Namibia (NAM) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Namibia-Finland Trade: In 2022, Namibia exported $109M to Finland. The main products that Namibia exported to Finland were Cobalt Oxides and Hydroxides ($108M), Grapes ($795k), and Marble, Travertine and Alabaster ($134k). Over the past 5 years the exports of Namibia to Finland have increased at an annualized rate of 187%, from $555k in 2017 to $109M in 2022.

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

Finland-Namibia Trade: In 2022, Finland exported $62.9M to Namibia. The main products that Finland exported to Namibia were Delivery Trucks ($22.6M), Large Construction Vehicles ($19.9M), and Other Construction Vehicles ($11.4M). Over the past 5 years the exports of Finland to Namibia have increased at an annualized rate of 66.4%, from $4.92M in 2017 to $62.9M in 2022.

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

Comparison: In 2022, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B). 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, Namibia exported $109M to Finland. The main products exported from Namibia to Finland were Cobalt Oxides and Hydroxides ($108M), Grapes ($795k), and Marble, Travertine and Alabaster ($134k). During the last 5 years the exports of Namibia to Finland have increased at an annualized rate of 187%, from $555k in 2017 to $109M in 2022.

In 2017, Finland exported $62.9M to Namibia. The main products exported from Finland to Namibia were Delivery Trucks ($22.6M), Large Construction Vehicles ($19.9M), and Other Construction Vehicles ($11.4M). During the last 5 years the exports of Finland to Namibia have increased at an annualized rate of 66.4%, from $4.92M in 2022 to $62.9M in 2017.

Exports from Namibia () to Finland () (2022)

Exports from Finland () to Namibia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.75B

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Namibia than Finland included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

In 2022, countries that imported more from Finland than Namibia included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Namibia - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Namibia had a large net trade with Finland in the exports of Chemical Products ($108M), Vegetable Products ($795k), and Mineral Products ($138k).

During 2017, Finland had a large net trade with Namibia in the exports of Machines ($33.6M), Transportation ($24.2M), and Plastics and Rubbers ($1.68M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia Finland+$138kGrapes

Top Product Potential Finland Namibia+$331kExcavation Machinery

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

About

Historical Data

Bilateral Trade by Products

Exports from Namibia () to Finland () (2022)

Exports from Finland () to Namibia () (2022)

Market Competitiveness

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

Comparative Advantage Namibia - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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