2023
Exports
$192MWorld Rnk 42 / 199
Flag Rnk 94 / 1207
2023
PRODUCT COMPLEXITY IN Gas Turbines
0.7Rnk 283 / 1025
2023
Imports
$202MWorld Rnk 60 / 210
Flag Rnk 88 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $192M in Gas Turbines, making it the 42nd largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 94th most exported product in Finland. The main destination of Gas Turbines exports from Finland are: United States ($77.5M), Thailand ($21.5M), Romania ($15.7M), United Kingdom ($14.8M), and Philippines ($11.6M).

The fastest growing export markets for Gas Turbines of Finland between 2022 and 2023 were United States ($37.4M), Thailand ($21.5M), and Romania ($15.7M).

Imports In 2023, Finland imported $202M in Gas Turbines, becoming the 60th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 88th most imported product in Finland. Finland imports Gas Turbines primarily from: United States ($111M), United Kingdom ($40.3M), Philippines ($9.05M), Canada ($8.71M), and India ($7.37M).

The fastest growing import markets in Gas Turbines for Finland between 2022 and 2023 were Philippines ($9.05M), India ($3.8M), and Canada ($3.09M).

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 Gas Turbines. 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)$192M
IMPORTS (2023)$202M
NET TRADE (2023)-$9.52M

In 2023, Finland exported $192M in Gas Turbines. The main destinations of Finland exports on Gas Turbines were United States ($77.5M), Thailand ($21.5M), Romania ($15.7M), United Kingdom ($14.8M), and Philippines ($11.6M).

In 2023, Finland imported $202M in Gas Turbines, mainly from United States ($111M), United Kingdom ($40.3M), Philippines ($9.05M), Canada ($8.71M), and India ($7.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Finland WERE (2022 - 2023):
United States$37.4M (93.3%)
Thailand$21.5M (8.08M%)
Romania$15.7M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Finland WERE (2022 - 2023):
Russia-$7.07M (-100%)
India-$6.03M (-39.2%)
China-$3.81M (-42.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Gas Turbines were:
In 2023, Finland's main importing competitors in Gas Turbines were:

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.3M
TOP IMPORT POTENTIALUnited Kingdom+ $12.6M

Gas Turbines’s highest export potential is United States. With an export gap of $20.3M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $12.6M.

See methodology.

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