Kazakhstan (KAZ) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Kazakhstan-Finland Trade: In 2023, Kazakhstan exported $8.5M to Finland. The main products that Kazakhstan exported to Finland were Ferroalloys ($2.55M), Other Vegetable Residues ($1.32M), and Raw Aluminium ($936k). Over the past 5 years the exports of Kazakhstan to Finland have decreased at an annualized rate of 44.2%, from $157M in 2018 to $8.5M in 2023.

In 2023, Kazakhstan did not export any services to Finland.

Finland-Kazakhstan Trade: In 2023, Finland exported $276M to Kazakhstan. The main products that Finland exported to Kazakhstan were Other Construction Vehicles ($20.7M), Tractors ($16.9M), and Stone Processing Machines ($13.2M). Over the past 5 years the exports of Finland to Kazakhstan have increased at an annualized rate of 8.47%, from $144M in 2018 to $276M in 2023.

In 2023, Finland did not export any services to Kazakhstan.

Comparison: In 2023, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kazakhstan exported $8.5M to Finland. The main products exported from Kazakhstan to Finland were Ferroalloys ($2.55M), Other Vegetable Residues ($1.32M), and Raw Aluminium ($936k). During the last 5 years the exports of Kazakhstan to Finland have decreased at an annualized rate of 44.2%, from $157M in 2018 to $8.5M in 2023.

In 2018, Finland exported $276M to Kazakhstan. The main products exported from Finland to Kazakhstan were Other Construction Vehicles ($20.7M), Tractors ($16.9M), and Stone Processing Machines ($13.2M). During the last 5 years the exports of Finland to Kazakhstan have increased at an annualized rate of 8.47%, from $144M in 2023 to $276M in 2018.

Exports from Kazakhstan () to Finland () (2023)

Exports from Finland () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Finland ()

Kazakhstan Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$15.2B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Kazakhstan than Finland included United Kingdom ($14.3B), China ($15.2B), and Russia ($9.78B).

In 2023, countries that imported more from Finland than Kazakhstan included Sweden ($8.13B), United States ($9.68B), and Germany ($9.26B).

Difference in imports from Finland () and Kazakhstan () (2023)

Comparative Advantage Kazakhstan - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kazakhstan had a large net trade with Finland in the exports of Metals ($3.95M), Foodstuffs ($1.32M), and Mineral Products ($1.25M).

During 2018, Finland had a large net trade with Kazakhstan in the exports of Machines ($110M), Transportation ($42.2M), and Chemical Products ($27.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kazakhstan Finland+$53.6MCrude Petroleum

Top Product Potential Finland Kazakhstan+$9.69MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Finland () (2023)

Exports from Finland () to Kazakhstan () (2023)

Latest Data

Trade between Kazakhstan () and Finland ()

Kazakhstan Exports

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Kazakhstan () (2023)

Comparative Advantage Kazakhstan - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Kazakhstan () and Finland () (2023)

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