Finland (FIN) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Finland-Saudi Arabia Trade: In 2022, Finland exported $313M to Saudi Arabia. The main products that Finland exported to Saudi Arabia were Sawn Wood ($120M), Kaolin Coated Paper ($20.6M), and Cellulose Fibers Paper ($13M). Over the past 5 years the exports of Finland to Saudi Arabia have decreased at an annualized rate of 10.9%, from $558M in 2017 to $313M in 2022.

In 2022, Finland did not export any services to Saudi Arabia.

Saudi Arabia-Finland Trade: In 2022, Saudi Arabia exported $29.8M to Finland. The main products that Saudi Arabia exported to Finland were Ethylene Polymers ($25M), Propylene Polymers ($1.79M), and Unsaturated Acyclic Monocarboxylic Acids ($1.3M). Over the past 5 years the exports of Saudi Arabia to Finland have decreased at an annualized rate of 12.9%, from $68.4M in 2017 to $29.8M in 2022.

In 2022, Saudi Arabia did not export any services to Finland.

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $313M to Saudi Arabia. The main products exported from Finland to Saudi Arabia were Sawn Wood ($120M), Kaolin Coated Paper ($20.6M), and Cellulose Fibers Paper ($13M). During the last 5 years the exports of Finland to Saudi Arabia have decreased at an annualized rate of 10.9%, from $558M in 2017 to $313M in 2022.

In 2017, Saudi Arabia exported $29.8M to Finland. The main products exported from Saudi Arabia to Finland were Ethylene Polymers ($25M), Propylene Polymers ($1.79M), and Unsaturated Acyclic Monocarboxylic Acids ($1.3M). During the last 5 years the exports of Saudi Arabia to Finland have decreased at an annualized rate of 12.9%, from $68.4M in 2022 to $29.8M in 2017.

Exports from Finland () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Finland () (2022)

Latest Data

Trade between Finland () and Saudi Arabia ()

Finland Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Saudi Arabia
Top DestinationChina$68B

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 2022, countries that imported more from Finland than Saudi Arabia included Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

In 2022, countries that imported more from Saudi Arabia than Finland included China ($68B), India ($46.2B), and South Korea ($36B).

Difference in imports from Saudi Arabia () and Finland () (2022)

Comparative Advantage Finland - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Saudi Arabia in the exports of Wood Products ($120M), Machines ($90.3M), and Paper Goods ($53.8M).

During 2017, Saudi Arabia had a large net trade with Finland in the exports of Plastics and Rubbers ($27.6M), Chemical Products ($1.63M), and Machines ($218k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Finland () (2022)

Latest Data

Trade between Finland () and Saudi Arabia ()

Finland Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Finland () (2022)

Comparative Advantage Finland - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Saudi Arabia () (2022)

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