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
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Finland-Ireland Trade: In 2022, Finland exported $267M to Ireland. The main products that Finland exported to Ireland were Kaolin Coated Paper ($22.4M), Sawn Wood ($16.2M), and Other Agricultural Machinery ($9.38M). Over the past 5 years the exports of Finland to Ireland have decreased at an annualized rate of 5.04%, from $345M in 2017 to $267M in 2022.

In 2020, Finland exported services to Ireland worth $1.09B, with Computer and information services ($745M), Other business services ($287M), and Transportation ($14.8M) being the largest in terms of value.

Ireland-Finland Trade: In 2022, Ireland exported $540M to Finland. The main products that Ireland exported to Finland were Zinc Ore ($121M), Packaged Medicaments ($114M), and Computers ($44.4M). Over the past 5 years the exports of Ireland to Finland have increased at an annualized rate of 2.82%,  from $470M in 2017 to $540M in 2022.

In 2020, Ireland exported services to Finland worth $434M, with Financial services ($208M), Other business services ($139M), and Insurance services ($49.1M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $267M to Ireland. The main products exported from Finland to Ireland were Kaolin Coated Paper ($22.4M), Sawn Wood ($16.2M), and Other Agricultural Machinery ($9.38M). During the last 5 years the exports of Finland to Ireland have decreased at an annualized rate of 5.04%, from $345M in 2017 to $267M in 2022.

In 2017, Ireland exported $540M to Finland. The main products exported from Ireland to Finland were Zinc Ore ($121M), Packaged Medicaments ($114M), and Computers ($44.4M). During the last 5 years the exports of Ireland to Finland have increased at an annualized rate of 2.82%, from $470M in 2022 to $540M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Ireland (Flag)

Finland Exports

Ireland Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Ireland
Top Destination
United States$70.7B

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

In 2022, countries that imported more from Finland than Ireland included Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

In 2022, countries that imported more from Ireland than Finland included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Finland - Ireland

Flow
Scale

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

During 2022, Finland had a large net trade with Ireland in the exports of Machines ($83.5M), Paper Goods ($40.3M), and Wood Products ($29.7M).

During 2017, Ireland had a large net trade with Finland in the exports of Chemical Products ($193M), Machines ($128M), and Mineral Products ($122M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Ireland+$8.82MRefined Petroleum
Top Product Potential Ireland Finland+$28.2MPackaged Medicaments

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 Ireland worth $1.09B, with Computer and information services ($745M), Other business services ($287M), and Transportation ($14.8M) being the largest in terms of value.

In 2020, Ireland exported services to Finland worth $434M, with Financial services ($208M), Other business services ($139M), and Insurance services ($49.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Ireland (Flag) (2020)

Services Exports from Ireland (Flag) to Finland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Finland and Ireland. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Finland.

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

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