2022
Flag  
GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
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 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC 
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186
2022
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GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Saudi Arabia-Finland Trade: In 2022, Saudi Arabia exported $29.8M to Finland. The main products that Saudi Arabia exported to Finland were Ethylene Polymers ($25M), Propylene Polymers ($1.79M), and Unsaturated Acyclic Monocarboxylic Acids ($1.3M). Over the past 5 years the exports of Saudi Arabia to Finland have decreased at an annualized rate of 15.3%, from $68.4M in 2017 to $29.8M in 2022.

In 2022, Saudi Arabia did not export any services to Finland.

Finland-Saudi Arabia Trade: In 2022, Finland exported $313M to Saudi Arabia. The main products that Finland exported to Saudi Arabia were Sawn Wood ($120M), Kaolin Coated Paper ($20.6M), and Cellulose Fibers Paper ($13M). Over the past 5 years the exports of Finland to Saudi Arabia have decreased at an annualized rate of 10.9%,  from $558M in 2017 to $313M in 2022.

In 2022, Finland did not export any services to Saudi Arabia.

Comparison: In 2022,  Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Saudi Arabia exported $29.8M to Finland. The main products exported from Saudi Arabia to Finland were Ethylene Polymers ($25M), Propylene Polymers ($1.79M), and Unsaturated Acyclic Monocarboxylic Acids ($1.3M). During the last 5 years the exports of Saudi Arabia to Finland have decreased at an annualized rate of 15.3%, from $68.4M in 2017 to $29.8M in 2022.

In 2017, Finland exported $313M to Saudi Arabia. The main products exported from Finland to Saudi Arabia were Sawn Wood ($120M), Kaolin Coated Paper ($20.6M), and Cellulose Fibers Paper ($13M). During the last 5 years the exports of Finland to Saudi Arabia have decreased at an annualized rate of 10.9%, from $558M in 2022 to $313M in 2017.

Exports from Saudi Arabia (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Saudi Arabia (Flag) (2022)

Latest Data

Trade between Saudi Arabia (Flag) and Finland (Flag)

Saudi Arabia Exports

Finland Exports

Market Competitiveness

Color
Saudi Arabia
Top Destination
China$68B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Saudi Arabia than Finland included China ($68B), India ($46.2B), and South Korea ($36B).

In 2022, countries that imported more from Finland than Saudi Arabia included Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

Difference in imports from Finland (Flag) and Saudi Arabia (Flag) (2022)

Comparative Advantage Saudi Arabia - Finland

Flow
Scale

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

During 2022, Saudi Arabia had a large net trade with Finland in the exports of Plastics and Rubbers ($27.6M), Chemical Products ($1.63M), and Machines ($218k).

During 2017, Finland had a large net trade with Saudi Arabia in the exports of Wood Products ($120M), Machines ($90.3M), and Paper Goods ($53.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Finland+$10MEthylene Polymers
Top Product Potential Finland Saudi Arabia+$11.4MTelephones

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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Economic Complexity

Competitive Landscape

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

Product Space of Saudi Arabia (Flag) and Finland (Flag) (2022)

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