Finland-China Bilateral Trade Analysis 2023
Complete trade statistics: $11.27B total volume •Finland deficit: $2.06B
Finland → China
$4.60B
Exports (2023)
China → Finland
$6.66B
Imports (2023)
Trade Balance
$2.06B
Deficit for Finland
Total Trade
$11.27B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Finland and China. Green line shows exports from Finland, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Finland-China commercial relationship and competitive positioning in global markets.
Finland → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Finland's export portfolio to China demonstrates strong diversification across multiple sectors, with wood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous wood representing a key competitive advantage in this bilateral market.
China → Finland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Finland's import pattern from China reveals strategic sourcingin electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Finland demonstrates competitive strength in exportingwood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous wood to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $11.27B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Finland-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $11.27 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Finland maintains a deficit of $2.06 billion
- Export Focus: Finland's primary exports include wood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous wood, nickel: oxide sinters and other intermediate products of nickel metallurgy, sulphates: of nickel
- Import Dependencies: Key imports from China include electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display, telephones for cellular networks or for other wireless networks
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $11.27B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Finland leveraging its comparative advantages in wood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous wood.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Finland's specialization in wood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous woodcomplements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $11.27B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $11.27B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $11.27 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in wood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous wood and electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Finland's trade deficit of $2.06 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Finland and China represents a total trade volume of $11.27 billion in 2023. This partnership demonstrates an unfavorable trade balance for Finland, with imports exceeding exportsby $2.06 billion.
Export Strengths
Finland's exports to China total $4.60 billion, with competitive advantages in wood pulp: chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of coniferous wood, representing $1.27B or27.5% of bilateral exports.
Import Dependencies
Imports from China amount to $6.66 billion, highlighting economic interdependence in electric accumulators: lithium-ion, including separators, whether or not rectangular (including square), with Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) comprising9.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Finland's strategic sourcing from China. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Finland and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023