2022
Exports
$3.3MWorld Rnk 80 / 188
Flag Rnk 88 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$21.3MWorld Rnk 56 / 212
Flag Rnk 83 / 96
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $3.3M in Natural gums, resins & other vegetable extracts, making it the 80th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 88th most exported product in Finland. The main destination of Natural gums, resins & other vegetable extracts exports from Finland are: Russia ($934k), China ($373k), Lithuania ($256k), Netherlands ($205k), and Czechia ($180k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Finland between 2021 and 2022 were Russia ($932k), Netherlands ($194k), and France ($92.9k).

Imports In 2022, Finland imported $21.3M in Natural gums, resins & other vegetable extracts, becoming the 56th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 83rd most imported product in Finland. Finland imports Natural gums, resins & other vegetable extracts primarily from: Germany ($5.51M), France ($2.49M), Switzerland ($2.03M), Netherlands ($1.84M), and Italy ($1.57M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Finland between 2021 and 2022 were Germany ($888k), Switzerland ($816k), and France ($692k).

Latest Trends

Jul 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 Natural gums, resins & other vegetable extracts. 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)$3.3M
IMPORTS (2022)$21.3M
NET TRADE (2022)-$18M

In 2022, Finland exported $3.3M in Natural gums, resins & other vegetable extracts. The main destinations of Finland exports on Natural gums, resins & other vegetable extracts were Russia ($934k), China ($373k), Lithuania ($256k), Netherlands ($205k), and Czechia ($180k).

In 2022, Finland imported $21.3M in Natural gums, resins & other vegetable extracts, mainly from Germany ($5.51M), France ($2.49M), Switzerland ($2.03M), Netherlands ($1.84M), and Italy ($1.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Russia$932k (58.5k%)
Netherlands$194k (1.79k%)
France$92.9k (311%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Finland WERE (2021 - 2022):
Lithuania-$906k (-78%)
China-$384k (-50.8%)
Denmark-$316k (-82.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Finland's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $493k
TOP IMPORT POTENTIALIndia+ $710k

Natural gums, resins & other vegetable extracts’s highest export potential is Russia. With an export gap of $493k.   Natural gums, resins & other vegetable extracts’s highest import potential is India with an import gap of $710k.

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