2023
Exports
$323kWorld Rnk 57 / 99
Flag Rnk 912 / 1207
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$131kWorld Rnk 71 / 142
Flag Rnk 1122 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $323k in Iron Reductions, making it the 57th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 912th most exported product in Finland. The main destination of Iron Reductions exports from Finland are: Netherlands ($149k), Lithuania ($110k), Saudi Arabia ($63.2k), and Norway ($600).

The fastest growing export markets for Iron Reductions of Finland between 2022 and 2023 were Saudi Arabia ($63.2k) and Lithuania ($52.1k).

Imports In 2023, Finland imported $131k in Iron Reductions, becoming the 71st largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1122nd most imported product in Finland. Finland imports Iron Reductions primarily from: United Kingdom ($101k), Netherlands ($29.8k), and China ($18).

The fastest growing import markets in Iron Reductions for Finland between 2022 and 2023 were United Kingdom ($44.2k), Netherlands ($11.6k), and China ($18).

Latest Trends

Dec 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 (2023)$323k
IMPORTS (2023)$131k
NET TRADE (2023)$192k

In 2023, Finland exported $323k in Iron Reductions. The main destinations of Finland exports on Iron Reductions were Netherlands ($149k), Lithuania ($110k), Saudi Arabia ($63.2k), and Norway ($600).

In 2023, Finland imported $131k in Iron Reductions, mainly from United Kingdom ($101k), Netherlands ($29.8k), and China ($18).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Saudi Arabia$63.2k (1%)
Lithuania$52.1k (89.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Finland WERE (2022 - 2023):
Netherlands-$46.7k (-23.9%)
Norway-$31.2k (-98.1%)
Belgium-$3.19k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Iron Reductions were:
In 2023, 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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