2023
Exports
$6.06BWorld Rnk 31 / 214
Flag Rnk 1 / 1207
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$3.04BWorld Rnk 69 / 226
Flag Rnk 3 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $6.06B in Refined Petroleum, making it the 31st 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 ($1.4B), United States ($1.15B), Netherlands ($966M), Belgium ($507M), and Poland ($395M).

The fastest growing export markets for Refined Petroleum of Finland between 2022 and 2023 were Poland ($267M), Italy ($50.6M), and France ($40.4M).

Imports In 2023, Finland imported $3.04B in Refined Petroleum, becoming the 69th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Finland. Finland imports Refined Petroleum primarily from: Sweden ($1.64B), Netherlands ($328M), Poland ($210M), Singapore ($164M), and Belgium ($145M).

The fastest growing import markets in Refined Petroleum for Finland between 2022 and 2023 were Poland ($167M), Belgium ($84.2M), and France ($45.6M).

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 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 (2023)$6.06B
IMPORTS (2023)$3.04B
NET TRADE (2023)$3.02B

In 2023, Finland exported $6.06B in Refined Petroleum. The main destinations of Finland exports on Refined Petroleum were Sweden ($1.4B), United States ($1.15B), Netherlands ($966M), Belgium ($507M), and Poland ($395M).

In 2023, Finland imported $3.04B in Refined Petroleum, mainly from Sweden ($1.64B), Netherlands ($328M), Poland ($210M), Singapore ($164M), and Belgium ($145M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Finland WERE (2022 - 2023):
Poland$267M (210%)
Italy$50.6M (1.01k%)
France$40.4M (61.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Finland WERE (2022 - 2023):
Argentina-$257M (-85.2%)
Sweden-$210M (-13.1%)
Russia-$109M (-98.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Refined Petroleum were:
In 2023, Finland's main importing competitors in Refined Petroleum were:

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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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