2023
Exports
$1.1BWorld Rnk 19 / 221
Flag Rnk 11 / 1207
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$720MWorld Rnk 27 / 224
Flag Rnk 16 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $1.1B in Excavation Machinery, making it the 19th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 11th most exported product in Finland. The main destination of Excavation Machinery exports from Finland are: Netherlands ($157M), United States ($141M), Germany ($79.3M), Italy ($67.9M), and Poland ($63.3M).

The fastest growing export markets for Excavation Machinery of Finland between 2022 and 2023 were Poland ($30.7M), Australia ($23.3M), and United States ($20.9M).

Imports In 2023, Finland imported $720M in Excavation Machinery, becoming the 27th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 16th most imported product in Finland. Finland imports Excavation Machinery primarily from: Estonia ($150M), Sweden ($100M), Germany ($91.1M), Poland ($66.9M), and Italy ($60.7M).

The fastest growing import markets in Excavation Machinery for Finland between 2022 and 2023 were Austria ($3.11M), India ($2.2M), and Italy ($1.56M).

Latest Trends

Jan 2025

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 Excavation Machinery. 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 (2023)$1.1B
IMPORTS (2023)$720M
NET TRADE (2023)$382M

In 2023, Finland exported $1.1B in Excavation Machinery. The main destinations of Finland exports on Excavation Machinery were Netherlands ($157M), United States ($141M), Germany ($79.3M), Italy ($67.9M), and Poland ($63.3M).

In 2023, Finland imported $720M in Excavation Machinery, mainly from Estonia ($150M), Sweden ($100M), Germany ($91.1M), Poland ($66.9M), and Italy ($60.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Poland$30.7M (94.2%)
Australia$23.3M (64.6%)
United States$20.9M (17.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Finland WERE (2022 - 2023):
France-$11.1M (-22.8%)
Russia-$6.63M (-88.4%)
Portugal-$5.81M (-51.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Excavation Machinery were:
In 2023, Finland's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.9M
TOP IMPORT POTENTIALChina+ $29.6M

Excavation Machinery’s highest export potential is United States. With an export gap of $47.9M.   Excavation Machinery’s highest import potential is China with an import gap of $29.6M.

See methodology.

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