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Pricing

2022
Flag → Flag
Exports $183MRnk 52 / 207
2022
Flag → Flag
Top Product $23.6MKaolin Coated Paper
2022
Flag → Flag
Exports $74.6MRnk 61 / 191
2022
Flag → Flag
Top Product $13.8MRaw Furskins
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC $50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Finland-Ukraine Trade: In 2022, Finland exported $183M to Ukraine. The main products that Finland exported to Ukraine were Kaolin Coated Paper ($23.6M), Refined Petroleum ($23.1M), and Railway Cargo Containers ($9.87M). Over the past 5 years the exports of Finland to Ukraine have decreased at an annualized rate of 7.26%, from $267M in 2017 to $183M in 2022.

In 2003, Finland exported services to Ukraine worth $5.05M, with Transportation ($2.53M) and Services not allocated ($2.53M) being the largest in terms of value.

Ukraine-Finland Trade: In 2022, Ukraine exported $74.6M to Finland. The main products that Ukraine exported to Finland were Raw Furskins ($13.8M), Excavation Machinery ($4.52M), and Stranded Iron Wire ($4.46M). Over the past 5 years the exports of Ukraine to Finland have decreased at an annualized rate of 4.58%,  from $94.2M in 2017 to $74.6M in 2022.

In 2022, Ukraine did not export any services to Finland.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $183M to Ukraine. The main products exported from Finland to Ukraine were Kaolin Coated Paper ($23.6M), Refined Petroleum ($23.1M), and Railway Cargo Containers ($9.87M). During the last 5 years the exports of Finland to Ukraine have decreased at an annualized rate of 7.26%, from $267M in 2017 to $183M in 2022.

In 2017, Ukraine exported $74.6M to Finland. The main products exported from Ukraine to Finland were Raw Furskins ($13.8M), Excavation Machinery ($4.52M), and Stranded Iron Wire ($4.46M). During the last 5 years the exports of Ukraine to Finland have decreased at an annualized rate of 4.58%, from $94.2M in 2022 to $74.6M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Ukraine (Flag)

Finland Exports

Ukraine Exports

Market Competitiveness

Color
Finland
Top DestinationGermany$9.99B
Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Finland than Ukraine included Sweden ($9.1B), United States ($9.17B), and Germany ($9.99B).

In 2022, countries that imported more from Ukraine than Finland included Poland ($6.7B), Romania ($3.94B), and Hungary ($2.28B).

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

Comparative Advantage Finland - Ukraine

Flow
Scale

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

During 2022, Finland had a large net trade with Ukraine in the exports of Paper Goods ($52.5M), Mineral Products ($23.6M), and Chemical Products ($22.7M).

During 2017, Ukraine had a large net trade with Finland in the exports of Metals ($21.4M), Machines ($15.1M), and Animal Hides ($13.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Ukraine+$23.4MRefined Petroleum
Top Product Potential Ukraine Finland+$3.21MFerroalloys

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

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

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

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