2023
Exports
$41.3MWorld Rnk 39 / 199
Flag Rnk 238 / 1207
2023
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 167 / 1025
2023
Imports
$58.9MWorld Rnk 46 / 223
Flag Rnk 255 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $41.3M in Navigation Equipment, making it the 39th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 238th most exported product in Finland. The main destination of Navigation Equipment exports from Finland are: United States ($4.26M), Germany ($3.61M), Peru ($2.21M), Italy ($2.01M), and Ukraine ($1.95M).

The fastest growing export markets for Navigation Equipment of Finland between 2022 and 2023 were Germany ($2.75M), United States ($2.73M), and Peru ($2.1M).

Imports In 2023, Finland imported $58.9M in Navigation Equipment, becoming the 46th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 255th most imported product in Finland. Finland imports Navigation Equipment primarily from: Germany ($10.2M), China ($7.5M), United States ($7.1M), Israel ($5.19M), and Sweden ($4.74M).

The fastest growing import markets in Navigation Equipment for Finland between 2022 and 2023 were Israel ($5.09M), Canada ($1.33M), and France ($1.21M).

Latest Trends

Jan 2025

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 Navigation Equipment. 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)$41.3M
IMPORTS (2023)$58.9M
NET TRADE (2023)-$17.5M

In 2023, Finland exported $41.3M in Navigation Equipment. The main destinations of Finland exports on Navigation Equipment were United States ($4.26M), Germany ($3.61M), Peru ($2.21M), Italy ($2.01M), and Ukraine ($1.95M).

In 2023, Finland imported $58.9M in Navigation Equipment, mainly from Germany ($10.2M), China ($7.5M), United States ($7.1M), Israel ($5.19M), and Sweden ($4.74M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Germany$2.75M (318%)
United States$2.73M (178%)
Peru$2.1M (1.95k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Finland WERE (2022 - 2023):
Ethiopia-$3.34M (-64.6%)
Croatia-$2.9M (-79.7%)
Saint Martin-$1.6M (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Navigation Equipment were:
In 2023, Finland's main importing competitors in Navigation Equipment were:

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.05M
TOP IMPORT POTENTIALChina+ $3.94M

Navigation Equipment’s highest export potential is United States. With an export gap of $3.05M.   Navigation Equipment’s highest import potential is China with an import gap of $3.94M.

See methodology.

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