United States (USA) and Finland (FIN) Trade

2022

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Exports $3.5BRnk 54 / 219

2022

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About

United States-Finland In 2022, United States exported $3.5B to Finland. The main products that United States exported to Finland are Crude Petroleum ($367M), Coal Briquettes ($314M), and Petroleum Gas ($304M). During the last 27 years the exports of United States to Finland have increased at an annualized rate of 2.54%, from $1.78B in 1995 to $3.5B in 2022.

In 2017, United States exported services to Finland worth $2.31B, with Other business services ($755M), Royalties and license fees ($482M), and Travel ($444M) being the largest in terms of value.

Finland-United States In 2022, Finland exported $9.17B to United States. The main products that Finland exported to United States were Refined Petroleum ($1.28B), Passenger and Cargo Ships ($1.04B), and Kaolin Coated Paper ($890M). During the last 27 years the exports of Finland to United States have increased at an annualized rate of 4.58%, from $2.74B in 1995 to $9.17B in 2022.

In 2020, Finland exported services to United States worth $4.86B, with Computer and information services ($3.39B), Royalties and license fees ($841M), and Other business services ($505M) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B).

COMPANIES In 2023, leading companies such as ABB MOTORS AND MECHANICAL INC (8.7k), UPM NAPERVILLE (5.77k), and KONECRANES (2.69k) were at the forefront of exporting goods from Finland to the United States. Conversely, UPM SALES OY (5.77k), ABB OY IEC LV MOTORS (2.58k), and AGCO POWER INC (1.87k) were notable for importing Finland products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $192M and imported $730M from Finland, resulting in a negative trade balance of $538M. Between January 2023 and January 2024 the exports of United States have decreased by $-20.2M (-9.54%) from $212M to $192M, while imports increased by $51.9M (7.66%) from $678M to $730M.

Trade In January 2024, the top exports of United States to Finland were Crude Petroleum ($63.4M), Aircraft Parts ($44.9M), Commodities not elsewhere specified ($11.7M), Acyclic Hydrocarbons ($5.68M), and Oscilloscopes ($4.86M). In January 2024 the top imports of United States from Finland were Refined Petroleum ($111M), Kaolin Coated Paper ($50.9M), Papermaking Machines ($42.8M), Special Pharmaceuticals ($32.8M), and Cars ($29.7M).

Origins In January 2024 the exports of United States were mainly from Texas ($70.7M), Alabama ($20.4M), Tennessee ($15.8M), California ($9.8M), and Wisconsin ($8.98M), while imports destinations were mainly Pennsylvania ($148M), Illinois ($73.8M), Maryland ($65.1M), Puerto Rico ($60.7M), and New Jersey ($55.5M).

Growth In January 2024, the decrease in United States's year-by-year exports to Finland was explained primarily by an decrease in product exports in Refined Petroleum ($-8.55M or -98.2%), Kaolin ($-3.17M or -70.1%), and Telephones ($-2.06M or -30.8%). In January 2024, the increase in United States's year-by-year imports from Finland was explained primarily by an increase in product imports in Refined Petroleum ($51.1M or 86%), Papermaking Machines ($33.2M or 345%), and Kaolin Coated Paper ($19M or 59.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-20.2M(-9.54%)

IMPORT GROWTH (January 2023 - January 2024)$51.9M(7.66%)

MAIN EXPORTER (January 2024)Texas$70.7M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Finland and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $3.5B to Finland. The main products exported from United States to Finland were Crude Petroleum ($367M), Coal Briquettes ($314M), and Petroleum Gas ($304M). During the last 27 years the exports of United States to Finland have increased at an annualized rate of 2.54%, from $1.78B in 1995 to $3.5B in 2022.

In 2022, Finland exported $9.17B to United States. The main products exported from Finland to United States were Refined Petroleum ($1.28B), Passenger and Cargo Ships ($1.04B), and Kaolin Coated Paper ($890M). During the last 27 years the exports of Finland to United States have increased at an annualized rate of 4.58%, from $2.74B in 1995 to $9.17B in 2022.

Exports from United States () to Finland () (2022)

Exports from Finland () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Finland
Top DestinationGermany$9.99B

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

In 2021, countries that imported more from United States than Finland were Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Finland () and United States () (2022)

Comparative Advantage United States - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Finland in the exports of Mineral Products ($1.26B), Chemical Products ($636M), and Machines ($626M).

During 2022, Finland had a large net trade with United States in the exports of Machines ($1.66B), Transportation ($1.37B), and Paper Goods ($1.34B).

Service Trade

Bilateral Service Trade

Fin Year

Usa Year

In 2017, United States exported services to Finland worth $2.31B, with Other business services ($755M), Royalties and license fees ($482M), and Travel ($444M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Finland () (2017)

Services Exports from Finland () to United States () (2020)

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Finland () (2022)

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