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2022
Flag → Flag
Exports $9.17BRnk 2 / 207
2022
Flag → Flag
Top Product $1.28BRefined Petroleum
2022
Flag → Flag
Exports $3.5BRnk 54 / 219
2022
Flag → Flag
Top Product $367MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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GDP PC $50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Finland-United States Trade: In 2022, Finland exported $9.17B to United States. The main products that Finland exported to United States were Refined Petroleum ($1.28B), Passenger and Cargo Ships ($1.04B), and Kaolin Coated Paper ($890M). Over the past 5 years the exports of Finland to United States have increased at an annualized rate of 11.5%, from $5.33B in 2017 to $9.17B in 2022.

In 2020, Finland exported services to United States worth $4.86B, with Computer and information services ($3.39B), Royalties and license fees ($841M), and Other business services ($505M) being the largest in terms of value.

United States-Finland Trade: In 2022, United States exported $3.5B to Finland. The main products that United States exported to Finland were Crude Petroleum ($367M), Coal Briquettes ($314M), and Petroleum Gas ($304M). Over the past 5 years the exports of United States to Finland have increased at an annualized rate of 16.3%,  from $1.65B in 2017 to $3.5B in 2022.

In 2017, United States exported services to Finland worth $2.31B, with Other business services ($755M), Royalties and license fees ($482M), and Travel ($444M) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $9.17B to United States. The main products exported from Finland to United States were Refined Petroleum ($1.28B), Passenger and Cargo Ships ($1.04B), and Kaolin Coated Paper ($890M). During the last 5 years the exports of Finland to United States have increased at an annualized rate of 11.5%, from $5.33B in 2017 to $9.17B in 2022.

In 2017, United States exported $3.5B to Finland. The main products exported from United States to Finland were Crude Petroleum ($367M), Coal Briquettes ($314M), and Petroleum Gas ($304M). During the last 5 years the exports of United States to Finland have increased at an annualized rate of 16.3%, from $1.65B in 2022 to $3.5B in 2017.

Exports from Finland (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and United States (Flag)

Finland Exports

United States Exports

Market Competitiveness

Color
Finland
Top DestinationGermany$9.99B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Finland than United States included Estonia ($3.58B), Sweden ($9.1B), and Latvia ($903M).

In 2022, countries that imported more from United States than Finland included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - United States

Flow
Scale

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

During 2022, Finland had a large net trade with United States in the exports of Machines ($1.66B), Transportation ($1.37B), and Paper Goods ($1.34B).

During 2017, United States had a large net trade with Finland in the exports of Mineral Products ($1.26B), Chemical Products ($636M), and Machines ($626M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland United States+$331MCars
Top Product Potential United States Finland+$181MCrude 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

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

Product Space of Finland (Flag) and United States (Flag) (2022)

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