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2022
Flag → Flag
Exports $540MRnk 38 / 210
2022
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Top Product $121MZinc Ore
2022
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Exports $267MRnk 44 / 207
2022
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Top Product $22.4MKaolin Coated Paper
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 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 $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 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

Ireland-Finland Trade: In 2022, Ireland exported $540M to Finland. The main products that Ireland exported to Finland were Zinc Ore ($121M), Packaged Medicaments ($114M), and Computers ($44.4M). Over the past 5 years the exports of Ireland to Finland have increased at an annualized rate of 2.82%, from $470M in 2017 to $540M in 2022.

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 2022, Finland exported $267M to Ireland. The main products that Finland exported to Ireland were Kaolin Coated Paper ($22.4M), Sawn Wood ($16.2M), and Other Agricultural Machinery ($9.38M). Over the past 5 years the exports of Finland to Ireland have decreased at an annualized rate of 5.04%,  from $345M in 2017 to $267M in 2022.

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 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €14.1M and imported €14.3M from Finland, resulting in a negative trade balance of €152k. Between August 2023 and August 2024 the exports of Ireland have decreased by €-19.4M (-57.9%) from €33.6M to €14.1M, while imports decreased by €-2.18M (-13.2%) from €16.4M to €14.3M.

Trade In August 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 August 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 August 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 August 2024, the decrease in Ireland's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in Fertilisers, manufactured (€-3.1M or -96.5%), Petroleum, petroleum products and related materials (€-2.98M or -100%), and General industrial machinery and parts, n.e.s. (€-1.56M or -57.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-19.4M(-57.9%)
IMPORT GROWTH (August 2023 - August 2024)€-2.18M(-13.2%)

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 2022, Ireland exported $540M to Finland. The main products exported from Ireland to Finland were Zinc Ore ($121M), Packaged Medicaments ($114M), and Computers ($44.4M). During the last 5 years the exports of Ireland to Finland have increased at an annualized rate of 2.82%, from $470M in 2017 to $540M in 2022.

In 2017, Finland exported $267M to Ireland. The main products exported from Finland to Ireland were Kaolin Coated Paper ($22.4M), Sawn Wood ($16.2M), and Other Agricultural Machinery ($9.38M). During the last 5 years the exports of Finland to Ireland have decreased at an annualized rate of 5.04%, from $345M in 2022 to $267M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Finland
Top DestinationGermany$9.99B

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 2022, countries that imported more from Ireland than Finland included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Finland than Ireland included Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

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

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 2022, Ireland had a large net trade with Finland in the exports of Chemical Products ($193M), Machines ($128M), and Mineral Products ($122M).

During 2017, Finland had a large net trade with Ireland in the exports of Machines ($83.5M), Paper Goods ($40.3M), and Wood Products ($29.7M).

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) (2022)

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