2023
Exports
$502MWorld Rnk 42 / 226
Flag Rnk 33 / 1207
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$1.25BWorld Rnk 41 / 226
Flag Rnk 7 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $502M in Motor vehicles; parts and accessories (8701 to 8705), making it the 42nd largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 33rd most exported product in Finland. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Finland are: Germany ($129M), Sweden ($90.3M), United States ($34.8M), Norway ($24.8M), and Netherlands ($24.2M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Finland between 2022 and 2023 were Germany ($60.8M), Sweden ($18.7M), and United States ($7.91M).

Imports In 2023, Finland imported $1.25B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 41st largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 7th most imported product in Finland. Finland imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($434M), Italy ($107M), Sweden ($75.4M), Poland ($67.5M), and France ($53.5M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Finland between 2022 and 2023 were Estonia ($6.3M), Belgium ($5.83M), and Netherlands ($4.83M).

COMPANIES In 2024, leading companies such as ABB Motors and Mechanical (21) and Kubota (15) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Finland to the United States.

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$502M
IMPORTS (2023)$1.25B
NET TRADE (2023)-$748M

In 2023, Finland exported $502M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Finland exports on Motor vehicles; parts and accessories (8701 to 8705) were Germany ($129M), Sweden ($90.3M), United States ($34.8M), Norway ($24.8M), and Netherlands ($24.2M).

In 2023, Finland imported $1.25B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($434M), Italy ($107M), Sweden ($75.4M), Poland ($67.5M), and France ($53.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Germany$60.8M (89.4%)
Sweden$18.7M (26%)
United States$7.91M (29.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Finland WERE (2022 - 2023):
Russia-$6.57M (-53.6%)
Italy-$4.4M (-29.1%)
Austria-$2.8M (-58.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, Finland's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $37.2M
TOP IMPORT POTENTIALChina+ $63.6M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Germany. With an export gap of $37.2M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $63.6M.

See methodology.

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