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
$12.6BCURRENT US$
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2012-2022
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GDP GROWTH
-3.33%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
$4,911CURRENT US$
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2012-2022
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GDP PC GROWTH
-18.4%CURRENT US$
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About

Finland-Namibia In 2022, Finland exported $62.9M to Namibia. The main products that Finland exported to Namibia are Delivery Trucks ($22.6M), Large Construction Vehicles ($19.9M), and Other Construction Vehicles ($11.4M). During the last 22 years the exports of Finland to Namibia have increased at an annualized rate of 18.9%, from $1.4M in 2000 to $62.9M in 2022.

In 2022, Finland did not export any services to Namibia.

Namibia-Finland In 2022, Namibia exported $109M to Finland. The main products that Namibia exported to Finland were Cobalt Oxides and Hydroxides ($108M), Grapes ($795k), and Marble, Travertine and Alabaster ($134k). During the last 22 years the exports of Namibia to Finland have increased at an annualized rate of 52.3%, from $10.4k in 2000 to $109M in 2022.

In 2022, Namibia did not export any services to Finland.

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $62.9M to Namibia. The main products exported from Finland to Namibia were Delivery Trucks ($22.6M), Large Construction Vehicles ($19.9M), and Other Construction Vehicles ($11.4M). During the last 22 years the exports of Finland to Namibia have increased at an annualized rate of 18.9%, from $1.4M in 2000 to $62.9M in 2022.

In 2022, Namibia exported $109M to Finland. The main products exported from Namibia to Finland were Cobalt Oxides and Hydroxides ($108M), Grapes ($795k), and Marble, Travertine and Alabaster ($134k). During the last 22 years the exports of Namibia to Finland have increased at an annualized rate of 52.3%, from $10.4k in 2000 to $109M in 2022.

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

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

Latest Data

Trade between Finland (Flag) and Namibia (Flag)

Finland Exports

Namibia Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Namibia
Top Destination
South Africa$1.75B

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

In 2021, countries that imported more from Finland than Namibia were Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2021, countries that imported more from Namibia than Finland were South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

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

Comparative Advantage Finland - Namibia

Flow
Scale

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

During 2022, Finland had a large net trade with Namibia in the exports of Machines ($33.6M), Transportation ($24.2M), and Plastics and Rubbers ($1.68M).

During 2022, Namibia had a large net trade with Finland in the exports of Chemical Products ($108M), Vegetable Products ($795k), and Mineral Products ($138k).

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 Namibia. Similarly, the more yellow a dot/product is, the more Namibia has comparative advantage over Finland.

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

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