia
Top DestinationKazakhstan$2.91B

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

In 2023, countries that imported more from Finland than Gambia included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Gambia than Finland included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and North Korea ($8.03k).

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

Comparative Advantage Finland - Gambia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Gambia in the exports of Machines ($982k), Transportation ($578k), and Wood Products ($338k).

During 2018, Gambia had a large net trade with Finland in the exports of Machines ($37.6k), Chemical Products ($2.81k), and Vegetable Products ($520).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Gambia+$245kCars

Top Product Potential Gambia Finland+$2.45kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Gambia () (2023)

Exports from Gambia () to Finland () (2023)

Latest Data

Trade between Finland () and Gambia ()

Finland Exports

Gambia Exports

Market Competitiveness

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

Comparative Advantage Finland - Gambia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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