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Finland’s Top Commodity Imports & Exports

Map of the World with Finland

Overview

The country celebrated its first century of independence in 2017 and enjoys a strong reputation as one of the safest and stable countries in the world and is a leading light in many fields, despite having a relatively small population.

Finland is currently ranked as the 38th largest export economy in the world and has annual exports worth $55.1 billion and imports of $58.3 billion, producing a negative trade balance of $3.13 billion.

Finland has suffered a fall in the value of its annual exports over the last five years, declining at an annualized rate of -3.95% from $83.1 billion to $55.1 billion during that time.

The GDP of Finland is $236.8 billion and its GDP per capita is $43,090.25.

Finland’s Top 5 Commodity Exports

CommodityAmount (Annually)
Refined Petroleum$4.15 billion
Large Flat-Rolled Stainless Steel$2.12 billion
Plywood$569 million
Raw Zinc$536 million
Raw Nickel$382 million

Finland’s Other Notable Exports

  1. Kaolin Coated Paper – $4.14 billion
  2. Sawn Wood – $1.81 billion
  3. Sulfate Chemical Woodpulp – $1.72 billion
  4. Cars – $1.25 billion
  5. Electrical Transformers – $925 million

Top export destinations of Finland are Germany ($7.36 billion), Sweden ($6.08 billion), the United States ($4.15 billion), the Netherlands ($3.73 billion) and Russia ($3.23 billion).

Finland’s Top 5 Commodity Imports

CommodityAmount (Annually)
Crude Petroleum$3.79 billion
Refined Petroleum$2.19 billion
Copper Ore$516 million
Zinc Ore$396 million
Coffee$285 million

Finland’s Other Notable Imports

  1. Cars – $2.69 billion
  2. Packaged Medicaments – $1.68 billion
  3. Computers – $1.35 billion
  4. Telephones – $614 million
  5. Integrated Circuits – $543 million

More Information on Finland’s Imports/Exports

Refined Petroleum

Shipments of refined petroleum account for 7.5% of the country’s total annual exports and Finland has a 1% share of a global export market that is worth $412 billion each year.

Sweden is the most significant destination for Finland’s refined petroleum exports and receives 27% of its annual shipments, followed by the Netherlands (14%) and the United States (12%).

Large Flat-Rolled Stainless Steel

Annual exports totaling $2.12 billion of large flat-rolled stainless steel are worth 3.8% of Finland’s yearly export total.

Finland is the third largest exporter of large flat-rolled steel in the world with a 10% share of a global export market that is worth $20.8 billion annually, behind China (15%) and Belgium (14%).

The Netherlands receives 53% of Finland’s total annual exports of this commodity.

Plywood

The global export market for plywood is worth $14 billion annually and Finland is the fifth largest exporter with a 4.1% share of this market.

Finland exports $477 million of its $569 million annual total of plywood shipments to European destinations with Germany (23%) being the largest importer.

Raw Zinc

Annual exports of raw zinc account for 0.97% of the country’s total shipments and Finland is the eighth largest exporter with a 5.4% share of a global market that is worth $9.93 billion each year.

The Netherlands (49%) and Germany (29%) are key destinations for Finland’s raw zinc exports.

The largest known deposit of zinc in Finland is situated in Taivaljärvi.

Raw Nickel

The worldwide export market for raw nickel is worth $8.12 billion annually and Finland has a 4.7% share of this global market with exports of $382 million.

Finland ships its raw nickel exports to numerous destinations around the world, with the United States (22%) the Netherlands (16%), China (12%) and Germany (10%) being the main recipients.

Some Interesting Facts About Finland

  • There are 179,584 islands in and around Finland, which is more than any other country in the world.
  • There are more individual lakes in Finland (187,888) than in any other country in the world.
  • Finland is an egalitarian society and uses gender-neutral words in its language.
  • Business meetings in Finland can often include an informal discussion while taking a sauna.

All figures based on OEC/IMF 2016 calculations and projections unless otherwise stated.

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