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2022
Flag → Flag
Exports $107MRnk 55 / 198
2022
Flag → Flag
Top Product $30.6MBuses
2022
Flag → Flag
Exports $100MRnk 64 / 207
2022
Flag → Flag
Top Product $22.9MAircraft Parts
2022
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Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
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 PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 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

About

Hong Kong-Finland Trade: In 2022, Hong Kong exported $107M to Finland. The main products that Hong Kong exported to Finland were Buses ($30.6M), Integrated Circuits ($18.3M), and Optical Fibers and optical fibre bundles ($5.31M). Over the past 5 years the exports of Hong Kong to Finland have decreased at an annualized rate of 7.36%, from $157M in 2017 to $107M in 2022.

In 2022, Hong Kong did not export any services to Finland.

Finland-Hong Kong Trade: In 2022, Finland exported $100M to Hong Kong. The main products that Finland exported to Hong Kong were Aircraft Parts ($22.9M), Packaged Medicaments ($5.04M), and Integrated Circuits ($4.52M). Over the past 5 years the exports of Finland to Hong Kong have decreased at an annualized rate of 14.4%,  from $218M in 2017 to $100M in 2022.

In 2020, Finland exported services to Hong Kong worth $69.7M, with Transportation ($32M), Computer and information services ($22.8M), and Other business services ($13.7M) being the largest in terms of value.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $107M to Finland. The main products exported from Hong Kong to Finland were Buses ($30.6M), Integrated Circuits ($18.3M), and Optical Fibers and optical fibre bundles ($5.31M). During the last 5 years the exports of Hong Kong to Finland have decreased at an annualized rate of 7.36%, from $157M in 2017 to $107M in 2022.

In 2017, Finland exported $100M to Hong Kong. The main products exported from Finland to Hong Kong were Aircraft Parts ($22.9M), Packaged Medicaments ($5.04M), and Integrated Circuits ($4.52M). During the last 5 years the exports of Finland to Hong Kong have decreased at an annualized rate of 14.4%, from $218M in 2022 to $100M in 2017.

Exports from Hong Kong (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Finland (Flag)

Hong Kong Exports

Finland Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Hong Kong than Finland included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

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

Difference in imports from Finland (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Finland

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Finland in the exports of Machines ($45.3M), Transportation ($32.2M), and Instruments ($12.2M).

During 2017, Finland had a large net trade with Hong Kong in the exports of Machines ($25M), Transportation ($24.8M), and Instruments ($12M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Finland+$10.7MIntegrated Circuits
Top Product Potential Finland Hong Kong+$10.1MIntegrated Circuits

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

In 2020, Finland exported services to Hong Kong worth $69.7M, with Transportation ($32M), Computer and information services ($22.8M), and Other business services ($13.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Finland (Flag) (2022)

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