Finland (FIN) and Lesotho (LSO) Trade | The Observatory of Economic Complexity

About

Finland-Lesotho Trade: In 2023, Finland exported $414k to Lesotho. The main products that Finland exported to Lesotho were Coin ($316k), Aluminium Structures ($44.6k), and Special Pharmaceuticals ($33.9k). Over the past 5 years the exports of Finland to Lesotho have increased at an annualized rate of 53.4%, from $48.7k in 2018 to $414k in 2023.

In 2023, Finland did not export any services to Lesotho.

Lesotho-Finland Trade: In 2023, Lesotho exported $202 to Finland. The main products that Lesotho exported to Finland were Electrical Transformers ($202). Over the past 5 years the exports of Lesotho to Finland have decreased at an annualized rate of 1.51%, from $218 in 2018 to $202 in 2023.

In 2023, Lesotho 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, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $414k to Lesotho. The main products exported from Finland to Lesotho were Coin ($316k), Aluminium Structures ($44.6k), and Special Pharmaceuticals ($33.9k). During the last 5 years the exports of Finland to Lesotho have increased at an annualized rate of 30.9%, from $247k in 2018 to $414k in 2023.

In 2018, Lesotho exported $202 to Finland. The main products exported from Lesotho to Finland were Electrical Transformers ($202). During the last 5 years the exports of Lesotho to Finland have decreased at an annualized rate of 23.9%, from $143k in 2023 to $202 in 2018.

Exports from Finland () to Lesotho () (2023)

Exports from Lesotho () to Finland () (2023)

Latest Data

Trade between Finland () and Lesotho ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Lesotho
Top DestinationSouth Africa$351M

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

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

In 2023, countries that imported more from Lesotho than Finland included Eswatini ($7.34M).

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

Comparative Advantage Finland - Lesotho

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Lesotho in the exports of Precious Metals ($316k), Metals ($63.5k), and Chemical Products ($33.9k).

During 2018, Lesotho had a large net trade with Finland in the exports of Machines ($202).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Lesotho+$2.73kRefined Petroleum

Top Product Potential Lesotho Finland+$2.17kKnit Women's Suits

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Lesotho () (2023)

Exports from Lesotho () to Finland () (2023)

Latest Data

Trade between Finland () and Lesotho ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Finland - Lesotho

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring