Finland (FIN) and Senegal (SEN) Trade | The Observatory of Economic Complexity

About

Finland-Senegal Trade: In 2023, Finland exported $46.1M to Senegal. The main products that Finland exported to Senegal were Electric Generating Sets ($9.82M), Electric Motor Parts ($6.32M), and Other Construction Vehicles ($2.72M). Over the past 5 years the exports of Finland to Senegal have increased at an annualized rate of 5.65%, from $35M in 2018 to $46.1M in 2023.

In 2023, Finland did not export any services to Senegal.

Senegal-Finland Trade: In 2023, Senegal exported $222k to Finland. The main products that Senegal exported to Finland were Tomatoes ($61.6k), Electrical Transformers ($26.8k), and Chemical Analysis Instruments ($20.2k). Over the past 5 years the exports of Senegal to Finland have decreased at an annualized rate of 21.2%, from $733k in 2018 to $222k in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $46.1M to Senegal. The main products exported from Finland to Senegal were Electric Generating Sets ($9.82M), Electric Motor Parts ($6.32M), and Other Construction Vehicles ($2.72M). During the last 5 years the exports of Finland to Senegal have increased at an annualized rate of 5.65%, from $35M in 2018 to $46.1M in 2023.

In 2018, Senegal exported $222k to Finland. The main products exported from Senegal to Finland were Tomatoes ($61.6k), Electrical Transformers ($26.8k), and Chemical Analysis Instruments ($20.2k). During the last 5 years the exports of Senegal to Finland have decreased at an annualized rate of 21.2%, from $733k in 2023 to $222k in 2018.

Exports from Finland () to Senegal () (2023)

Exports from Senegal () to Finland () (2023)

Latest Data

Trade between Finland () and Senegal ()

Finland Exports

Date

Senegal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Senegal
Top DestinationMali$1.22B

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

In 2023, countries that imported more from Finland than Senegal included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Senegal than Finland included Mali ($1.22B), Gambia ($210M), and Guinea-Bissau ($157M).

Difference in imports from Senegal () and Finland () (2023)

Comparative Advantage Finland - Senegal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Senegal in the exports of Machines ($35.9M), Metals ($4.48M), and Paper Goods ($4.3M).

During 2018, Senegal had a large net trade with Finland in the exports of Vegetable Products ($77.6k), Machines ($58.2k), and Instruments ($21.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Senegal+$779kTelephones

Top Product Potential Senegal Finland+$82.6kTomatoes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Senegal () (2023)

Exports from Senegal () to Finland () (2023)

Latest Data

Trade between Finland () and Senegal ()

Finland Exports

Senegal Exports

Market Competitiveness

Difference in imports from Senegal () and Finland () (2023)

Comparative Advantage Finland - Senegal

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Finland () and Senegal () (2023)

Keep Exploring