2022
Exports
$2.26MWorld Rnk 31 / 114
Flag Rnk 654 / 1205
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$7.7MWorld Rnk 16 / 172
Flag Rnk 668 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $2.26M in Iron Ingots, making it the 31st largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 654th most exported product in Finland. The main destination of Iron Ingots exports from Finland are: Sweden ($1.2M), Hungary ($683k), Estonia ($228k), Italy ($89.2k), and Netherlands ($15.9k).

The fastest growing export markets for Iron Ingots of Finland between 2021 and 2022 were Sweden ($208k), Italy ($84.6k), and Hungary ($74.6k).

Imports In 2022, Finland imported $7.7M in Iron Ingots, becoming the 16th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 668th most imported product in Finland. Finland imports Iron Ingots primarily from: China ($3.43M), Japan ($1.04M), United Kingdom ($919k), Sweden ($511k), and Estonia ($462k).

The fastest growing import markets in Iron Ingots for Finland between 2021 and 2022 were China ($2.61M), Japan ($1.04M), and United Kingdom ($604k).

Latest Trends

Sep 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 Iron Ingots. 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)$2.26M
IMPORTS (2022)$7.7M
NET TRADE (2022)-$5.44M

In 2022, Finland exported $2.26M in Iron Ingots. The main destinations of Finland exports on Iron Ingots were Sweden ($1.2M), Hungary ($683k), Estonia ($228k), Italy ($89.2k), and Netherlands ($15.9k).

In 2022, Finland imported $7.7M in Iron Ingots, mainly from China ($3.43M), Japan ($1.04M), United Kingdom ($919k), Sweden ($511k), and Estonia ($462k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Sweden$208k (20.9%)
Italy$84.6k (1.83k%)
Hungary$74.6k (12.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Finland WERE (2021 - 2022):
Uruguay-$357k (-100%)
Singapore-$49.1k (-99.9%)
Germany-$42.9k (-96.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Finland's main importing competitors in Iron Ingots were:

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $96.7k
TOP IMPORT POTENTIALSweden+ $121k

Iron Ingots’s highest export potential is Italy. With an export gap of $96.7k.   Iron Ingots’s highest import potential is Sweden with an import gap of $121k.

See methodology.

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