Lesotho (LSO) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Lesotho-Finland Trade: In 2023, Lesotho exported $202 to Finland. The main products that Lesotho exported to Finland were Electrical Transformers ($202). Over the past 6 years the exports of Lesotho to Finland have decreased at an annualized rate of 17.2%, from $626 in 2017 to $202 in 2023.

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

Finland-Lesotho Trade: In 2023, Finland exported $414k to Lesotho. The main products that Finland exported to Lesotho were Coin ($316k), Aluminium Structures ($44.6k), and Special Pharmaceuticals ($33.9k). Over the past 6 years the exports of Finland to Lesotho have increased at an annualized rate of 53.4%, from $48.7k in 2017 to $414k in 2023.

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

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. 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, Lesotho exported $202 to Finland. The main products exported from Lesotho to Finland were Electrical Transformers ($202). During the last 6 years the exports of Lesotho to Finland have decreased at an annualized rate of 17.2%, from $626 in 2017 to $202 in 2023.

In 2018, Finland exported $414k to Lesotho. The main products exported from Finland to Lesotho were Coin ($316k), Aluminium Structures ($44.6k), and Special Pharmaceuticals ($33.9k). During the last 5 years the exports of Finland to Lesotho have increased at an annualized rate of 53.4%, from $48.7k in 2023 to $414k in 2018.

Exports from Lesotho () to Finland () (2023)

Exports from Finland () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Lesotho than Finland included Eswatini ($7.34M).

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

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

Comparative Advantage Lesotho - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with Finland in the exports of Machines ($202).

During 2018, Finland had a large net trade with Lesotho in the exports of Precious Metals ($316k), Metals ($63.5k), and Chemical Products ($33.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Finland+$2.17kKnit Women's Suits

Top Product Potential Finland Lesotho+$2.73kRefined 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Finland () (2023)

Exports from Finland () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Lesotho - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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