Togo (TGO) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Togo-Finland Trade: In 2023, Togo exported $155k to Finland. The main products that Togo exported to Finland were Electrical Transformers ($138k), Other Measuring Instruments ($4.73k), and Excavation Machinery ($4.31k). Over the past 5 years the exports of Togo to Finland have increased at an annualized rate of 93.2%, from $5.75k in 2018 to $155k in 2023.

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

Finland-Togo Trade: In 2023, Finland exported $5.35M to Togo. The main products that Finland exported to Togo were Other Construction Vehicles ($771k), Iron Radiators ($381k), and Special Pharmaceuticals ($369k). Over the past 5 years the exports of Finland to Togo have decreased at an annualized rate of 13.3%, from $10.9M in 2018 to $5.35M in 2023.

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

Comparison: In 2023, Togo ranked 103 in the Economic Complexity Index (ECI -0.85), and 120 in total exports ($6.6B). 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, Togo exported $155k to Finland. The main products exported from Togo to Finland were Electrical Transformers ($138k), Other Measuring Instruments ($4.73k), and Excavation Machinery ($4.31k). During the last 5 years the exports of Togo to Finland have increased at an annualized rate of 93.2%, from $5.75k in 2018 to $155k in 2023.

In 2018, Finland exported $5.35M to Togo. The main products exported from Finland to Togo were Other Construction Vehicles ($771k), Iron Radiators ($381k), and Special Pharmaceuticals ($369k). During the last 5 years the exports of Finland to Togo have decreased at an annualized rate of 13.3%, from $10.9M in 2023 to $5.35M in 2018.

Exports from Togo () to Finland () (2023)

Exports from Finland () to Togo () (2023)

Latest Data

Trade between Togo () and Finland ()

Togo Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Togo
Top DestinationUnited Arab Emirates$2.65B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Togo than Finland included United Arab Emirates ($2.65B), Angola ($856M), and Burkina Faso ($239M).

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

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

Comparative Advantage Togo - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Togo had a large net trade with Finland in the exports of Machines ($143k), Instruments ($4.73k), and Miscellaneous ($4.23k).

During 2018, Finland had a large net trade with Togo in the exports of Machines ($3.14M), Metals ($702k), and Chemical Products ($523k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Togo Finland+$5.04kRefined Petroleum

Top Product Potential Finland Togo+$93.3kElectrical Transformers

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

About

Historical Data

Bilateral Trade by Products

Exports from Togo () to Finland () (2023)

Exports from Finland () to Togo () (2023)

Latest Data

Trade between Togo () and Finland ()

Togo Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Togo - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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