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2023
Flag → Flag
Exports $3.56MRnk 137 / 206
2023
Flag → Flag
Top Product $3.55MElectric Motor Parts
2023
Flag → Flag
Exports $98Rnk 75 / 76
2023
Flag → Flag
Top Product $98Other Measuring Instruments
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
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GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 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$6,678CURRENT US$
Rnk 108 / 196
2013-2023
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GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 195

About

Finland-Equatorial Guinea Trade: In 2023, Finland exported $3.56M to Equatorial Guinea. The main products that Finland exported to Equatorial Guinea were Electric Motor Parts ($3.55M), Transmissions ($8.86k), and Other Measuring Instruments ($1.78k). Over the past 5 years the exports of Finland to Equatorial Guinea have increased at an annualized rate of 307%, from $3.2k in 2018 to $3.56M in 2023.

In 2023, Finland did not export any services to Equatorial Guinea.

Equatorial Guinea-Finland Trade: In 2023, Equatorial Guinea exported $98 to Finland. The main products that Equatorial Guinea exported to Finland were Other Measuring Instruments ($98). Over the past 5 years the exports of Equatorial Guinea to Finland have decreased at an annualized rate of 42.9%,  from $1.61k in 2018 to $98 in 2023.

In 2023, Equatorial Guinea 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, Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $3.56M to Equatorial Guinea. The main products exported from Finland to Equatorial Guinea were Electric Motor Parts ($3.55M), Transmissions ($8.86k), and Other Measuring Instruments ($1.78k). During the last 5 years the exports of Finland to Equatorial Guinea have increased at an annualized rate of 307%, from $3.2k in 2018 to $3.56M in 2023.

In 2018, Equatorial Guinea exported $98 to Finland. The main products exported from Equatorial Guinea to Finland were Other Measuring Instruments ($98). During the last 5 years the exports of Equatorial Guinea to Finland have decreased at an annualized rate of 42.9%, from $1.61k in 2023 to $98 in 2018.

Exports from Finland (Flag) to Equatorial Guinea (Flag) (2023)

Exports from Equatorial Guinea (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Equatorial Guinea (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Equatorial Guinea
Top DestinationChina$1.37B

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

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

In 2023, countries that imported more from Equatorial Guinea than Finland included El Salvador ($27M), Sao Tome and Principe ($1.6M), and Central African Republic ($711k).

Difference in imports from Equatorial Guinea (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Equatorial Guinea

Flow
Scale

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

During 2023, Finland had a large net trade with Equatorial Guinea in the exports of Machines ($3.56M), Instruments ($1.78k), and Chemical Products ($33).

During 2018, Equatorial Guinea had a large net trade with Finland in the exports of Instruments ($98).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Equatorial Guinea+$10.1kAir Pumps
Top Product Potential Equatorial Guinea Finland+$7.7kOther Measuring Instruments

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

Product Space of Finland (Flag) and Equatorial Guinea (Flag) (2023)

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