2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Israel-Finland Trade: In 2023, Israel exported $89.3M to Finland. The main products that Israel exported to Finland were Aircraft parts (gliders, balloons, and powered aircraft) ($10.3M), Packaged Medicaments ($6.97M), and Navigation Equipment ($5.19M). Over the past 5 years the exports of Israel to Finland have increased at an annualized rate of 1.71%, from $82.1M in 2018 to $89.3M in 2023.

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 2023, Finland exported $263M to Israel. The main products that Finland exported to Israel were Sawn Wood ($90.2M), Lifting Machinery ($28.5M), and Cellulose Fibers Paper ($9.76M). Over the past 5 years the exports of Finland to Israel have decreased at an annualized rate of 1.03%,  from $277M in 2018 to $263M in 2023.

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 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Israel exported $89.3M to Finland. The main products exported from Israel to Finland were Aircraft parts (gliders, balloons, and powered aircraft) ($10.3M), Packaged Medicaments ($6.97M), and Navigation Equipment ($5.19M). During the last 5 years the exports of Israel to Finland have increased at an annualized rate of 1.71%, from $82.1M in 2018 to $89.3M in 2023.

In 2018, Finland exported $263M to Israel. The main products exported from Finland to Israel were Sawn Wood ($90.2M), Lifting Machinery ($28.5M), and Cellulose Fibers Paper ($9.76M). During the last 5 years the exports of Finland to Israel have decreased at an annualized rate of 1.03%, from $277M in 2023 to $263M in 2018.

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

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

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
United States$9.68B

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 2023, countries that imported more from Israel than Finland included United States ($20.3B), Ireland ($4.22B), and China ($7.09B).

In 2023, countries that imported more from Finland than Israel included Sweden ($8.13B), Germany ($9.26B), and Netherlands ($5.51B).

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

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 2023, Israel had a large net trade with Finland in the exports of Machines ($25M), Chemical Products ($14.7M), and Transportation ($13.2M).

During 2018, Finland had a large net trade with Israel in the exports of Wood Products ($91.3M), Machines ($82.6M), and Paper Goods ($36.9M).

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) (2023)

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