Portugal (PRT) and Finland (FIN) Trade | The Observatory of Economic Complexity

About

Portugal-Finland Trade: In 2022, Portugal exported $536M to Finland. The main products that Portugal exported to Finland were Copper Ore ($151M), Zinc Ore ($133M), and Raw Iron Bars ($17.6M). Over the past 5 years the exports of Portugal to Finland have increased at an annualized rate of 13.2%, from $288M in 2017 to $536M in 2022.

In 2020, Portugal exported services to Finland worth $29.7M, with Travel ($29.7M) being the largest in terms of value.

Finland-Portugal Trade: In 2022, Finland exported $311M to Portugal. The main products that Finland exported to Portugal were Large Flat-Rolled Stainless Steel ($36.5M), Rosin ($26.1M), and Sulfate Chemical Woodpulp ($24.8M). Over the past 5 years the exports of Finland to Portugal have increased at an annualized rate of 6.91%, from $223M in 2017 to $311M in 2022.

In 2020, Finland exported services to Portugal worth $51.4M, with Computer and information services ($20.6M), Other business services ($19.4M), and Transportation ($5.71M) being the largest in terms of value.

Comparison: In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €39.2M and imported €21.3M from Finland, resulting in a positive trade balance of €18M. Between August 2023 and August 2024 the exports of Portugal have increased by €14.9M (60.9%) from €24.4M to €39.2M, while imports decreased by €-2.23M (-9.47%) from €23.5M to €21.3M.

Trade In August 2024, the top exports of Portugal to Finland were Ores, slag and ash (€5.64M), Iron & steel (€3.85M), Machinery, mechanical appliances, & parts (€2.17M), Knitted clothing accesories (€1.82M), and Beverages, spirits, & vinegar (€1.02M). In August 2024 the top imports of Portugal from Finland were Chemical products n.e.s. (€4.9M), Machinery, mechanical appliances, & parts (€4.3M), Paper articles (€3.17M), Iron & steel (€2.24M), and Electrical machinery and electronics (€1.39M).

Growth In August 2024, the increase in Portugal's year-by-year exports to Finland was explained primarily by an increase in product exports in Iron & steel (€3.8M or 7.78k%), Machinery, mechanical appliances, & parts (€1.79M or 474%), and Rubber & articles thereof (€833k or 574%). In August 2024, the decrease in Portugal's year-by-year imports from Finland was explained primarily by an decrease in product imports in Iron & steel (€-2.19M or -49.4%), Cars, tractors, trucks & parts thereof. (€-567k or -52.3%), and Wood, wood articles, & charcoal (€-523k or -38.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€14.9M(60.9%)

IMPORT GROWTH (August 2023 - August 2024)€-2.23M(-9.47%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Finland and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $536M to Finland. The main products exported from Portugal to Finland were Copper Ore ($151M), Zinc Ore ($133M), and Raw Iron Bars ($17.6M). During the last 5 years the exports of Portugal to Finland have increased at an annualized rate of 13.2%, from $288M in 2017 to $536M in 2022.

In 2017, Finland exported $311M to Portugal. The main products exported from Finland to Portugal were Large Flat-Rolled Stainless Steel ($36.5M), Rosin ($26.1M), and Sulfate Chemical Woodpulp ($24.8M). During the last 5 years the exports of Finland to Portugal have increased at an annualized rate of 6.91%, from $223M in 2022 to $311M in 2017.

Exports from Portugal () to Finland () (2022)

Exports from Finland () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Portugal than Finland included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2022, countries that imported more from Finland than Portugal included Sweden ($9.1B), China ($4.94B), and United States ($9.17B).

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

Comparative Advantage Portugal - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Finland in the exports of Mineral Products ($288M), Textiles ($43.6M), and Metals ($43.5M).

During 2017, Finland had a large net trade with Portugal in the exports of Machines ($70.4M), Metals ($58.7M), and Paper Goods ($58.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Portugal Finland+$14.3MCars

Top Product Potential Finland Portugal+$4.94MKaolin 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Fin Year

Prt Year

In 2020, Portugal exported services to Finland worth $29.7M, with Travel ($29.7M) being the largest in terms of value.

In 2020, Finland exported services to Portugal worth $51.4M, with Computer and information services ($20.6M), Other business services ($19.4M), and Transportation ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Finland () (2022)

Exports from Finland () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Finland

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring