2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
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$
Rnk 127 / 186
2022
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GDP PC
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186

About

Finland-Mexico Trade: In 2022, Finland exported $623M to Mexico. The main products that Finland exported to Mexico were Electric Motor Parts ($114M), Kaolin Coated Paper ($101M), and Integrated Circuits ($95M). Over the past 5 years the exports of Finland to Mexico have increased at an annualized rate of 9.83%, from $390M in 2017 to $623M in 2022.

In 2020, Finland exported services to Mexico worth $107M, with Computer and information services ($74.2M), Other business services ($24M), and Royalties and license fees ($6.85M) being the largest in terms of value.

Mexico-Finland Trade: In 2022, Mexico exported $283M to Finland. The main products that Mexico exported to Finland were Tractors ($54.9M), Recreational Boats ($41.7M), and Cars ($38.7M). Over the past 5 years the exports of Mexico to Finland have increased at an annualized rate of 5.46%,  from $217M in 2017 to $283M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $623M to Mexico. The main products exported from Finland to Mexico were Electric Motor Parts ($114M), Kaolin Coated Paper ($101M), and Integrated Circuits ($95M). During the last 5 years the exports of Finland to Mexico have increased at an annualized rate of 9.83%, from $390M in 2017 to $623M in 2022.

In 2017, Mexico exported $283M to Finland. The main products exported from Mexico to Finland were Tractors ($54.9M), Recreational Boats ($41.7M), and Cars ($38.7M). During the last 5 years the exports of Mexico to Finland have increased at an annualized rate of 5.46%, from $217M in 2022 to $283M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Mexico (Flag)

Finland Exports

Mexico Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Mexico
Top Destination
United States$421B

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

In 2022, countries that imported more from Finland than Mexico included Sweden ($9.1B), Netherlands ($5.88B), and Estonia ($3.58B).

In 2022, countries that imported more from Mexico than Finland included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Finland - Mexico

Flow
Scale

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

During 2022, Finland had a large net trade with Mexico in the exports of Machines ($373M), Paper Goods ($122M), and Instruments ($43.5M).

During 2017, Mexico had a large net trade with Finland in the exports of Transportation ($147M), Machines ($71.3M), and Instruments ($30.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Mexico+$17MIntegrated Circuits
Top Product Potential Mexico Finland+$48MCars

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

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

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