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Pricing

2022
Flag → Flag
Exports $1.46MRnk 153 / 207
2022
Flag → Flag
Top Product $450kOrthopedic Appliances
2022
Flag → Flag
Exports $3.05MRnk 65 / 127
2022
Flag → Flag
Top Product $948kTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Finland-Iran Trade: In 2022, Finland exported $1.46M to Iran. The main products that Finland exported to Iran were Orthopedic Appliances ($450k), Sawn Wood ($367k), and Other Plastic Products ($321k). Over the past 5 years the exports of Finland to Iran have decreased at an annualized rate of 60%, from $142M in 2017 to $1.46M in 2022.

In 2022, Finland did not export any services to Iran.

Iran-Finland Trade: In 2022, Iran exported $3.05M to Finland. The main products that Iran exported to Finland were Tropical Fruits ($948k), Styrene Polymers ($620k), and Packing Bags ($490k). Over the past 5 years the exports of Iran to Finland have increased at an annualized rate of 6.41%,  from $2.24M in 2017 to $3.05M in 2022.

In 2022, Iran did not export any services to Finland.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $1.46M to Iran. The main products exported from Finland to Iran were Orthopedic Appliances ($450k), Sawn Wood ($367k), and Other Plastic Products ($321k). During the last 5 years the exports of Finland to Iran have decreased at an annualized rate of 60%, from $142M in 2017 to $1.46M in 2022.

In 2017, Iran exported $3.05M to Finland. The main products exported from Iran to Finland were Tropical Fruits ($948k), Styrene Polymers ($620k), and Packing Bags ($490k). During the last 5 years the exports of Iran to Finland have increased at an annualized rate of 6.41%, from $2.24M in 2022 to $3.05M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Iran (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top DestinationGermany$9.99B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Finland than Iran included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

In 2022, countries that imported more from Iran than Finland included Turkey ($3.17B), Kuwait ($960M), and China ($5.72B).

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

Comparative Advantage Finland - Iran

Flow
Scale

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

During 2022, Finland had a large net trade with Iran in the exports of Instruments ($470k), Wood Products ($367k), and Plastics and Rubbers ($321k).

During 2017, Iran had a large net trade with Finland in the exports of Vegetable Products ($1.05M), Textiles ($921k), and Plastics and Rubbers ($633k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Iran+$643kSawn Wood
Top Product Potential Iran Finland+$617kStyrene Polymers

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

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

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