Uzbekistan (UZB) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Uzbekistan-Finland Trade: In 2023, Uzbekistan exported $5.25M to Finland. The main products that Uzbekistan exported to Finland were Raw Iron Bars ($2.7M), Stranded Copper Wire ($1.61M), and Ethylene Polymers ($396k). Over the past 5 years the exports of Uzbekistan to Finland have increased at an annualized rate of 159%, from $45.3k in 2018 to $5.25M in 2023.

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

Finland-Uzbekistan Trade: In 2023, Finland exported $82M to Uzbekistan. The main products that Finland exported to Uzbekistan were Electric Motors ($10.3M), Kaolin Coated Paper ($5.26M), and Centrifuges ($4.99M). Over the past 5 years the exports of Finland to Uzbekistan have increased at an annualized rate of 15.4%, from $40M in 2018 to $82M in 2023.

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

Comparison: In 2023, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B). 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, Uzbekistan exported $5.25M to Finland. The main products exported from Uzbekistan to Finland were Raw Iron Bars ($2.7M), Stranded Copper Wire ($1.61M), and Ethylene Polymers ($396k). During the last 5 years the exports of Uzbekistan to Finland have increased at an annualized rate of 159%, from $45.3k in 2018 to $5.25M in 2023.

In 2018, Finland exported $82M to Uzbekistan. The main products exported from Finland to Uzbekistan were Electric Motors ($10.3M), Kaolin Coated Paper ($5.26M), and Centrifuges ($4.99M). During the last 5 years the exports of Finland to Uzbekistan have increased at an annualized rate of 15.4%, from $40M in 2023 to $82M in 2018.

Exports from Uzbekistan () to Finland () (2023)

Exports from Finland () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$8.18B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Uzbekistan than Finland included Switzerland ($8.18B), Russia ($3.02B), and Kazakhstan ($1.37B).

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

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

Comparative Advantage Uzbekistan - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uzbekistan had a large net trade with Finland in the exports of Metals ($4.45M), Plastics and Rubbers ($421k), and Machines ($109k).

During 2018, Finland had a large net trade with Uzbekistan in the exports of Machines ($45.1M), Paper Goods ($10.4M), and Instruments ($7.33M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uzbekistan Finland+$1.58MEthylene Polymers

Top Product Potential Finland Uzbekistan+$2.15MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Uzbekistan () to Finland () (2023)

Exports from Finland () to Uzbekistan () (2023)

Latest Data

Trade between Uzbekistan () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Uzbekistan - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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