Sierra Leone (SLE) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Sierra Leone-Finland Trade: In 2023, Sierra Leone exported $649k to Finland. The main products that Sierra Leone exported to Finland were Recreational Boats ($454k), Aluminium Bars ($63.4k), and Brooms ($25.6k). Over the past 5 years the exports of Sierra Leone to Finland have increased at an annualized rate of 37.1%, from $134k in 2018 to $649k in 2023.

In 2023, Sierra Leone did not export any services to Finland.

Finland-Sierra Leone Trade: In 2023, Finland exported $264k to Sierra Leone. The main products that Finland exported to Sierra Leone were Transmissions ($147k), Cellulose ($22.7k), and Low-voltage Protection Equipment ($16k). Over the past 5 years the exports of Finland to Sierra Leone have decreased at an annualized rate of 19.3%, from $772k in 2018 to $264k in 2023.

In 2023, Finland did not export any services to Sierra Leone.

Comparison In 2023, Sierra Leone ranked 152 in total exports ($1.52B), 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, Sierra Leone exported $649k to Finland. The main products exported from Sierra Leone to Finland were Recreational Boats ($454k), Aluminium Bars ($63.4k), and Brooms ($25.6k). During the last 5 years the exports of Sierra Leone to Finland have increased at an annualized rate of 37.1%, from $134k in 2018 to $649k in 2023.

In 2018, Finland exported $264k to Sierra Leone. The main products exported from Finland to Sierra Leone were Transmissions ($147k), Cellulose ($22.7k), and Low-voltage Protection Equipment ($16k). During the last 5 years the exports of Finland to Sierra Leone have decreased at an annualized rate of 19.3%, from $772k in 2023 to $264k in 2018.

Exports from Sierra Leone () to Finland () (2023)

Exports from Finland () to Sierra Leone () (2023)

Latest Data

Trade between Sierra Leone () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sierra Leone
Top DestinationChina$1.03B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Sierra Leone than Finland included Central African Republic ($96.9k).

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

Difference in imports from Finland () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sierra Leone had a large net trade with Finland in the exports of Transportation ($457k), Metals ($71.8k), and Miscellaneous ($33.6k).

During 2018, Finland had a large net trade with Sierra Leone in the exports of Machines ($169k), Plastics and Rubbers ($39k), and Transportation ($26k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sierra Leone Finland+$109kCars

Top Product Potential Finland Sierra Leone+$144kDelivery Trucks

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

About

Historical Data

Bilateral Trade by Products

Exports from Sierra Leone () to Finland () (2023)

Exports from Finland () to Sierra Leone () (2023)

Latest Data

Trade between Sierra Leone () and Finland ()

Finland Exports

Market Competitiveness

Difference in imports from Finland () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sierra Leone () and Finland () (2023)

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