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2023
Flag → Flag
Exports $502MRnk 30 / 206
2023
Flag → Flag
Top Product $92MSawn Wood
2023
Flag → Flag
Exports $34.6MRnk 97 / 182
2023
Flag → Flag
Top Product $17.9MCrustaceans
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
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GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
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GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Finland-Saudi Arabia Trade: In 2023, Finland exported $502M to Saudi Arabia. The main products that Finland exported to Saudi Arabia were Sawn Wood ($92M), Kaolin Coated Paper ($41.8M), and Other Construction Vehicles ($31.5M). Over the past 5 years the exports of Finland to Saudi Arabia have increased at an annualized rate of 4.96%, from $394M in 2018 to $502M in 2023.

In 2023, Finland did not export any services to Saudi Arabia.

Saudi Arabia-Finland Trade: In 2023, Saudi Arabia exported $34.6M to Finland. The main products that Saudi Arabia exported to Finland were Crustaceans ($17.9M), Ethylene Polymers ($10.2M), and Propylene Polymers ($1.34M). Over the past 5 years the exports of Saudi Arabia to Finland have decreased at an annualized rate of 2.46%,  from $39.1M in 2018 to $34.6M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $502M to Saudi Arabia. The main products exported from Finland to Saudi Arabia were Sawn Wood ($92M), Kaolin Coated Paper ($41.8M), and Other Construction Vehicles ($31.5M). During the last 5 years the exports of Finland to Saudi Arabia have increased at an annualized rate of 4.96%, from $394M in 2018 to $502M in 2023.

In 2018, Saudi Arabia exported $34.6M to Finland. The main products exported from Saudi Arabia to Finland were Crustaceans ($17.9M), Ethylene Polymers ($10.2M), and Propylene Polymers ($1.34M). During the last 5 years the exports of Saudi Arabia to Finland have decreased at an annualized rate of 2.46%, from $39.1M in 2023 to $34.6M in 2018.

Exports from Finland (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Saudi Arabia (Flag)

Finland Exports

Saudi Arabia Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Finland than Saudi Arabia included Sweden ($8.13B), Germany ($9.26B), and Estonia ($2.4B).

In 2023, countries that imported more from Saudi Arabia than Finland included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Saudi Arabia

Flow
Scale

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

During 2023, Finland had a large net trade with Saudi Arabia in the exports of Machines ($186M), Paper Goods ($100M), and Wood Products ($94.9M).

During 2018, Saudi Arabia had a large net trade with Finland in the exports of Animal Products ($17.9M), Plastics and Rubbers ($12.2M), and Metals ($1.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Saudi Arabia+$11.4MTelephones
Top Product Potential Saudi Arabia Finland+$10MEthylene Polymers

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

Product Space of Finland (Flag) and Saudi Arabia (Flag) (2023)

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