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2023
Flag → Flag
Exports $105MRnk 62 / 206
2023
Flag → Flag
Top Product $9.59MElectrical Control Boards
2023
Flag → Flag
Exports $74.5MRnk 64 / 198
2023
Flag → Flag
Top Product $29.4MBuses
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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Economic Complexity (ECI) ECI 1.12Rnk 23 / 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$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Finland-Hong Kong Trade: In 2023, Finland exported $105M to Hong Kong. The main products that Finland exported to Hong Kong were Electrical Control Boards ($9.59M), Sulfate Chemical Woodpulp ($5.37M), and Broadcasting Equipment ($4.74M). Over the past 5 years the exports of Finland to Hong Kong have decreased at an annualized rate of 7.84%, from $157M in 2018 to $105M in 2023.

In 2020, Finland exported services to Hong Kong worth $69.7M, with Transportation ($32M), Computer and information services ($22.8M), and Other business services ($13.7M) being the largest in terms of value.

Hong Kong-Finland Trade: In 2023, Hong Kong exported $74.5M to Finland. The main products that Hong Kong exported to Finland were Buses ($29.4M), Broadcasting Equipment ($7.36M), and Printed Circuit Boards ($4.28M). Over the past 5 years the exports of Hong Kong to Finland have decreased at an annualized rate of 20.1%,  from $228M in 2018 to $74.5M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $105M to Hong Kong. The main products exported from Finland to Hong Kong were Electrical Control Boards ($9.59M), Sulfate Chemical Woodpulp ($5.37M), and Broadcasting Equipment ($4.74M). During the last 5 years the exports of Finland to Hong Kong have decreased at an annualized rate of 7.84%, from $157M in 2018 to $105M in 2023.

In 2018, Hong Kong exported $74.5M to Finland. The main products exported from Hong Kong to Finland were Buses ($29.4M), Broadcasting Equipment ($7.36M), and Printed Circuit Boards ($4.28M). During the last 5 years the exports of Hong Kong to Finland have decreased at an annualized rate of 20.1%, from $228M in 2023 to $74.5M in 2018.

Exports from Finland (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Hong Kong (Flag)

Finland Exports

Hong Kong Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Hong Kong
Top DestinationChina$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Finland included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Hong Kong

Flow
Scale

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

During 2023, Finland had a large net trade with Hong Kong in the exports of Machines ($37.1M), Instruments ($17.8M), and Transportation ($10M).

During 2018, Hong Kong had a large net trade with Finland in the exports of Transportation ($29.5M), Machines ($25.5M), and Instruments ($8.47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Hong Kong+$10.1MIntegrated Circuits
Top Product Potential Hong Kong Finland+$10.7MIntegrated Circuits

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

Product Space of Finland (Flag) and Hong Kong (Flag) (2023)

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