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2022
Flag → Flag
Exports $797MRnk 66 / 219
2022
Flag → Flag
Top Product $99.1MOther Engines
2022
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Exports $1.29BRnk 19 / 207
2022
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Top Product $183MSulfate Chemical Woodpulp
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 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

Turkey-Finland Trade: In 2022, Turkey exported $797M to Finland. The main products that Turkey exported to Finland were Other Engines ($99.1M), Iron Structures ($77.1M), and Cars ($30.7M). Over the past 5 years the exports of Turkey to Finland have increased at an annualized rate of 16.2%, from $376M in 2017 to $797M in 2022.

In 2009, Turkey exported services to Finland worth $0, with being the largest in terms of value.

Finland-Turkey Trade: In 2022, Finland exported $1.29B to Turkey. The main products that Finland exported to Turkey were Sulfate Chemical Woodpulp ($183M), Kaolin Coated Paper ($164M), and Scrap Iron ($112M). Over the past 5 years the exports of Finland to Turkey have increased at an annualized rate of 6.28%,  from $949M in 2017 to $1.29B in 2022.

In 2020, Finland exported services to Turkey worth $175M, with Computer and information services ($146M), Other business services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $797M to Finland. The main products exported from Turkey to Finland were Other Engines ($99.1M), Iron Structures ($77.1M), and Cars ($30.7M). During the last 5 years the exports of Turkey to Finland have increased at an annualized rate of 16.2%, from $376M in 2017 to $797M in 2022.

In 2017, Finland exported $1.29B to Turkey. The main products exported from Finland to Turkey were Sulfate Chemical Woodpulp ($183M), Kaolin Coated Paper ($164M), and Scrap Iron ($112M). During the last 5 years the exports of Finland to Turkey have increased at an annualized rate of 6.28%, from $949M in 2022 to $1.29B in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Finland (Flag)

Turkey Exports

Finland Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Turkey than Finland included Iraq ($13.7B), Germany ($21.9B), and United Kingdom ($13.7B).

In 2022, countries that imported more from Finland than Turkey included Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

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

Comparative Advantage Turkey - Finland

Flow
Scale

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

During 2022, Turkey had a large net trade with Finland in the exports of Machines ($245M), Metals ($218M), and Transportation ($90M).

During 2017, Finland had a large net trade with Turkey in the exports of Paper Goods ($461M), Machines ($296M), and Metals ($244M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Finland+$27.8MCars
Top Product Potential Finland Turkey+$27.6MRefined 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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Bilateral Service Trade

Tur Year

In 2009, Turkey exported services to Finland worth $0, with being the largest in terms of value.

In 2020, Finland exported services to Turkey worth $175M, with Computer and information services ($146M), Other business services ($17.1M), and Transportation ($8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Turkey (Flag) to Finland (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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