2022
Exports
$864MWorld Rnk 21 / 221
Flag Rnk 20 / 1205
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$711MWorld Rnk 25 / 224
Flag Rnk 19 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $864M in Excavation Machinery, making it the 21st largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 20th most exported product in Finland. The main destination of Excavation Machinery exports from Finland are: Netherlands ($158M), United States ($92.5M), Germany ($87.2M), Italy ($69.6M), and Sweden ($64.6M).

The fastest growing export markets for Excavation Machinery of Finland between 2021 and 2022 were Netherlands ($32.8M), United States ($15.3M), and Germany ($14.7M).

Imports In 2022, Finland imported $711M in Excavation Machinery, becoming the 25th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 19th most imported product in Finland. Finland imports Excavation Machinery primarily from: Estonia ($128M), Sweden ($88.7M), Germany ($88.6M), Poland ($60M), and Italy ($56.8M).

The fastest growing import markets in Excavation Machinery for Finland between 2021 and 2022 were Belgium ($21.4M), Poland ($12.7M), and China ($11M).

COMPANIES In 2023, leading companies such as Konecranes (47), UPM-Kymmene (1), and ABB Motors and Mechanical (1) were at the forefront of shipping Excavation Machinery from Finland to the United States.

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 Excavation Machinery. 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)$864M
IMPORTS (2022)$711M
NET TRADE (2022)$153M

In 2022, Finland exported $864M in Excavation Machinery. The main destinations of Finland exports on Excavation Machinery were Netherlands ($158M), United States ($92.5M), Germany ($87.2M), Italy ($69.6M), and Sweden ($64.6M).

In 2022, Finland imported $711M in Excavation Machinery, mainly from Estonia ($128M), Sweden ($88.7M), Germany ($88.6M), Poland ($60M), and Italy ($56.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Netherlands$32.8M (26.3%)
United States$15.3M (19.8%)
Germany$14.7M (20.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Finland WERE (2021 - 2022):
China-$38.8M (-59.2%)
Lithuania-$22.9M (-87.4%)
Russia-$15.1M (-66.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Excavation Machinery were:
In 2022, Finland's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.9M
TOP IMPORT POTENTIALChina+ $29.6M

Excavation Machinery’s highest export potential is United States. With an export gap of $47.9M.   Excavation Machinery’s highest import potential is China with an import gap of $29.6M.

See methodology.

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