2022
Exports
$456MWorld Rnk 35 / 225
Flag Rnk 45 / 1205
2022
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment
0.56Rnk 342 / 1025
2022
Imports
$411MWorld Rnk 43 / 226
Flag Rnk 41 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $456M in Low-voltage Protection Equipment, making it the 35th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 45th most exported product in Finland. The main destination of Low-voltage Protection Equipment exports from Finland are: Sweden ($36.1M), Estonia ($34.1M), United States ($30.5M), Germany ($26.9M), and Italy ($24.8M).

The fastest growing export markets for Low-voltage Protection Equipment of Finland between 2021 and 2022 were Sweden ($12.6M), Kazakhstan ($6.86M), and Estonia ($4.94M).

Imports In 2022, Finland imported $411M in Low-voltage Protection Equipment, becoming the 43rd largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 41st most imported product in Finland. Finland imports Low-voltage Protection Equipment primarily from: Germany ($133M), China ($48.8M), Sweden ($46.5M), Italy ($22M), and France ($17.4M).

The fastest growing import markets in Low-voltage Protection Equipment for Finland between 2021 and 2022 were United States ($4.04M), Costa Rica ($2.86M), and China ($2.44M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (19) were at the forefront of shipping Low-voltage Protection Equipment 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 Low-voltage Protection Equipment. 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)$456M
IMPORTS (2022)$411M
NET TRADE (2022)$44.7M

In 2022, Finland exported $456M in Low-voltage Protection Equipment. The main destinations of Finland exports on Low-voltage Protection Equipment were Sweden ($36.1M), Estonia ($34.1M), United States ($30.5M), Germany ($26.9M), and Italy ($24.8M).

In 2022, Finland imported $411M in Low-voltage Protection Equipment, mainly from Germany ($133M), China ($48.8M), Sweden ($46.5M), Italy ($22M), and France ($17.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Sweden$12.6M (53.7%)
Kazakhstan$6.86M (2.31k%)
Estonia$4.94M (16.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Finland WERE (2021 - 2022):
Russia-$18.4M (-74.2%)
United States-$13.1M (-30%)
Netherlands-$5.05M (-22.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Low-voltage Protection Equipment were:
In 2022, Finland's main importing competitors in Low-voltage Protection Equipment were:

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Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.3M
TOP IMPORT POTENTIALChina+ $32.6M

Low-voltage Protection Equipment’s highest export potential is United States. With an export gap of $26.3M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $32.6M.

See methodology.

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