Finland (FIN) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Finland-Sweden Trade: In 2023, Finland exported $8.13B to Sweden. The main products that Finland exported to Sweden were Refined Petroleum ($1.4B), Electric Batteries ($325M), and Coated Flat-Rolled Iron ($191M). Over the past 5 years the exports of Finland to Sweden have increased at an annualized rate of 1.56%, from $7.53B in 2018 to $8.13B in 2023.

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 2023, Sweden exported $9.41B to Finland. The main products that Sweden exported to Finland were Refined Petroleum ($1.64B), Cars ($599M), and Electricity ($571M). Over the past 5 years the exports of Sweden to Finland have increased at an annualized rate of 3.19%, from $8.04B in 2018 to $9.41B in 2023.

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 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $8.13B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.4B), Electric Batteries ($325M), and Coated Flat-Rolled Iron ($191M). During the last 5 years the exports of Finland to Sweden have increased at an annualized rate of 1.56%, from $7.53B in 2018 to $8.13B in 2023.

In 2018, Sweden exported $9.41B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($1.64B), Cars ($599M), and Electricity ($571M). During the last 5 years the exports of Sweden to Finland have increased at an annualized rate of 3.19%, from $8.04B in 2023 to $9.41B in 2018.

Exports from Finland () to Sweden () (2023)

Exports from Sweden () to Finland () (2023)

Latest Data

Trade between Finland () and Sweden ()

Finland Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Sweden
Top DestinationGermany$18.4B

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 2023, countries that imported more from Finland than Sweden included Estonia ($2.4B), Latvia ($1.1B), and Cambodia ($126M).

In 2023, countries that imported more from Sweden than Finland included Denmark ($14.4B), Germany ($18.4B), and Norway ($10.9B).

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

Comparative Advantage Finland - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Sweden in the exports of Mineral Products ($1.72B), Machines ($1.52B), and Metals ($1.46B).

During 2018, Sweden had a large net trade with Finland in the exports of Mineral Products ($2.88B), Machines ($1.57B), and Transportation ($1.15B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Swe Year

Fin Year

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 () to Sweden () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Sweden () (2023)

Exports from Sweden () to Finland () (2023)

Latest Data

Trade between Finland () and Sweden ()

Finland Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Finland - Sweden

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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