Finland Import Data in 2023 - Tendata

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ten data blog20-05-2024

Based on Finland import data, in 2023, Finland imported $82.7 billion worth of products from all over the world. Compared to $97.4 billion in 2022, Finland's imports are down -15% year-on-year.

Top Selling Countries for Finnish Imports

The latest Finnish import data shows that 75% of Finnish imports are supplied by exporters from Sweden (16.9%), Germany (14.9%), the Netherlands (8.2%), Norway (7.6%), Mainland China (4.2%), Estonia (3.8%), Belgium (3.7%), the United States (3.6%), Denmark (3.4%), Poland (3.2%) The import data for Finland show that, from a continental perspective, there is no significant increase in the number of imports from Finland.

Finland import Data shows that, from a continental perspective, 82.8% of Finland's total imports in 2023 are purchased from other European countries. Finnish imports from other EU Member States account for 70.3% of Finland's total imports. Trading partners in Asia fulfill another 10% of Finland's import purchases, of which 4.6% come from North America. Smaller percentages came from Latin America (1.6%), Oceania (0.5%) and then Africa (0.4%).

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Finland's Top 10 Imports

Based on Finland import data, 2-digit HTS codes, Finland's top 10 imports accounted for about two-thirds (67.1%) of the total value of products it purchased from other countries:

1. Mineral fuels including oil: $12.2 billion (14.7%)

2. Machinery, including computers: $10.3 billion (12.5%)

3. Electrical machinery, equipment: $9.4 billion (11.4%)

4. Vehicles: $7.9 billion (9.6%)

5. Iron and steel: $3 billion (3.6%)

6. Ores, slag, ash: $2.7 billion (3.2%)

7. Plastics, plastic products: $2.6 billion (3.2%)

8. Pharmaceuticals: $2.6 billion (3.1%)

9. Optical, technical, medical equipment: $2.5 billion (3%)

10. Iron and steel products: $2.3 billion (2.8%)

The fastest-growing category for vehicle imports from 2022 to 2023 (up 6.9% from 2022). In second place are Finnish imports of optical, technical and medical equipment (up 2.4%), ahead of imports of pharmaceuticals (up 0.1%). Finland's worst declines in fossil fuel imports include petroleum (down -37.1% from 2022) and iron and steel metal (down -29.8%).

Looking at the four-digit HTS codes, according to Finland import data, Finland spends the most on imports of crude oil (7.7%), automobiles (5.4%), processed petroleum (4%), pharmaceutical mixtures (2.2%), equipment for telephones including smartphones (2%), computers including optical readers (1.8%), automotive parts or accessories (1.6%), nickel (1.5%) , electronic integrated circuits or microassemblies (1.5%), and petroleum gas (1.4%) .

According to Finnish import data provided by Tendatat, the 10 most imported products in Finland are:

1.HS Code:7401000000(6.12%, $0.46 Billion):Copper mattes; cement copper "precipitated copper" detailed label not available)

2.HS Code:85022001(2.11%, $0.16 Billion):Generating sets with spark ignition piston motor: with nominal generation capacity greater than 2,000 kva.

3.HS Code:470321000000(1.95%, $0.15 Billion)

4.HS Code:843920000000(1.73%, $0.13 Billion)

5.HS Code:48109201(1.35%, $0.1 Billion):Multi-ply paper and cardboard, coated on one or both sides with kaolin or other inorganic substances, in rolls or in square or rectangular sheets, of any size (excl. for writing, printing or other graphic purposes, as well as the p: multilayered.

6.HS Code:84068100(1.26%, $0.1 Billion):Steam and other vapour turbines, of an output > 40 MW (excluding those for marine propulsion)

7.HS Code:84392000(1.16%, $0.09 Billion):Machinery for making paper or paperboard (excluding dryers and other heating appliances, calenders and machinery for making pulp)

8.HS Code:8901901000(1.07%, $0.08 Billion):Sea-going vessels for the transport of goods and seagoing vessels for the transport of both persons and goods (excl. refrigerated vessels, tankers, ferry-boats and vessels principally designed for the transport of persons)

9.HS Code:854460100000(1.04%, $0.08 Billion):Electric conductors, for a voltage > 1.000 V, insulated, n.e.s.: Papr insltd cndctrs fr vltge >1000 v

10.HS Code:720449900019(0.92%, $0.07 Billion):Waste and scrap of iron or steel, not fragmented "shredded", not in bundles (excl. slag, scale and other waste of the production of iron and steel; radioactive waste and scrap; fragments of pigs, blocks or other primary forms of pig iron or spiegeleise

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