Mexico (MEX) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Mexico-Finland Trade: In 2022, Mexico exported $283M to Finland. The main products that Mexico exported to Finland were Tractors ($54.9M), Recreational Boats ($41.7M), and Cars ($38.7M). Over the past 5 years the exports of Mexico to Finland have increased at an annualized rate of 5.46%, from $217M in 2017 to $283M in 2022.

In 2022, Mexico did not export any services to Finland.

Finland-Mexico Trade: In 2022, Finland exported $623M to Mexico. The main products that Finland exported to Mexico were Electric Motor Parts ($114M), Kaolin Coated Paper ($101M), and Integrated Circuits ($95M). Over the past 5 years the exports of Finland to Mexico have increased at an annualized rate of 9.83%, from $390M in 2017 to $623M in 2022.

In 2020, Finland exported services to Mexico worth $107M, with Computer and information services ($74.2M), Other business services ($24M), and Royalties and license fees ($6.85M) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $283M to Finland. The main products exported from Mexico to Finland were Tractors ($54.9M), Recreational Boats ($41.7M), and Cars ($38.7M). During the last 5 years the exports of Mexico to Finland have increased at an annualized rate of 5.46%, from $217M in 2017 to $283M in 2022.

In 2017, Finland exported $623M to Mexico. The main products exported from Finland to Mexico were Electric Motor Parts ($114M), Kaolin Coated Paper ($101M), and Integrated Circuits ($95M). During the last 5 years the exports of Finland to Mexico have increased at an annualized rate of 9.83%, from $390M in 2022 to $623M in 2017.

Exports from Mexico () to Finland () (2022)

Exports from Finland () to Mexico () (2022)

Latest Data

Trade between Mexico () and Finland ()

Mexico Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Mexico than Finland included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Finland than Mexico included Sweden ($9.1B), Netherlands ($5.88B), and Estonia ($3.58B).

Difference in imports from Finland () and Mexico () (2022)

Comparative Advantage Mexico - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Finland in the exports of Transportation ($147M), Machines ($71.3M), and Instruments ($30.8M).

During 2017, Finland had a large net trade with Mexico in the exports of Machines ($373M), Paper Goods ($122M), and Instruments ($43.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Finland+$48MCars

Top Product Potential Finland Mexico+$17MIntegrated Circuits

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

Fin Year

In 2020, Finland exported services to Mexico worth $107M, with Computer and information services ($74.2M), Other business services ($24M), and Royalties and license fees ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Finland () (2022)

Exports from Finland () to Mexico () (2022)

Latest Data

Trade between Mexico () and Finland ()

Mexico Exports

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Mexico () (2022)

Comparative Advantage Mexico - Finland

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Finland () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Finland () (2022)

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