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2023
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Exports $545MRnk 35 / 211
2023
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Top Product $128MPackaged Medicaments
2023
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Exports $247MRnk 46 / 206
2023
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Top Product $14.6MElectrical Transformers
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Ireland-Finland Trade: In 2023, Ireland exported $545M to Finland. The main products that Ireland exported to Finland were Packaged Medicaments ($128M), Zinc Ore ($57.5M), and Computers ($47.3M). Over the past 5 years the exports of Ireland to Finland have decreased at an annualized rate of 0.082%, from $548M in 2018 to $545M in 2023.

In 2020, Ireland exported services to Finland worth $434M, with Financial services ($208M), Other business services ($139M), and Insurance services ($49.1M) being the largest in terms of value.

Finland-Ireland Trade: In 2023, Finland exported $247M to Ireland. The main products that Finland exported to Ireland were Electrical Transformers ($14.6M), Sawn Wood ($14.2M), and Kaolin Coated Paper ($14.1M). Over the past 5 years the exports of Finland to Ireland have increased at an annualized rate of 5.83%,  from $186M in 2018 to $247M in 2023.

In 2020, Finland exported services to Ireland worth $1.09B, with Computer and information services ($745M), Other business services ($287M), and Transportation ($14.8M) being the largest in terms of value.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €17.1M and imported €17.1M from Finland, resulting in a negative trade balance of €7.75k. Between November 2023 and November 2024 the exports of Ireland have decreased by €-2.32M (-12%) from €19.4M to €17.1M, while imports increased by €1.36M (8.66%) from €15.7M to €17.1M.

Trade In November 2024, the top exports of Ireland to Finland were Metalliferous ores and metal scrap (€5.6M), Medicinal and pharmaceutical products (€4.21M), Office machines and automatic data processing... (€2.99M), Essential oils, perfume materials, toilet preparations... (€2.02M), and Chemical materials and products, n.e.s. (€1.66M). In November 2024 the top imports of Ireland from Finland were Paper, paperboard and articles of paper... (€3.17M), Electrical machinery, appliances etc., n.e.s. (€2.3M), Medicinal and pharmaceutical products (€1.93M), Cork and wood (€1.8M), and Iron and steel (€1.25M).

Growth In November 2024, the decrease in Ireland's year-by-year exports to Finland was explained primarily by an decrease in product exports in Metalliferous ores and metal scrap (€-1.7M or -23.3%), Meat and meat preparations (€-536k or -68%), and Telecommunications and sound recording, reproducing equipment (€-189k or -61.6%). In November 2024, the increase in Ireland's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Medicinal and pharmaceutical products (€1.92M or 27.5k%), Paper, paperboard and articles of paper... (€1.32M or 71.6%), and Iron and steel (€583k or 87.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-2.32M(-12%)
IMPORT GROWTH (November 2023 - November 2024)€1.36M(8.66%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Finland and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $545M to Finland. The main products exported from Ireland to Finland were Packaged Medicaments ($128M), Zinc Ore ($57.5M), and Computers ($47.3M). During the last 5 years the exports of Ireland to Finland have decreased at an annualized rate of 0.082%, from $548M in 2018 to $545M in 2023.

In 2018, Finland exported $247M to Ireland. The main products exported from Finland to Ireland were Electrical Transformers ($14.6M), Sawn Wood ($14.2M), and Kaolin Coated Paper ($14.1M). During the last 5 years the exports of Finland to Ireland have increased at an annualized rate of 5.83%, from $186M in 2023 to $247M in 2018.

Exports from Ireland (Flag) to Finland (Flag) (2023)

Exports from Finland (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Ireland than Finland included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Finland than Ireland included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

Difference in imports from Finland (Flag) and Ireland (Flag) (2023)

Comparative Advantage Ireland - Finland

Flow
Scale

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

During 2023, Ireland had a large net trade with Finland in the exports of Chemical Products ($219M), Machines ($162M), and Mineral Products ($57.7M).

During 2018, Finland had a large net trade with Ireland in the exports of Machines ($84.8M), Paper Goods ($33.1M), and Wood Products ($28.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Finland+$28.2MPackaged Medicaments
Top Product Potential Finland Ireland+$8.82MRefined 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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Bilateral Service Trade

In 2020, Ireland exported services to Finland worth $434M, with Financial services ($208M), Other business services ($139M), and Insurance services ($49.1M) being the largest in terms of value.

In 2020, Finland exported services to Ireland worth $1.09B, with Computer and information services ($745M), Other business services ($287M), and Transportation ($14.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Finland (Flag) (2020)

Services Exports from Finland (Flag) to Ireland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Finland (Flag) (2023)

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