2022
Exports
$40.6MWorld Rnk 26 / 195
Flag Rnk 250 / 1205
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$65.2MWorld Rnk 39 / 224
Flag Rnk 259 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $40.6M in Lubricating Products, making it the 26th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 250th most exported product in Finland. The main destination of Lubricating Products exports from Finland are: Sweden ($11.7M), Russia ($10.5M), Estonia ($3.86M), Kazakhstan ($2.49M), and Ukraine ($1.93M).

The fastest growing export markets for Lubricating Products of Finland between 2021 and 2022 were Sweden ($5.82M), Kazakhstan ($2.05M), and Germany ($1.48M).

Imports In 2022, Finland imported $65.2M in Lubricating Products, becoming the 39th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 259th most imported product in Finland. Finland imports Lubricating Products primarily from: Germany ($17M), Netherlands ($8.18M), United Kingdom ($7.72M), France ($7.24M), and Sweden ($6.29M).

The fastest growing import markets in Lubricating Products for Finland between 2021 and 2022 were Lithuania ($1.04M), Denmark ($875k), and Switzerland ($687k).

Latest Trends

Oct 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 Lubricating Products. 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)$40.6M
IMPORTS (2022)$65.2M
NET TRADE (2022)-$24.6M

In 2022, Finland exported $40.6M in Lubricating Products. The main destinations of Finland exports on Lubricating Products were Sweden ($11.7M), Russia ($10.5M), Estonia ($3.86M), Kazakhstan ($2.49M), and Ukraine ($1.93M).

In 2022, Finland imported $65.2M in Lubricating Products, mainly from Germany ($17M), Netherlands ($8.18M), United Kingdom ($7.72M), France ($7.24M), and Sweden ($6.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Sweden$5.82M (99.1%)
Kazakhstan$2.05M (465%)
Germany$1.48M (6.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Finland WERE (2021 - 2022):
Russia-$45.9M (-81.4%)
Ukraine-$2.15M (-52.6%)
Belarus-$594k (-76.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Lubricating Products were:
In 2022, Finland's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.3M
TOP IMPORT POTENTIALUnited States+ $1.47M

Lubricating Products’s highest export potential is Germany. With an export gap of $1.3M.   Lubricating Products’s highest import potential is United States with an import gap of $1.47M.

See methodology.

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