Finland (FIN) and Tanzania (TZA) Trade | The Observatory of Economic Complexity

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Finland-Tanzania Trade: In 2023, Finland exported $95.7M to Tanzania. The main products that Finland exported to Tanzania were Nitrogenous Fertilizers ($37.5M), Large Construction Vehicles ($13.4M), and Other Construction Vehicles ($8.98M). Over the past 5 years the exports of Finland to Tanzania have increased at an annualized rate of 15.3%, from $46.9M in 2018 to $95.7M in 2023.

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

Tanzania-Finland Trade: In 2023, Tanzania exported $53.2M to Finland. The main products that Tanzania exported to Finland were Precious Metal Ore ($48.7M), Coffee ($3.01M), and Tropical Fruits ($1.33M). Over the past 5 years the exports of Tanzania to Finland have increased at an annualized rate of 59.2%, from $5.21M in 2018 to $53.2M in 2023.

In 2023, Tanzania 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, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.13), and 99 in total exports ($11.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $95.7M to Tanzania. The main products exported from Finland to Tanzania were Nitrogenous Fertilizers ($37.5M), Large Construction Vehicles ($13.4M), and Other Construction Vehicles ($8.98M). During the last 5 years the exports of Finland to Tanzania have increased at an annualized rate of 15.3%, from $46.9M in 2018 to $95.7M in 2023.

In 2018, Tanzania exported $53.2M to Finland. The main products exported from Tanzania to Finland were Precious Metal Ore ($48.7M), Coffee ($3.01M), and Tropical Fruits ($1.33M). During the last 5 years the exports of Tanzania to Finland have increased at an annualized rate of 59.2%, from $5.21M in 2023 to $53.2M in 2018.

Exports from Finland () to Tanzania () (2023)

Exports from Tanzania () to Finland () (2023)

Latest Data

Trade between Finland () and Tanzania ()

Finland Exports

Date

Tanzania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Tanzania
Top DestinationIndia$1.74B

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

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

In 2023, countries that imported more from Tanzania than Finland included Uganda ($1.35B), United Arab Emirates ($1.62B), and India ($1.74B).

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

Comparative Advantage Finland - Tanzania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Tanzania in the exports of Machines ($44.3M), Chemical Products ($39.6M), and Instruments ($3.08M).

During 2018, Tanzania had a large net trade with Finland in the exports of Mineral Products ($48.7M), Vegetable Products ($4.36M), and Plastics and Rubbers ($139k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Tanzania+$898kDelivery Trucks

Top Product Potential Tanzania Finland+$6.29MCopper Ore

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Tanzania () (2023)

Exports from Tanzania () to Finland () (2023)

Latest Data

Trade between Finland () and Tanzania ()

Finland Exports

Tanzania Exports

Market Competitiveness

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

Comparative Advantage Finland - Tanzania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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