Qatar (QAT) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Qatar-Finland Trade: In 2023, Qatar exported $150M to Finland. The main products that Qatar exported to Finland were Refined Petroleum ($133M), Ethylene Polymers ($9.54M), and Non-Iron and Steel Slag, Ash and Residues ($7.02M). Over the past 5 years the exports of Qatar to Finland have increased at an annualized rate of 33.7%, from $35.1M in 2018 to $150M in 2023.

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

Finland-Qatar Trade: In 2023, Finland exported $43.8M to Qatar. The main products that Finland exported to Qatar were Valves ($8.95M), Crude Petroleum ($5.93M), and Electrical Transformers ($2.73M). Over the past 5 years the exports of Finland to Qatar have decreased at an annualized rate of 3.17%, from $58.6M in 2018 to $43.8M in 2023.

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

Comparison: In 2023, Qatar ranked 78 in the Economic Complexity Index (ECI -0.33), and 36 in total exports ($118B). 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, Qatar exported $150M to Finland. The main products exported from Qatar to Finland were Refined Petroleum ($133M), Ethylene Polymers ($9.54M), and Non-Iron and Steel Slag, Ash and Residues ($7.02M). During the last 5 years the exports of Qatar to Finland have increased at an annualized rate of 33.7%, from $35.1M in 2018 to $150M in 2023.

In 2018, Finland exported $43.8M to Qatar. The main products exported from Finland to Qatar were Valves ($8.95M), Crude Petroleum ($5.93M), and Electrical Transformers ($2.73M). During the last 5 years the exports of Finland to Qatar have decreased at an annualized rate of 3.17%, from $58.6M in 2023 to $43.8M in 2018.

Exports from Qatar () to Finland () (2023)

Exports from Finland () to Qatar () (2023)

Latest Data

Trade between Qatar () and Finland ()

Qatar Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$20.9B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Qatar than Finland included China ($20.9B), India ($12.9B), and South Korea ($12.1B).

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

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

Comparative Advantage Qatar - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Qatar had a large net trade with Finland in the exports of Mineral Products ($140M), Plastics and Rubbers ($9.55M), and Machines ($236k).

During 2018, Finland had a large net trade with Qatar in the exports of Machines ($24.9M), Mineral Products ($6M), and Chemical Products ($3.03M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Qatar Finland+$18.2MRefined Petroleum

Top Product Potential Finland Qatar+$3.56MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Qatar () to Finland () (2023)

Exports from Finland () to Qatar () (2023)

Latest Data

Trade between Qatar () and Finland ()

Qatar Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Qatar - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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