2022
Exports
$949MWorld Rnk 29 / 98
Flag Rnk 14 / 1205
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$2.16BWorld Rnk 19 / 128
Flag Rnk 4 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $949M in Electricity, making it the 29th largest exporter of Electricity in the world. At the same year, Electricity was the 14th most exported product in Finland. The main destination of Electricity exports from Finland are: Estonia ($944M), Sweden ($3.83M), Norway ($480k), and Russia ($4.05k).

The fastest growing export markets for Electricity of Finland between 2021 and 2022 were Estonia ($276M) and Sweden ($2.96M).

Imports In 2022, Finland imported $2.16B in Electricity, becoming the 19th largest importer of Electricity in the world. At the same year, Electricity was the 4th most imported product in Finland. Finland imports Electricity primarily from: Sweden ($1.75B), Russia ($349M), Norway ($32.4M), Estonia ($25.9M), and Canada ($1.88k).

The fastest growing import markets in Electricity for Finland between 2021 and 2022 were Sweden ($714M), Norway ($15.2M), and Estonia ($11.5M).

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 Electricity. 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)$949M
IMPORTS (2022)$2.16B
NET TRADE (2022)-$1.21B

In 2022, Finland exported $949M in Electricity. The main destinations of Finland exports on Electricity were Estonia ($944M), Sweden ($3.83M), Norway ($480k), and Russia ($4.05k).

In 2022, Finland imported $2.16B in Electricity, mainly from Sweden ($1.75B), Russia ($349M), Norway ($32.4M), Estonia ($25.9M), and Canada ($1.88k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Estonia$276M (41.2%)
Sweden$2.96M (339%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Finland WERE (2021 - 2022):
Norway-$552k (-53.5%)
Russia-$444k (-99.1%)
Greece-$110k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Electricity were:
In 2022, Finland's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNorway+ $624k
TOP IMPORT POTENTIALNorway+ $23.8M

Electricity’s highest export potential is Norway. With an export gap of $624k.   Electricity’s highest import potential is Norway with an import gap of $23.8M.

See methodology.

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