• Analysis and Studies
• Finland: a look at the market (1)

Finland is a Nordic country in Northern Europe and It borders Norway, Russia, and Sweden by land and Estonia by sea. Finland remained a largely agricultural country until the 1950s. After World War II, it industrialised quickly and established an advanced economy, with a welfare state built on the Nordic model. This allowed the country to experience overall prosperity and high per capita income. During the Cold War, Finland officially embraced a policy of neutrality. Since then, it has become a member of the European Union in 1995, the Eurozone in 1999, and NATO in 2023. Finland is a member of various international organizations, such as the United Nations, the Nordic Council, the Schengen Area, the Council of Europe, the World Trade Organization, and the Organization for Economic Co-operation and Development (OECD). The nation performs exceedingly well in national performance metrics, including education, economic competitiveness, civil liberties, quality of life, and human development.

In 2021, Finland was the number 45 economy in the world in terms of GDP (current US$), the number 43 in total exports, the number 46 in total imports, the number 22 economy in terms of GDP per capita (current US$) and the number 13 most complex economy according to the Economic Complexity Index (ECI).

EXPORTS

The top exports of Finland are Refined Petroleum ($4.48B), Kaolin Coated Paper ($4.25B), Cars ($3.46B), Sawn Wood ($3.16B), and Large Flat-Rolled Stainless Steel ($3.14B), exporting mostly to Germany ($10.4B), Sweden ($7.85B), United States ($6.27B), Netherlands ($5.21B), and China ($4.84B).

In 2021, Finland was the world's biggest exporter of Kaolin Coated Paper ($4.25B), Papermaking Machines ($1.08B), Precipitated Copper ($563M), and Vegetable Parchment ($403M)

IMPORTS

The top imports of Finland are Crude Petroleum ($3.84B), Cars ($3.53B), Refined Petroleum ($2.96B), Motor vehicles; parts and accessories (8701 to 8705) ($1.87B), and Broadcasting Equipment ($1.79B), importing mostly from Germany ($13.4B), Sweden ($11.9B), Russia ($8.93B), China ($5.79B), and Netherlands ($5.53B).

In 2021, Finland was the world's biggest importer of Tall Oil ($78.7M)

FASTEST GROWING EXPORT MARKETS (2020 - 2021)

Italy                $1.82B (+ 108%)

Germany       $1.61B (+ 18.2%)

Sweden         $1.33B (+ 20.4%)

FASTEST GROWING IMPORT MARKETS (2020 - 2021)

Sweden     $2.43B (+ 25.5%)

Germany   $2.34B (+ 21.2%)

Russia        $2.12B (+ 31.1%)

Fonti: 

 https://oec.world/en 

https://data.worldbank.org/

https://www.trademap.org/