2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
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GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
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GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Finland-Norway Trade: In 2023, Finland exported $2.38B to Norway. The main products that Finland exported to Norway were Nickel Mattes ($316M), Electrical Transformers ($102M), and Rubber Tires ($82.5M). Over the past 5 years the exports of Finland to Norway have increased at an annualized rate of 3.66%, from $1.98B in 2018 to $2.38B in 2023.

In 2020, Finland exported services to Norway worth $700M, with Computer and information services ($308M), Other business services ($163M), and Transportation ($132M) being the largest in terms of value.

Norway-Finland Trade: In 2023, Norway exported $6.38B to Finland. The main products that Norway exported to Finland were Crude Petroleum ($5.01B), Non-fillet Fresh Fish ($316M), and Petroleum Gas ($172M). Over the past 5 years the exports of Norway to Finland have increased at an annualized rate of 23.5%,  from $2.22B in 2018 to $6.38B in 2023.

In 2009, Norway exported services to Finland worth $865M, with Other business services ($374M), Travel ($195M), and Transportation ($138M) 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $2.38B to Norway. The main products exported from Finland to Norway were Nickel Mattes ($316M), Electrical Transformers ($102M), and Rubber Tires ($82.5M). During the last 5 years the exports of Finland to Norway have increased at an annualized rate of 3.66%, from $1.98B in 2018 to $2.38B in 2023.

In 2018, Norway exported $6.38B to Finland. The main products exported from Norway to Finland were Crude Petroleum ($5.01B), Non-fillet Fresh Fish ($316M), and Petroleum Gas ($172M). During the last 5 years the exports of Norway to Finland have increased at an annualized rate of 23.5%, from $2.22B in 2023 to $6.38B in 2018.

Exports from Finland (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Norway (Flag)

Finland Exports

Norway Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Norway
Top Destination
Germany$33.8B

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

In 2023, countries that imported more from Finland than Norway included United States ($9.68B), Estonia ($2.4B), and Switzerland ($1.71B).

In 2023, countries that imported more from Norway than Finland included United Kingdom ($32.6B), Germany ($33.8B), and Denmark ($12.7B).

Difference in imports from Norway (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Norway

Flow
Scale

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

During 2023, Finland had a large net trade with Norway in the exports of Metals ($625M), Machines ($611M), and Transportation ($269M).

During 2018, Norway had a large net trade with Finland in the exports of Mineral Products ($5.29B), Animal Products ($359M), and Metals ($297M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Norway+$51.2MCars
Top Product Potential Norway Finland+$218MPetroleum Gas

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

Product Space of Finland (Flag) and Norway (Flag) (2023)

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