Top 10 Export Products from Finland - Finnish Export Data | Tendata

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ten data blog28-04-2024

In 2023, according to finnish export data, Finland exported products worth $82.4 billion worldwide. This represents a decrease of -4.4% compared to $86.2 billion in 2022.

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Top 10 Export Products from Finland Export Data

According to Finland's export data, the top 10 export items from Finland account for 69.1% of Finland's total exports:

1. Machinery including computers: $11.8 billion (14.4%)

2. Mineral fuels including oil: $8.1 billion (9.8%)

3. Electrical machinery and equipment: $7.7 billion (9.4%)

4. Paper and paper products: $6.8 billion (8.2%)

5. Iron and steel: $5.8 billion (7%)

6. Vehicles: $4.3 billion (5.2%)

7. Optical, technical, and medical equipment: $3.7 billion (4.4%)

8. Wood: $3.2 billion (3.9%)

9. Wood pulp: $3 billion (3.6%)

10. Ships: $2.6 billion (3.2%)

Ships are the fastest-growing category among the top 10 export categories, growing by 47.3% from 2021 to 2022. The second-highest improvement in export sales is seen in machinery including computers, increasing by 14.5%. Finland's electrical machinery and equipment rank third in terms of shipment volume, growing by 6.6%. The largest decline among Finland's top 10 export categories is seen in wood, with a year-on-year decrease of -24.2%.

The latest Finnish export data for 2023 shows that at a more detailed four-digit HS code level, Finland's most valuable export product is refined petroleum (7.7%), followed by coated paper (4.2%), then Finnish exports of flat-rolled stainless steel products (3.9%), insoluble chemical wood pulp (3.4%), cruise or cargo ships and barges (2.7%), sawn wood (2.4%), electrical converters and power units (2.2%), dosage mixtures (1.8%), electronic medical equipment such as X-ray machines (1.7%), and finally automobiles (1.6%).

According to Tendata's Finnish export data, the top ten specific products exported from Finland in 2023 are:

1.HS Code:8905200000(28.61%, $51.71 Million):Floating or submersible drilling or production platforms

2.HS Code:470321000000(9.32%, $16.85 Million):Semi-bleached or bleached coniferous chemical wood pulp, soda or sulphate (excluding dissolving grades)

3.HS Code:850220809000(3.53%, $6.37 Million):Generating sets with spark-ignition internal combustion piston engine, of an output > 750 kva

4.HS Code:73089099(3.11%, $5.62 Million):Structured construction iron: the rest.

5.HS Code:8901101009(2.97%, $5.37 Million):Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds: Ships

6.HS Code:8429510000(2.65%, $4.78 Million):Self-propelled front-end shovel loaders

7.HS Code:84399900(2.39%, $4.32 Million)

8.HS Code:850440959019(2.24%, $4.04 Million):STATIC CONVERTERS, NESOI

9.HS Code:840790900000(1.86%, $3.36 Million):Spark-ignition reciprocating or rotary internal combustion piston engine (excluding those for aircraft or marine propulsion and reciprocating piston engine of a kind used for vehicles of chapter 87): Others

10.HS Code:843041000000(1.77%, $3.2 Million):Self-propelled boring or sinking machinery for boring earth or extracting minerals or ores (excl. those mounted on railway or tramway wagons, motor vehicle chassis or lorries and tunnelling machinery) + detailed label not available +

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Top Spending Countries on Finnish Exports

The latest finnish export data shows that 66.8% of Finland's exported products are purchased by importers from the following countries: the United States (11%), Sweden (10.5%), Germany (10.4%), the Netherlands (8%), Mainland China (4.5%), Estonia (3.6%), the United Kingdom (3.39%), Poland (3.37%), France (3.29%), Belgium (3.03%), Norway (2.95%), and Italy (2.8%).

Exports to other EU member states account for 62.3% of Finland's total exports. From a continental perspective, 66.1% of Finland's exports go to other European countries, while 15.1% go to Asian importers. Finland also exports an additional 13.4% of goods to North America. Buyers in Africa (2.2%), Latin America (2%), and Oceania (1.2%) account for a smaller proportion.

Tendata iTrader aggregates trade data from 218 countries and detailed information on over 130 million import-export enterprises worldwide.

With a daily provision of 10 billion trade records, Tendata swiftly offers contact details of over 700 million top-level executives and decision-makers of import-export enterprises through intelligent filtering, including email addresses, phone numbers, social media profiles, and more. Additionally, we synchronize company profiles, product images, and website links, while providing 19 types of visual reports to assist foreign trade enterprises in precise market positioning and in-depth market analysis, helping you quickly locate the precise purchasers and suppliers you need.

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