Finland (FIN) and Sierra Leone (SLE) Trade | The Observatory of Economic Complexity

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Finland-Sierra Leone Trade: In 2023, Finland exported $264k to Sierra Leone. The main products that Finland exported to Sierra Leone were Transmissions ($147k), Cellulose ($22.7k), and Low-voltage Protection Equipment ($16k). Over the past 5 years the exports of Finland to Sierra Leone have decreased at an annualized rate of 19.3%, from $772k in 2018 to $264k in 2023.

In 2023, Finland did not export any services to Sierra Leone.

Sierra Leone-Finland Trade: In 2023, Sierra Leone exported $649k to Finland. The main products that Sierra Leone exported to Finland were Recreational Boats ($454k), Aluminium Bars ($63.4k), and Brooms ($25.6k). Over the past 5 years the exports of Sierra Leone to Finland have increased at an annualized rate of 37.1%, from $134k in 2018 to $649k in 2023.

In 2023, Sierra Leone 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, Sierra Leone ranked 152 in total exports ($1.52B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $264k to Sierra Leone. The main products exported from Finland to Sierra Leone were Transmissions ($147k), Cellulose ($22.7k), and Low-voltage Protection Equipment ($16k). During the last 5 years the exports of Finland to Sierra Leone have decreased at an annualized rate of 19.3%, from $772k in 2018 to $264k in 2023.

In 2018, Sierra Leone exported $649k to Finland. The main products exported from Sierra Leone to Finland were Recreational Boats ($454k), Aluminium Bars ($63.4k), and Brooms ($25.6k). During the last 5 years the exports of Sierra Leone to Finland have increased at an annualized rate of 37.1%, from $134k in 2023 to $649k in 2018.

Exports from Finland () to Sierra Leone () (2023)

Exports from Sierra Leone () to Finland () (2023)

Latest Data

Trade between Finland () and Sierra Leone ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Sierra Leone
Top DestinationChina$1.03B

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

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

In 2023, countries that imported more from Sierra Leone than Finland included Central African Republic ($96.9k).

Difference in imports from Sierra Leone () and Finland () (2023)

Comparative Advantage Finland - Sierra Leone

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Sierra Leone in the exports of Machines ($169k), Plastics and Rubbers ($39k), and Transportation ($26k).

During 2018, Sierra Leone had a large net trade with Finland in the exports of Transportation ($457k), Metals ($71.8k), and Miscellaneous ($33.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Sierra Leone+$144kDelivery Trucks

Top Product Potential Sierra Leone Finland+$109kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Sierra Leone () (2023)

Exports from Sierra Leone () to Finland () (2023)

Latest Data

Trade between Finland () and Sierra Leone ()

Finland Exports

Market Competitiveness

Difference in imports from Sierra Leone () and Finland () (2023)

Comparative Advantage Finland - Sierra Leone

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Sierra Leone () (2023)

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