2022
Exports
$11.6kWorld Rnk 113 / 149
Flag Rnk 1116 / 1205
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$6.94BWorld Rnk 25 / 158
Flag Rnk 1 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $11.6k in Crude Petroleum, making it the 113th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1116th most exported product in Finland. The main destination of Crude Petroleum exports from Finland are: Netherlands ($10.6k), New Zealand ($420), Russia ($316), Czechia ($139), and South Korea ($77).

The fastest growing export markets for Crude Petroleum of Finland between 2021 and 2022 were Netherlands ($6.03k), New Zealand ($420), and Russia ($316).

Imports In 2018, Finland imported $6.94B in Crude Petroleum, becoming the 25th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Finland. Finland imports Crude Petroleum primarily from: Norway ($5.05B), Russia ($910M), United Kingdom ($516M), United States ($367M), and Denmark ($71.6M).

The fastest growing import markets in Crude Petroleum for Finland between 2021 and 2022 were Norway ($4.32B), United Kingdom ($516M), and United States ($349M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.6k
IMPORTS (2022)$6.94B
NET TRADE (2022)-$6.94B

In 2022, Finland exported $11.6k in Crude Petroleum. The main destinations of Finland exports on Crude Petroleum were Netherlands ($10.6k), New Zealand ($420), Russia ($316), Czechia ($139), and South Korea ($77).

In 2022, Finland imported $6.94B in Crude Petroleum, mainly from Norway ($5.05B), Russia ($910M), United Kingdom ($516M), United States ($367M), and Denmark ($71.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Netherlands$6.03k (132%)
New Zealand$420 (1%)
Russia$316 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Finland WERE (2021 - 2022):
Estonia-$3.47k (-100%)
United Kingdom-$681 (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Crude Petroleum were:
In 2022, Finland's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $28.8k
TOP IMPORT POTENTIALRussia+ $514M

Crude Petroleum’s highest export potential is Netherlands. With an export gap of $28.8k.   Crude Petroleum’s highest import potential is Russia with an import gap of $514M.

See methodology.

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