2022
Exports
$470MWorld Rnk 50 / 222
Flag Rnk 44 / 1205
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$700MWorld Rnk 40 / 225
Flag Rnk 22 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $470M in Insulated Wire, making it the 50th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 44th most exported product in Finland. The main destination of Insulated Wire exports from Finland are: Sweden ($88.2M), United States ($84.2M), Germany ($54.1M), Denmark ($38.9M), and Netherlands ($33.3M).

The fastest growing export markets for Insulated Wire of Finland between 2021 and 2022 were United States ($66.8M), Germany ($31.2M), and Sweden ($13.2M).

Imports In 2022, Finland imported $700M in Insulated Wire, becoming the 40th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 22nd most imported product in Finland. Finland imports Insulated Wire primarily from: Germany ($131M), Sweden ($121M), China ($68.1M), Estonia ($63.6M), and Italy ($32M).

The fastest growing import markets in Insulated Wire for Finland between 2021 and 2022 were Sweden ($14.3M), China ($13.5M), and Russia ($10.3M).

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 Insulated Wire. 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)$470M
IMPORTS (2022)$700M
NET TRADE (2022)-$229M

In 2022, Finland exported $470M in Insulated Wire. The main destinations of Finland exports on Insulated Wire were Sweden ($88.2M), United States ($84.2M), Germany ($54.1M), Denmark ($38.9M), and Netherlands ($33.3M).

In 2022, Finland imported $700M in Insulated Wire, mainly from Germany ($131M), Sweden ($121M), China ($68.1M), Estonia ($63.6M), and Italy ($32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Finland WERE (2021 - 2022):
United States$66.8M (382%)
Germany$31.2M (136%)
Sweden$13.2M (17.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Finland WERE (2021 - 2022):
United Kingdom-$35M (-92.3%)
Russia-$11.3M (-61.4%)
Netherlands-$9.36M (-21.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Insulated Wire were:
In 2022, Finland's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.4M
TOP IMPORT POTENTIALChina+ $42.1M

Insulated Wire’s highest export potential is United States. With an export gap of $40.4M.   Insulated Wire’s highest import potential is China with an import gap of $42.1M.

See methodology.

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