Finland (FIN) and Togo (TGO) Trade | The Observatory of Economic Complexity

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Finland-Togo Trade: In 2023, Finland exported $5.35M to Togo. The main products that Finland exported to Togo were Other Construction Vehicles ($771k), Iron Radiators ($381k), and Special Pharmaceuticals ($369k). Over the past 5 years the exports of Finland to Togo have decreased at an annualized rate of 13.3%, from $10.9M in 2018 to $5.35M in 2023.

In 2023, Finland did not export any services to Togo.

Togo-Finland Trade: In 2023, Togo exported $155k to Finland. The main products that Togo exported to Finland were Electrical Transformers ($138k), Other Measuring Instruments ($4.73k), and Excavation Machinery ($4.31k). Over the past 5 years the exports of Togo to Finland have increased at an annualized rate of 93.2%, from $5.75k in 2018 to $155k in 2023.

In 2023, Togo 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, Togo ranked 103 in the Economic Complexity Index (ECI -0.85), and 120 in total exports ($6.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $5.35M to Togo. The main products exported from Finland to Togo were Other Construction Vehicles ($771k), Iron Radiators ($381k), and Special Pharmaceuticals ($369k). During the last 5 years the exports of Finland to Togo have decreased at an annualized rate of 13.3%, from $10.9M in 2018 to $5.35M in 2023.

In 2018, Togo exported $155k to Finland. The main products exported from Togo to Finland were Electrical Transformers ($138k), Other Measuring Instruments ($4.73k), and Excavation Machinery ($4.31k). During the last 5 years the exports of Togo to Finland have increased at an annualized rate of 93.2%, from $5.75k in 2023 to $155k in 2018.

Exports from Finland () to Togo () (2023)

Exports from Togo () to Finland () (2023)

Latest Data

Trade between Finland () and Togo ()

Finland Exports

Date

Togo Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Togo
Top DestinationUnited Arab Emirates$2.65B

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

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

In 2023, countries that imported more from Togo than Finland included United Arab Emirates ($2.65B), Angola ($856M), and Burkina Faso ($239M).

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

Comparative Advantage Finland - Togo

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Togo in the exports of Machines ($3.14M), Metals ($702k), and Chemical Products ($523k).

During 2018, Togo had a large net trade with Finland in the exports of Machines ($143k), Instruments ($4.73k), and Miscellaneous ($4.23k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Togo+$93.3kElectrical Transformers

Top Product Potential Togo Finland+$5.04kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Togo () (2023)

Exports from Togo () to Finland () (2023)

Latest Data

Trade between Finland () and Togo ()

Finland Exports

Togo Exports

Market Competitiveness

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

Comparative Advantage Finland - Togo

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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