2022
Exports
$373MWorld Rnk 33 / 151
Flag Rnk 56 / 1205
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$205MWorld Rnk 59 / 214
Flag Rnk 89 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $373M in Hot-Rolled Iron, making it the 33rd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 56th most exported product in Finland. The main destination of Hot-Rolled Iron exports from Finland are: Sweden ($97M), Poland ($51.3M), Italy ($43.8M), Denmark ($39.4M), and Norway ($28.9M).

The fastest growing export markets for Hot-Rolled Iron of Finland between 2021 and 2022 were Sweden ($18.4M), Poland ($14.8M), and Netherlands ($4.07M).

Imports In 2022, Finland imported $205M in Hot-Rolled Iron, becoming the 59th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 89th most imported product in Finland. Finland imports Hot-Rolled Iron primarily from: Germany ($68M), Denmark ($54.5M), Luxembourg ($13.1M), Netherlands ($11.6M), and Sweden ($11.4M).

The fastest growing import markets in Hot-Rolled Iron for Finland between 2021 and 2022 were Germany ($29.7M), Denmark ($19.2M), and Luxembourg ($7.95M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hot-Rolled Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$373M
IMPORTS (2022)$205M
NET TRADE (2022)$168M

In 2022, Finland exported $373M in Hot-Rolled Iron. The main destinations of Finland exports on Hot-Rolled Iron were Sweden ($97M), Poland ($51.3M), Italy ($43.8M), Denmark ($39.4M), and Norway ($28.9M).

In 2022, Finland imported $205M in Hot-Rolled Iron, mainly from Germany ($68M), Denmark ($54.5M), Luxembourg ($13.1M), Netherlands ($11.6M), and Sweden ($11.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Sweden$18.4M (23.5%)
Poland$14.8M (40.6%)
Netherlands$4.07M (35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Finland WERE (2021 - 2022):
Estonia-$7.25M (-34.7%)
Spain-$5.53M (-57%)
Portugal-$2.86M (-88.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Finland's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $12.4M
TOP IMPORT POTENTIALRussia+ $6.59M

Hot-Rolled Iron’s highest export potential is Italy. With an export gap of $12.4M.   Hot-Rolled Iron’s highest import potential is Russia with an import gap of $6.59M.

See methodology.

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