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.

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 +

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.

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