Finland (FIN) and Namibia (NAM) Trade | The Observatory of Economic Complexity

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Finland-Namibia Trade: In 2023, Finland exported $14.6M to Namibia. The main products that Finland exported to Namibia were Large Construction Vehicles ($3.9M), Other Construction Vehicles ($3.71M), and Delivery Trucks ($2M). Over the past 5 years the exports of Finland to Namibia have decreased at an annualized rate of 0.87%, from $15.2M in 2018 to $14.6M in 2023.

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

Namibia-Finland Trade: In 2023, Namibia exported $10.3M to Finland. The main products that Namibia exported to Finland were Cobalt Oxides and Hydroxides ($9.41M), Grapes ($392k), and Raw Furskins ($143k). Over the past 5 years the exports of Namibia to Finland have decreased at an annualized rate of 5.3%, from $13.5M in 2018 to $10.3M in 2023.

In 2023, Namibia 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, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $14.6M to Namibia. The main products exported from Finland to Namibia were Large Construction Vehicles ($3.9M), Other Construction Vehicles ($3.71M), and Delivery Trucks ($2M). During the last 5 years the exports of Finland to Namibia have decreased at an annualized rate of 0.87%, from $15.2M in 2018 to $14.6M in 2023.

In 2018, Namibia exported $10.3M to Finland. The main products exported from Namibia to Finland were Cobalt Oxides and Hydroxides ($9.41M), Grapes ($392k), and Raw Furskins ($143k). During the last 5 years the exports of Namibia to Finland have decreased at an annualized rate of 5.3%, from $13.5M in 2023 to $10.3M in 2018.

Exports from Finland () to Namibia () (2023)

Exports from Namibia () to Finland () (2023)

Latest Data

Trade between Finland () and Namibia ()

Finland Exports

Date

Namibia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Namibia
Top DestinationSouth Africa$1.71B

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

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

In 2023, countries that imported more from Namibia than Finland included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

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

Comparative Advantage Finland - Namibia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Namibia in the exports of Machines ($9.39M), Transportation ($2.67M), and Instruments ($747k).

During 2018, Namibia had a large net trade with Finland in the exports of Chemical Products ($9.41M), Vegetable Products ($392k), and Animal Hides ($148k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Namibia+$331kExcavation Machinery

Top Product Potential Namibia Finland+$138kGrapes

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Namibia () (2023)

Exports from Namibia () to Finland () (2023)

Latest Data

Trade between Finland () and Namibia ()

Finland Exports

Namibia Exports

Market Competitiveness

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

Comparative Advantage Finland - Namibia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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