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2022
Exports $6.95BWorld Rnk 30 / 214
Flag Rnk 1 / 1205
2022
Destination $630M Sweden
2021 - 2022
FASTEST GROWING MARKET $630MSweden
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $4.49BWorld Rnk 59 / 225
Flag Rnk 2 / 1211
2022
Origin $969M Sweden
2021 - 2022
FASTEST GROWING ORIGIN $969MSweden
2022
ECONOMIC COMPLEXITY of Finland1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $6.95B in Refined Petroleum, making it the 30th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Finland. The main destination of Refined Petroleum exports from Finland are: Sweden ($1.86B), United States ($1.28B), Netherlands ($803M), Belgium ($624M), and United Kingdom ($514M).

The fastest growing export markets for Refined Petroleum of Finland between 2021 and 2022 were Sweden ($630M), United States ($587M), and Netherlands ($443M).

Imports In 2022, Finland imported $4.49B in Refined Petroleum, becoming the 59th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Finland. Finland imports Refined Petroleum primarily from: Sweden ($2.3B), Russia ($942M), Netherlands ($480M), Singapore ($148M), and Qatar ($138M).

The fastest growing import markets in Refined Petroleum for Finland between 2021 and 2022 were Sweden ($969M), Russia ($219M), and Qatar ($126M).

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 Refined Petroleum. 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)$6.95B
IMPORTS (2022)$4.49B
NET TRADE (2022)$2.46B

In 2022, Finland exported $6.95B in Refined Petroleum. The main destinations of Finland exports on Refined Petroleum were Sweden ($1.86B), United States ($1.28B), Netherlands ($803M), Belgium ($624M), and United Kingdom ($514M).

In 2022, Finland imported $4.49B in Refined Petroleum, mainly from Sweden ($2.3B), Russia ($942M), Netherlands ($480M), Singapore ($148M), and Qatar ($138M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Sweden$630M (51.2%)
United States$587M (84.3%)
Netherlands$443M (123%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Finland WERE (2021 - 2022):
Russia-$219M (-66.5%)
Gibraltar-$53.5M (-100%)
France-$31.2M (-36.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Finland's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $267M
TOP IMPORT POTENTIALRussia+ $361M

Refined Petroleum’s highest export potential is United States. With an export gap of $267M.   Refined Petroleum’s highest import potential is Russia with an import gap of $361M.

See methodology.

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