Finland (FIN) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Finland-Angola Trade: In 2022, Finland exported $5.82M to Angola. The main products that Finland exported to Angola were Combustion Engines ($1.68M), Electric Motors ($616k), and Fork-Lifts ($381k). Over the past 5 years the exports of Finland to Angola have decreased at an annualized rate of 2.54%, from $6.62M in 2017 to $5.82M in 2022.

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

Angola-Finland Trade: In 2022, Angola exported $2.56k to Finland. The main products that Angola exported to Finland were Broadcasting Equipment ($532), Electrical Transformers ($504), and Surveying Equipment ($377). Over the past 5 years the exports of Angola to Finland have decreased at an annualized rate of 36.7%, from $25.3k in 2017 to $2.56k in 2022.

In 2022, Angola 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, Angola ranked 126 in the Economic Complexity Index (ECI -1.55), and 58 in total exports ($54.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $5.82M to Angola. The main products exported from Finland to Angola were Combustion Engines ($1.68M), Electric Motors ($616k), and Fork-Lifts ($381k). During the last 5 years the exports of Finland to Angola have decreased at an annualized rate of 2.54%, from $6.62M in 2017 to $5.82M in 2022.

In 2017, Angola exported $2.56k to Finland. The main products exported from Angola to Finland were Broadcasting Equipment ($532), Electrical Transformers ($504), and Surveying Equipment ($377). During the last 5 years the exports of Angola to Finland have decreased at an annualized rate of 36.7%, from $25.3k in 2022 to $2.56k in 2017.

Exports from Finland () to Angola () (2022)

Exports from Angola () to Finland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Angola
Top DestinationChina$21.8B

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

In 2022, countries that imported more from Finland than Angola included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Angola than Finland included China ($21.8B), India ($4.81B), and United Arab Emirates ($3.63B).

Difference in imports from Angola () and Finland () (2022)

Comparative Advantage Finland - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Angola in the exports of Machines ($4.35M), Paper Goods ($417k), and Textiles ($365k).

During 2017, Angola had a large net trade with Finland in the exports of Machines ($1.04k), Instruments ($728), and Metals ($413).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Angola+$400kTractors

Top Product Potential Angola Finland+$10.5kCrude Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Angola () (2022)

Exports from Angola () to Finland () (2022)

Market Competitiveness

Difference in imports from Angola () and Finland () (2022)

Comparative Advantage Finland - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Angola () (2022)

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