2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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About

Finland-Italy In 2022, Finland exported $2.65B to Italy. The main products that Finland exported to Italy are Large Flat-Rolled Stainless Steel ($394M), Refined Copper ($157M), and Kaolin Coated Paper ($135M). During the last 27 years the exports of Finland to Italy have increased at an annualized rate of 2.91%, from $1.22B in 1995 to $2.65B in 2022.

In 2020, Finland exported services to Italy worth $428M, with Computer and information services ($250M), Other business services ($76.5M), and Transportation ($46.8M) being the largest in terms of value.

Italy-Finland In 2022, Italy exported $2.41B to Finland. The main products that Italy exported to Finland were Motor vehicles; parts and accessories (8701 to 8705) ($111M), Packaged Medicaments ($91.1M), and Valves ($65.3M). During the last 27 years the exports of Italy to Finland have increased at an annualized rate of 2.96%, from $1.1B in 1995 to $2.41B in 2022.

In 2020, Italy exported services to Finland worth $503M, with Other business services ($403M), Travel ($49.2M), and Transportation ($13.7M) being the largest in terms of value.

Comparison In 2022,  Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $2.65B to Italy. The main products exported from Finland to Italy were Large Flat-Rolled Stainless Steel ($394M), Refined Copper ($157M), and Kaolin Coated Paper ($135M). During the last 27 years the exports of Finland to Italy have increased at an annualized rate of 2.91%, from $1.22B in 1995 to $2.65B in 2022.

In 2022, Italy exported $2.41B to Finland. The main products exported from Italy to Finland were Motor vehicles; parts and accessories (8701 to 8705) ($111M), Packaged Medicaments ($91.1M), and Valves ($65.3M). During the last 27 years the exports of Italy to Finland have increased at an annualized rate of 2.96%, from $1.1B in 1995 to $2.41B in 2022.

Exports from Finland (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Italy (Flag)

Finland Exports

Italy Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Italy
Top Destination
Germany$78.5B

This map shows whether countries import more from Finland or Italy. Each country is colored based on the difference in imports they receive from Finland and Italy or the difference in the growth in imports.

In 2021, countries that imported more from Finland than Italy were Estonia ($3.58B), Sweden ($9.1B), and Latvia ($903M).

In 2021, countries that imported more from Italy than Finland were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

Difference in imports from Italy (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Italy

Flow
Scale

This chart compares trade between Finland and Italy by product, considering products traded by both, Finland and Italy.

During 2022, Finland had a large net trade with Italy in the exports of Metals ($857M), Machines ($655M), and Paper Goods ($546M).

During 2022, Italy had a large net trade with Finland in the exports of Machines ($873M), Metals ($323M), and Transportation ($201M).

Service Trade

Bilateral Service Trade

In 2020, Finland exported services to Italy worth $428M, with Computer and information services ($250M), Other business services ($76.5M), and Transportation ($46.8M) being the largest in terms of value.

In 2020, Italy exported services to Finland worth $503M, with Other business services ($403M), Travel ($49.2M), and Transportation ($13.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Italy (Flag) (2020)

Services Exports from Italy (Flag) to Finland (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Finland.

Product Space of Finland (Flag) and Italy (Flag) (2022)

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