2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH
56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
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
$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH
19.8%CURRENT US$
Rnk 90 / 186

About

Finland-Senegal Trade: In 2022, Finland exported $16.9M to Senegal. The main products that Finland exported to Senegal were Other Construction Vehicles ($4.22M), Large Construction Vehicles ($1.27M), and Delivery Trucks ($1.21M). Over the past 5 years the exports of Finland to Senegal have decreased at an annualized rate of 3.62%, from $20.3M in 2017 to $16.9M in 2022.

In 2022, Finland did not export any services to Senegal.

Senegal-Finland Trade: In 2022, Senegal exported $596k to Finland. The main products that Senegal exported to Finland were Chemical Analysis Instruments ($400k), Tomatoes ($114k), and Legumes ($9.36k). Over the past 5 years the exports of Senegal to Finland have decreased at an annualized rate of 4.77%,  from $761k in 2017 to $596k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $16.9M to Senegal. The main products exported from Finland to Senegal were Other Construction Vehicles ($4.22M), Large Construction Vehicles ($1.27M), and Delivery Trucks ($1.21M). During the last 5 years the exports of Finland to Senegal have decreased at an annualized rate of 3.62%, from $20.3M in 2017 to $16.9M in 2022.

In 2017, Senegal exported $596k to Finland. The main products exported from Senegal to Finland were Chemical Analysis Instruments ($400k), Tomatoes ($114k), and Legumes ($9.36k). During the last 5 years the exports of Senegal to Finland have decreased at an annualized rate of 4.77%, from $761k in 2022 to $596k in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Senegal (Flag)

Finland Exports

Senegal Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Senegal
Top Destination
Mali$1.13B

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 2022, countries that imported more from Finland than Senegal included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Senegal than Finland included Mali ($1.13B), Guinea ($182M), and Gambia ($177M).

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

Comparative Advantage Finland - Senegal

Flow
Scale

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

During 2022, Finland had a large net trade with Senegal in the exports of Machines ($10.9M), Paper Goods ($2.69M), and Transportation ($1.28M).

During 2017, Senegal had a large net trade with Finland in the exports of Instruments ($404k), Vegetable Products ($144k), and Machines ($25.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Finland (Flag) and Senegal (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with