Finnvera Group Business Review and ESG Strategy
Finnish Exports and Economy
Biggest import and export countries, 2022*
Imports by country of origin, exports by country of destination
Finland
International comparison data
Country
Population, GNI per capita,
Inflation, Unem-
million
USD, purchasing
%
ployment,
power adjusted
%
2021
2021
2022
2022
5.5
56 140
7.1
6.8
Sweden
10.4
60 990
8.4
7.4
Import country
Germany
€ million
%
Export country
€ million %
Norway
5.4
84 240
5.8
3.2
Denmark
5.9
66 740
7.7
4.2
11900
12.9
Germany
9 561
11.7
Sweden
11 649
12.6
Sweden
8780
10.7
Iceland
0.4
56 230
8.3
3.8
China
8 468
9.2
United States
7750
9.5
Austria
8.9
59 480
8.5
4.7
Norway
6 399
6.9
Netherlands
5995
7.3
Russia
6 248
6.8
China
4035
4.9
Belgium
11.5
59 900
9.6
5.6
Netherlands
4724
5.1
Estonia
3 514
4.3
China
1412.6
19 160
1.9
4.9
United States
4 114
4.5
Great Britain
2927
3.6
•
Estonia
3445
3.7
Belgium
2 907
3.6
Poland
3 049
3.3
France
2525
3.1
Italy
2 343
2.5
Poland
2492
3.0
Total exports amount to roughly 40%
of GDP
Czech Republic
10.7
43 950
15.1
2.4
Estonia
1.3
41 760
19.4
5.9
France
65.4
52 120
5.2
7.4
Other countries
30 028
32.5
Other countries
31241
38.3
Germany
83.2
60 040
6.9
3.0
Total
92366
100
Total
81727 100
Greece
10.7
31600
9.6
12.2
Imports and exports by product category
Total imports
2021
2022*
€ million
€ million
2022*
%
72 936
92 366
100
•
Chemical industry products
13 227
17 698
19.2
Products from mining and quarrying
8 035
13 156
14.2
Electric and electronics industry products
10 416
12 036
13.0
Metal and metal products
7 328
10 016
10.8
Transport equipment
7 953
8 243
8.9
Other
25 977
31218
33.8
Total exports
68 908
81 727
100
Chemical industry products
12 674
17 502
21.4
Forest industry products
13 037
14 459
17.7
Metal and metal products
11 448
14 320
17.5
Machinery and equipment
8 978
9 834
12.0
Electric and electronics industry products
7721
9 317
11.4
Other
15 050
16 295
19.9
Trade balance
-4 027
-10 639
Source: Finnish Customs
• Main trading partners are Germany,
Sweden and the US
Trade with Russia has declined for a
long time and is currently negligible
Hungary
9.7
35 650
14.6
3.4
Ireland
5.0
78 630
7.8
4.4
Israel
9.4
43 790
4.4
3.5
Italy
59.2
46 930
8.2
8.1
Latvia
1.9
33 580
17.3
6.4
Lithuania
2.8
41 750
19.7
5.6
Luxembourg
0.6
184 010
6.3
4.7
Netherlands
17.5
63 340
10.0
3.5
Poland
37.8
36 330
14.3
2.6
Portugal
10.3
35 620
7.8
5.8
Spain
47.4
40 800
8.4
13.0
Switzerland
8.7
75 660
2.8
4.2
Türkiye
183.6
30 000
72.3
10.0
Ukraine
41.4
13 860
20.1
219.8
United Kingdom
67.0
50 540
7.9
3.6
United States
331.9
70 480
8.0
3.6
1) 2020 - 21 2021
Sources: UN; ILO; IMF; OECD; World Bank
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