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
$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 195
2023
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GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Finland-New Zealand Trade: In 2023, Finland exported $133M to New Zealand. The main products that Finland exported to New Zealand were Pig Meat ($13.1M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Tractors ($11.1M). Over the past 5 years the exports of Finland to New Zealand have increased at an annualized rate of 1.45%, from $124M in 2018 to $133M in 2023.

In 2020, Finland exported services to New Zealand worth $66.2M, with Computer and information services ($53.7M), Other business services ($5.71M), and Construction services ($4.57M) being the largest in terms of value.

New Zealand-Finland Trade: In 2023, New Zealand exported $29.6M to Finland. The main products that New Zealand exported to Finland were Sheep and Goat Meat ($8.72M), Other Stone Articles ($4.16M), and Therapeutic Appliances ($3.38M). Over the past 5 years the exports of New Zealand to Finland have decreased at an annualized rate of 2.8%,  from $34.1M in 2018 to $29.6M in 2023.

In 2018, New Zealand exported services to Finland worth $58M, with Travel ($57.3M) and Royalties and license fees ($691k) 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $133M to New Zealand. The main products exported from Finland to New Zealand were Pig Meat ($13.1M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Tractors ($11.1M). During the last 5 years the exports of Finland to New Zealand have increased at an annualized rate of 1.45%, from $124M in 2018 to $133M in 2023.

In 2018, New Zealand exported $29.6M to Finland. The main products exported from New Zealand to Finland were Sheep and Goat Meat ($8.72M), Other Stone Articles ($4.16M), and Therapeutic Appliances ($3.38M). During the last 5 years the exports of New Zealand to Finland have decreased at an annualized rate of 2.8%, from $34.1M in 2023 to $29.6M in 2018.

Exports from Finland (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and New Zealand (Flag)

Finland Exports

New Zealand Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
New Zealand
Top Destination
China$12.3B

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

In 2023, countries that imported more from Finland than New Zealand included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

In 2023, countries that imported more from New Zealand than Finland included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

Difference in imports from New Zealand (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - New Zealand

Flow
Scale

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

During 2023, Finland had a large net trade with New Zealand in the exports of Machines ($40.5M), Chemical Products ($21M), and Transportation ($19.6M).

During 2018, New Zealand had a large net trade with Finland in the exports of Animal Products ($10.9M), Instruments ($4.29M), and Machines ($4.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland New Zealand+$2.99MCars
Top Product Potential New Zealand Finland+$1.37MWine

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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Bilateral Service Trade

In 2020, Finland exported services to New Zealand worth $66.2M, with Computer and information services ($53.7M), Other business services ($5.71M), and Construction services ($4.57M) being the largest in terms of value.

In 2018, New Zealand exported services to Finland worth $58M, with Travel ($57.3M) and Royalties and license fees ($691k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to New Zealand (Flag) (2020)

Services Exports from New Zealand (Flag) to Finland (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Finland (Flag) and New Zealand (Flag) (2023)

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