Finland Trade, Finland Exports, Finland Imports

 

 

With its large free open market and well industrialized sector, Finland is a well developed trading economy with a large part contributed by its manufacturing units. Finnish trade accounts for over one-third of its GDP. The nation’s trade is dominated by high tech products, such as mobile phones. However, as is the case with the manufacturing economy, Finland imports high amounts of raw materials and components for its manufactured goods.[br]

 

Finland Trade: Exports and Imports

According to the 2009 estimates, Finland’s exports were recorded at $57.88 billion. The figures, however, experienced shrinkage from the earlier figure of $96.62 billion (2008) and the economy was able to sustain itself through the recession. The country ranked 40^th in the world, in terms of export volumes.

Finland’s main exports commodities are:

• Electrical and optical equipment

• Machinery

• Transport equipment

• Paper and pulp

• Chemicals

• Basic metals

• Timber

 

Electronics dominated the exports, accounting for almost 23.3% of the total export volume, followed by chemical industry products at 15.9%, and machinery and equipments at 14.3% (2008 data).

The major Finland export partners are:

• Russia

• Sweden

• Germany

• US

• UK

• The Netherlands

The graph below shows how the different countries contributed to the total export volume:

 

 

Finland imports took a beating as well. The figure dropped from $90.94 million in 2008 to $54.1 billion in 2009. The country ranked 43^rd in the world in terms of import volumes.[br]

The major imported commodities were:

• Foodstuffs

• Petroleum and petroleum products

• Chemicals

• Transport equipment

• Iron and steel

• Machinery

• Textile yarn

• Fabrics

• Grains

 

In terms of imports, electric and electronic products dominated at 17%, followed by chemical products at 16.8%.

 

Finland import partners include:

• Russia

• Germany

• Sweden

• The Netherlands

• China

• The UK

 

The graph shows how the different countries contributed to Finland’s imports:

 

 

Electronics play a big role in Finland’s trade and contribute to both the exports and the imports of the country.