Turkey (TUR) and Finland (FIN) Trade | The Observatory of Economic Complexity

About

Turkey-Finland Trade: In 2023, Turkey exported $1.03B to Finland. The main products that Turkey exported to Finland were Iron Structures ($170M), Other Engines ($85.1M), and Cars ($62M). Over the past 5 years the exports of Turkey to Finland have increased at an annualized rate of 10.2%, from $631M in 2018 to $1.03B in 2023.

In 2009, Turkey exported services to Finland worth $0, with being the largest in terms of value.

Finland-Turkey Trade: In 2023, Finland exported $1.59B to Turkey. The main products that Finland exported to Turkey were Scrap Iron ($196M), Sulfate Chemical Woodpulp ($148M), and Papermaking Machines ($142M). Over the past 5 years the exports of Finland to Turkey have increased at an annualized rate of 9.38%, from $1.02B in 2018 to $1.59B in 2023.

In 2020, Finland exported services to Turkey worth $175M, with Computer and information services ($146M), Other business services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $1.03B to Finland. The main products exported from Turkey to Finland were Iron Structures ($170M), Other Engines ($85.1M), and Cars ($62M). During the last 5 years the exports of Turkey to Finland have increased at an annualized rate of 10.2%, from $631M in 2018 to $1.03B in 2023.

In 2018, Finland exported $1.59B to Turkey. The main products exported from Finland to Turkey were Scrap Iron ($196M), Sulfate Chemical Woodpulp ($148M), and Papermaking Machines ($142M). During the last 5 years the exports of Finland to Turkey have increased at an annualized rate of 9.38%, from $1.02B in 2023 to $1.59B in 2018.

Exports from Turkey () to Finland () (2023)

Exports from Finland () to Turkey () (2023)

Latest Data

Trade between Turkey () and Finland ()

Turkey Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Turkey than Finland included Germany ($24.7B), United Arab Emirates ($14.7B), and Iraq ($12.8B).

In 2023, countries that imported more from Finland than Turkey included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

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

Comparative Advantage Turkey - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Finland in the exports of Metals ($265M), Machines ($253M), and Transportation ($168M).

During 2018, Finland had a large net trade with Turkey in the exports of Machines ($550M), Paper Goods ($392M), and Metals ($338M).

Bilateral Service Trade

Fin Year

Tur Year

2009

2008

In 2009, Turkey exported services to Finland worth $0, with being the largest in terms of value.

In 2020, Finland exported services to Turkey worth $175M, with Computer and information services ($146M), Other business services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey () to Finland () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Finland () (2023)

Exports from Finland () to Turkey () (2023)

Latest Data

Trade between Turkey () and Finland ()

Turkey Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Turkey - Finland

Bilateral Service Trade

Services Exports from Turkey () to Finland () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring