Finland (FIN) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Finland-Singapore In 2022, Finland exported $448M to Singapore. The main products that Finland exported to Singapore are Other Nickel Products ($191M), Dissolving Grades Chemical Woodpulp ($19.4M), and Raw Nickel ($14.8M). During the last 27 years the exports of Finland to Singapore have increased at an annualized rate of 0.66%, from $375M in 1995 to $448M in 2022.

In 2020, Finland exported services to Singapore worth $456M, with Transportation ($235M), Computer and information services ($110M), and Other business services ($84.5M) being the largest in terms of value.

Singapore-Finland In 2022, Singapore exported $333M to Finland. The main products that Singapore exported to Finland were Refined Petroleum ($148M), Integrated Circuits ($93.6M), and Therapeutic Appliances ($9.41M). During the last 27 years the exports of Singapore to Finland have increased at an annualized rate of 2.56%, from $168M in 1995 to $333M in 2022.

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

Comparison In 2022, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $448M to Singapore. The main products exported from Finland to Singapore were Other Nickel Products ($191M), Dissolving Grades Chemical Woodpulp ($19.4M), and Raw Nickel ($14.8M). During the last 27 years the exports of Finland to Singapore have increased at an annualized rate of 0.66%, from $375M in 1995 to $448M in 2022.

In 2022, Singapore exported $333M to Finland. The main products exported from Singapore to Finland were Refined Petroleum ($148M), Integrated Circuits ($93.6M), and Therapeutic Appliances ($9.41M). During the last 27 years the exports of Singapore to Finland have increased at an annualized rate of 2.56%, from $168M in 1995 to $333M in 2022.

Exports from Finland () to Singapore () (2022)

Exports from Singapore () to Finland () (2022)

Latest Data

Trade between Finland () and Singapore ()

Finland Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Singapore
Top DestinationHong Kong$51.6B

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

In 2021, countries that imported more from Finland than Singapore were Sweden ($9.1B), Estonia ($3.58B), and Germany ($9.99B).

In 2021, countries that imported more from Singapore than Finland were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore () and Finland () (2022)

Comparative Advantage Finland - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Singapore in the exports of Metals ($213M), Machines ($92.1M), and Chemical Products ($38.6M).

During 2022, Singapore had a large net trade with Finland in the exports of Mineral Products ($148M), Machines ($134M), and Instruments ($23.4M).

Service Trade

Bilateral Service Trade

Fin Year

In 2020, Finland exported services to Singapore worth $456M, with Transportation ($235M), Computer and information services ($110M), and Other business services ($84.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland () to Singapore () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Finland has comparative advantage over Singapore. Similarly, the more yellow a dot/product is, the more Singapore has comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Singapore () (2022)

Exports from Singapore () to Finland () (2022)

Latest Data

Trade between Finland () and Singapore ()

Finland Exports

Singapore Exports

Market Competitiveness

Difference in imports from Singapore () and Finland () (2022)

Comparative Advantage Finland - Singapore

Service Trade

Bilateral Service Trade

Services Exports from Finland () to Singapore () (2020)

Economic Complexity

Competitive Landscape

Product Space of Finland () and Singapore () (2022)

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