2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Finland-Sweden Trade: In 2022, Finland exported $9.1B to Sweden. The main products that Finland exported to Sweden were Refined Petroleum ($1.86B), Coated Flat-Rolled Iron ($227M), and Flat Flat-Rolled Steel ($207M). Over the past 5 years the exports of Finland to Sweden have increased at an annualized rate of 6.77%, from $6.56B in 2017 to $9.1B in 2022.

In 2020, Finland exported services to Sweden worth $3.21B, with Other business services ($1.1B), Computer and information services ($914M), and Transportation ($512M) being the largest in terms of value.

Sweden-Finland Trade: In 2022, Sweden exported $13.4B to Finland. The main products that Sweden exported to Finland were Refined Petroleum ($2.3B), Electricity ($1.75B), and Cars ($591M). Over the past 5 years the exports of Sweden to Finland have increased at an annualized rate of 7.55%,  from $9.31B in 2017 to $13.4B in 2022.

In 2020, Sweden exported services to Finland worth $4.09B, with Other business services ($1.41B), Transportation ($983M), and Computer and information services ($493M) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $9.1B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.86B), Coated Flat-Rolled Iron ($227M), and Flat Flat-Rolled Steel ($207M). During the last 5 years the exports of Finland to Sweden have increased at an annualized rate of 6.77%, from $6.56B in 2017 to $9.1B in 2022.

In 2017, Sweden exported $13.4B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($2.3B), Electricity ($1.75B), and Cars ($591M). During the last 5 years the exports of Sweden to Finland have increased at an annualized rate of 7.55%, from $9.31B in 2022 to $13.4B in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Sweden (Flag)

Finland Exports

Sweden Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Finland than Sweden included Estonia ($3.58B), Russia ($2.14B), and Latvia ($903M).

In 2022, countries that imported more from Sweden than Finland included Norway ($18.7B), Denmark ($14.6B), and Germany ($19.2B).

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

Comparative Advantage Finland - Sweden

Flow
Scale

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

During 2022, Finland had a large net trade with Sweden in the exports of Mineral Products ($2.17B), Metals ($1.82B), and Machines ($1.34B).

During 2017, Sweden had a large net trade with Finland in the exports of Mineral Products ($4.94B), Machines ($2.54B), and Transportation ($1.17B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Sweden+$80.7MCars
Top Product Potential Sweden Finland+$51.5MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Finland exported services to Sweden worth $3.21B, with Other business services ($1.1B), Computer and information services ($914M), and Transportation ($512M) being the largest in terms of value.

In 2020, Sweden exported services to Finland worth $4.09B, with Other business services ($1.41B), Transportation ($983M), and Computer and information services ($493M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Sweden (Flag) (2020)

Services Exports from Sweden (Flag) to Finland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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