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2022
Flag → Flag
Exports $690MRnk 55 / 211
2022
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Top Product $185MCars
2022
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Exports $1.98BRnk 14 / 207
2022
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Top Product $349MSawn Wood
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
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2022
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 GDP$281BCURRENT US$
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2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $33,815CURRENT US$
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2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Japan-Finland Trade: In 2022, Japan exported $690M to Finland. The main products that Japan exported to Finland were Cars ($185M), Rubber Tires ($21.8M), and Packaged Medicaments ($19.9M). Over the past 5 years the exports of Japan to Finland have increased at an annualized rate of 3.5%, from $581M in 2017 to $690M in 2022.

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

Finland-Japan Trade: In 2022, Finland exported $1.98B to Japan. The main products that Finland exported to Japan were Sawn Wood ($349M), Wood Carpentry ($295M), and Cobalt ($270M). Over the past 5 years the exports of Finland to Japan have increased at an annualized rate of 2.66%,  from $1.52B in 2017 to $1.98B in 2022.

In 2020, Finland exported services to Japan worth $768M, with Computer and information services ($473M), Other business services ($145M), and Transportation ($85.7M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥4.93B and imported ¥17.5B from Finland, resulting in a negative trade balance of ¥12.6B. Between August 2023 and August 2024 the exports of Japan have increased by ¥1.38B (39%) from ¥3.55B to ¥4.93B, while imports decreased by ¥-195M (-1.1%) from ¥17.7B to ¥17.5B.

Trade In August 2024, the top exports of Japan to Finland were Cars (¥2.16B), Machines and apparatus of a kind... (¥305M), Large Construction Vehicles (¥234M), Rubber Tires (¥207M), and Commodities not elsewhere specified (¥199M). In August 2024 the top imports of Japan from Finland were Cobalt (¥3.92B), Nickel Mattes (¥2.29B), Sawn Wood (¥1.92B), Wood Carpentry (¥1.52B), and Sulfates (¥1.11B).

Origins In August 2024 the exports of Japan were mainly from Aichi (¥1.77B), Chiba (¥808M), Osaka (¥807M), Tokyo (¥273M), and Hyōgo (¥232M), while imports destinations were mainly Osaka (¥3.36B), Tokyo (¥3.31B), Hyōgo (¥2.45B), Aichi (¥1.91B), and Kanagawa (¥1.47B).

Growth In August 2024, the increase in Japan's year-by-year exports to Finland was explained primarily by an increase in product exports in Cars (¥1.37B or 173%), Machines and apparatus of a kind... (¥187M or 158%), and Large Construction Vehicles (¥165M or 240%). In August 2024, the decrease in Japan's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in Sawn Wood (¥-4B or -67.6%), Wood Carpentry (¥-3.44B or -69.4%), and Sulfates (¥-1.72B or -60.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥1.38B(39%)
IMPORT GROWTH (August 2023 - August 2024)¥-195M(-1.1%)
MAIN EXPORTER (August 2024)Aichi¥1.77B

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

To check Finland and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $690M to Finland. The main products exported from Japan to Finland were Cars ($185M), Rubber Tires ($21.8M), and Packaged Medicaments ($19.9M). During the last 5 years the exports of Japan to Finland have increased at an annualized rate of 3.5%, from $581M in 2017 to $690M in 2022.

In 2017, Finland exported $1.98B to Japan. The main products exported from Finland to Japan were Sawn Wood ($349M), Wood Carpentry ($295M), and Cobalt ($270M). During the last 5 years the exports of Finland to Japan have increased at an annualized rate of 2.66%, from $1.52B in 2022 to $1.98B in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Japan than Finland included China ($135B), United States ($137B), and South Korea ($50.8B).

In 2022, countries that imported more from Finland than Japan included Sweden ($9.1B), Estonia ($3.58B), and Lithuania ($1.14B).

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

Comparative Advantage Japan - Finland

Flow
Scale

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

During 2022, Japan had a large net trade with Finland in the exports of Machines ($252M), Transportation ($216M), and Chemical Products ($65.3M).

During 2017, Finland had a large net trade with Japan in the exports of Wood Products ($655M), Metals ($507M), and Chemical Products ($282M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Finland+$102MCars
Top Product Potential Finland Japan+$46.1MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Finland exported services to Japan worth $768M, with Computer and information services ($473M), Other business services ($145M), and Transportation ($85.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Japan and Finland. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Japan.

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

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