2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Finland-Norway Trade: In 2022, Finland exported $2.35B to Norway. The main products that Finland exported to Norway were Nickel Mattes ($269M), Rubber Tires ($92.3M), and Electrical Transformers ($71.9M). Over the past 5 years the exports of Finland to Norway have increased at an annualized rate of 5.99%, from $1.75B in 2017 to $2.35B in 2022.

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 2022, Norway exported $6.36B to Finland. The main products that Norway exported to Finland were Crude Petroleum ($5.05B), Non-fillet Fresh Fish ($176M), and Ferroalloys ($126M). Over the past 5 years the exports of Norway to Finland have increased at an annualized rate of 7.25%,  from $1.69B in 2017 to $6.36B in 2022.

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 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $2.35B to Norway. The main products exported from Finland to Norway were Nickel Mattes ($269M), Rubber Tires ($92.3M), and Electrical Transformers ($71.9M). During the last 5 years the exports of Finland to Norway have increased at an annualized rate of 5.99%, from $1.75B in 2017 to $2.35B in 2022.

In 2017, Norway exported $6.36B to Finland. The main products exported from Norway to Finland were Crude Petroleum ($5.05B), Non-fillet Fresh Fish ($176M), and Ferroalloys ($126M). During the last 5 years the exports of Norway to Finland have increased at an annualized rate of 7.25%, from $1.69B in 2022 to $6.36B in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Norway (Flag)

Finland Exports

Norway Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Norway
Top Destination
Germany$78.1B

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 2022, countries that imported more from Finland than Norway included United States ($9.17B), Estonia ($3.58B), and Russia ($2.14B).

In 2022, countries that imported more from Norway than Finland included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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 2022, Finland had a large net trade with Norway in the exports of Metals ($568M), Machines ($506M), and Transportation ($310M).

During 2017, Norway had a large net trade with Finland in the exports of Mineral Products ($5.22B), Metals ($436M), and Animal Products ($224M).

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) (2022)

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