Finland-Norway Bilateral Trade Analysis 2023
Complete trade statistics: $8.61B total volume •Finland deficit: $3.84B
Finland → Norway
$2.39B
Exports (2023)
Norway → Finland
$6.22B
Imports (2023)
Trade Balance
$3.84B
Deficit for Finland
Total Trade
$8.61B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Finland and Norway. 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-Norway commercial relationship and competitive positioning in global markets.
Finland → Norway Exports
Export Market Intelligence
🎯 Strategic Export Focus
Finland's export portfolio to Norway demonstrates strong diversification across multiple sectors, with nickel: nickel mattes representing a key competitive advantage in this bilateral market.
Norway → Finland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Finland's import pattern from Norway reveals significant dependencyin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Finland demonstrates competitive strength in exportingnickel: nickel mattes to Norway, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $8.61B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Finland-Norway Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $8.61 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Finland maintains a deficit of $3.84 billion
- Export Focus: Finland's primary exports include nickel: nickel mattes, electrical static converters, rubber: new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)
- Import Dependencies: Key imports from Norway include oils: petroleum oils and oils obtained from bituminous minerals, crude, fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99, petroleum gases and other gaseous hydrocarbons: liquefied, natural gas
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional 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 $8.61B 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 nickel: nickel mattes.
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 nickel: nickel mattescomplements Norway's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $8.61B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $8.61B 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 $8.61 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in nickel: nickel mattes and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Finland's trade deficit of $3.84 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 Norway represents a total trade volume of $8.61 billion in 2023. This partnership demonstrates an unfavorable trade balance for Finland, with imports exceeding exportsby $3.84 billion.
Export Strengths
Finland's exports to Norway total $2.39 billion, with competitive advantages in nickel: nickel mattes, representing $330.75M or13.9% of bilateral exports.
Import Dependencies
Imports from Norway amount to $6.22 billion, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising77.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Finland's strategic sourcing from Norway. 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 Norway in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023