2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
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GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Israel-Finland Trade: In 2022, Israel exported $85.8M to Finland. The main products that Israel exported to Finland were Aircraft Parts ($7.1M), Packaged Medicaments ($5.55M), and Medical Instruments ($4.78M). Over the past 5 years the exports of Israel to Finland have increased at an annualized rate of 0.56%, from $83.5M in 2017 to $85.8M in 2022.

In 2012, Israel exported services to Finland worth $4.5M, with Computer and information services ($4.5M) being the largest in terms of value.

Finland-Israel Trade: In 2022, Finland exported $274M to Israel. The main products that Finland exported to Israel were Sawn Wood ($108M), Lifting Machinery ($20.3M), and Sulfate Chemical Woodpulp ($15.9M). Over the past 5 years the exports of Finland to Israel have increased at an annualized rate of 1.63%,  from $249M in 2017 to $274M in 2022.

In 2012, Finland exported services to Israel worth $16.9M, with Services not allocated ($14.9M), Government services, n.i.e. ($1.27M), and Royalties and license fees ($686k) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $85.8M to Finland. The main products exported from Israel to Finland were Aircraft Parts ($7.1M), Packaged Medicaments ($5.55M), and Medical Instruments ($4.78M). During the last 5 years the exports of Israel to Finland have increased at an annualized rate of 0.56%, from $83.5M in 2017 to $85.8M in 2022.

In 2017, Finland exported $274M to Israel. The main products exported from Finland to Israel were Sawn Wood ($108M), Lifting Machinery ($20.3M), and Sulfate Chemical Woodpulp ($15.9M). During the last 5 years the exports of Finland to Israel have increased at an annualized rate of 1.63%, from $249M in 2022 to $274M in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Finland (Flag)

Israel Exports

Finland Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Israel than Finland included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

In 2022, countries that imported more from Finland than Israel included Sweden ($9.1B), Germany ($9.99B), and Netherlands ($5.88B).

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

Comparative Advantage Israel - Finland

Flow
Scale

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

During 2022, Israel had a large net trade with Finland in the exports of Machines ($21.1M), Plastics and Rubbers ($12.4M), and Chemical Products ($12.4M).

During 2017, Finland had a large net trade with Israel in the exports of Wood Products ($109M), Machines ($65.8M), and Paper Goods ($49.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Finland+$4.97MPackaged Medicaments
Top Product Potential Finland Israel+$3.97MKaolin Coated Paper

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 Israel and Finland. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Israel.

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

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