2022
Exports
$134MWorld Rnk 37 / 216
Flag Rnk 124 / 1205
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.33Rnk 86 / 1025
2022
Imports
$157MWorld Rnk 51 / 224
Flag Rnk 121 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $134M in Other Electrical Machinery, making it the 37th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 124th most exported product in Finland. The main destination of Other Electrical Machinery exports from Finland are: United States ($17.5M), Norway ($15.5M), Germany ($13.7M), Poland ($9.38M), and Malaysia ($8.68M).

The fastest growing export markets for Other Electrical Machinery of Finland between 2021 and 2022 were Germany ($6.82M), Spain ($5.87M), and Malaysia ($3.12M).

Imports In 2022, Finland imported $157M in Other Electrical Machinery, becoming the 51st largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 121st most imported product in Finland. Finland imports Other Electrical Machinery primarily from: Germany ($33.8M), China ($27.6M), Sweden ($15M), United States ($11.9M), and Netherlands ($9.7M).

The fastest growing import markets in Other Electrical Machinery for Finland between 2021 and 2022 were United States ($7.16M), Czechia ($1.98M), and Georgia ($1.65M).

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 Other Electrical 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)$134M
IMPORTS (2022)$157M
NET TRADE (2022)-$23M

In 2022, Finland exported $134M in Other Electrical Machinery. The main destinations of Finland exports on Other Electrical Machinery were United States ($17.5M), Norway ($15.5M), Germany ($13.7M), Poland ($9.38M), and Malaysia ($8.68M).

In 2022, Finland imported $157M in Other Electrical Machinery, mainly from Germany ($33.8M), China ($27.6M), Sweden ($15M), United States ($11.9M), and Netherlands ($9.7M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Germany$6.82M (99.8%)
Spain$5.87M (239%)
Malaysia$3.12M (56.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Finland WERE (2021 - 2022):
Russia-$18.9M (-97.8%)
Norway-$6.45M (-29.4%)
China-$6.2M (-58.3%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $14M
TOP IMPORT POTENTIALChina+ $12.6M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $14M.   Other Electrical Machinery’s highest import potential is China with an import gap of $12.6M.

See methodology.

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