Finland (FIN) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Finland-Ireland Trade: In 2023, Finland exported $247M to Ireland. The main products that Finland exported to Ireland were Electrical Transformers ($14.6M), Sawn Wood ($14.2M), and Kaolin Coated Paper ($14.1M). Over the past 5 years the exports of Finland to Ireland have increased at an annualized rate of 5.83%, from $186M in 2018 to $247M in 2023.

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 2023, Ireland exported $545M to Finland. The main products that Ireland exported to Finland were Packaged Medicaments ($128M), Zinc Ore ($57.5M), and Computers ($47.3M). Over the past 5 years the exports of Ireland to Finland have decreased at an annualized rate of 0.082%, from $548M in 2018 to $545M in 2023.

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 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $247M to Ireland. The main products exported from Finland to Ireland were Electrical Transformers ($14.6M), Sawn Wood ($14.2M), and Kaolin Coated Paper ($14.1M). During the last 5 years the exports of Finland to Ireland have increased at an annualized rate of 5.83%, from $186M in 2018 to $247M in 2023.

In 2018, Ireland exported $545M to Finland. The main products exported from Ireland to Finland were Packaged Medicaments ($128M), Zinc Ore ($57.5M), and Computers ($47.3M). During the last 5 years the exports of Ireland to Finland have decreased at an annualized rate of 0.082%, from $548M in 2023 to $545M in 2018.

Exports from Finland () to Ireland () (2023)

Exports from Ireland () to Finland () (2023)

Latest Data

Trade between Finland () and Ireland ()

Finland Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Ireland
Top DestinationUnited States$67.4B

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 2023, countries that imported more from Finland than Ireland included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

In 2023, countries that imported more from Ireland than Finland included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Finland - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Ireland in the exports of Machines ($84.8M), Paper Goods ($33.1M), and Wood Products ($28.7M).

During 2018, Ireland had a large net trade with Finland in the exports of Chemical Products ($219M), Machines ($162M), and Mineral Products ($57.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Irl Year

Fin Year

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 () to Ireland () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Ireland () (2023)

Exports from Ireland () to Finland () (2023)

Latest Data

Trade between Finland () and Ireland ()

Finland Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Finland - Ireland

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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