2022
Exports
$236kWorld Rnk 53 / 89
Flag Rnk 929 / 1205
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$86.6kWorld Rnk 71 / 144
Flag Rnk 1143 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $236k in Iron Reductions, making it the 53rd largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 929th most exported product in Finland. The main destination of Iron Reductions exports from Finland are: Netherlands ($174k), Lithuania ($52.1k), Norway ($6.91k), Belgium ($2.86k), and Denmark ($24).

The fastest growing export markets for Iron Reductions of Finland between 2021 and 2022 were Netherlands ($174k), Lithuania ($12.6k), and Norway ($6.87k).

Imports In 2022, Finland imported $86.6k in Iron Reductions, becoming the 71st largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1143rd most imported product in Finland. Finland imports Iron Reductions primarily from: United Kingdom ($51.7k), Netherlands ($18.2k), Trinidad and Tobago ($11.4k), Italy ($4.96k), and United States ($241).

The fastest growing import markets in Iron Reductions for Finland between 2021 and 2022 were Netherlands ($18.2k), Trinidad and Tobago ($11.4k), and Italy ($2.91k).

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 Reductions. 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)$236k
IMPORTS (2022)$86.6k
NET TRADE (2022)$149k

In 2022, Finland exported $236k in Iron Reductions. The main destinations of Finland exports on Iron Reductions were Netherlands ($174k), Lithuania ($52.1k), Norway ($6.91k), Belgium ($2.86k), and Denmark ($24).

In 2022, Finland imported $86.6k in Iron Reductions, mainly from United Kingdom ($51.7k), Netherlands ($18.2k), Trinidad and Tobago ($11.4k), Italy ($4.96k), and United States ($241).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Netherlands$174k (167k%)
Lithuania$12.6k (31.8%)
Norway$6.87k (14.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Finland WERE (2021 - 2022):Egypt-$1.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Iron Reductions were:
In 2022, Finland's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $6.65k
TOP IMPORT POTENTIALNetherlands+ $5.34k

Iron Reductions’s highest export potential is Belgium. With an export gap of $6.65k.   Iron Reductions’s highest import potential is Netherlands with an import gap of $5.34k.

See methodology.

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