The United States and Finland have a strong and growing trade relationship. Despite their geographical distance, these two countries exchange a wide variety of goods and services. Let’s explore the 10 most traded products between the USA and Finland, highlighting key statistics and trends.
1. Petroleum Products
Petroleum products top the list of traded items between the USA and Finland. This category includes both crude oil and refined petroleum.
The USA exports crude petroleum to Finland, with the value reaching $754 million in 2023. This makes it the largest single export from the USA to Finland.
On the other hand, Finland exports refined petroleum to the USA. In 2023, the value of refined petroleum exports from Finland to the USA was $1.15 billion. This shows that while the USA supplies raw materials, Finland adds value through refining processes.
2. Ships and Marine Vessels
Finland has a strong shipbuilding industry, and this is reflected in its trade with the USA. Passenger and cargo ships are a major export from Finland to the United States.
In 2023, Finland exported ships worth $2.05 billion to the USA. This makes ships the largest single export category from Finland to the USA.
The USA also exports some marine vessels to Finland, but on a much smaller scale.
3. Paper Products
Finland is known for its forestry industry, and paper products are a significant export to the USA.
Kaolin coated paper is a particularly important product. In 2023, Finland exported $617 million worth of kaolin coated paper to the USA.
Other paper products are also traded, contributing to the overall importance of this category in the trade relationship.
4. Machinery and Equipment
Both countries export various types of machinery and equipment to each other.
Finland exports a variety of machines to the USA, including papermaking machines. The total value of machinery exports from Finland to the USA is substantial.
The USA also exports machinery to Finland, including specialized equipment and industrial machinery.
5. Chemical Products
Chemical products form a significant part of the trade between the two countries.
Finland exports various chemicals to the USA. In 2023, chemical exports from Finland to the USA were valued at $1.41 billion.
The USA also exports chemicals to Finland, with the value reaching $419 million in 2023.
6. Electronics and Electrical Equipment
Both countries have strong technology sectors, and this is reflected in their trade of electronics and electrical equipment.
Finland exports various electronic products to the USA. Computer and electronic product exports from Finland to the USA were valued at $613 million in 2023.
The USA also exports electronics to Finland, with computer and electronic products worth $414 million exported in 2023.
7. Petroleum Gas
Natural gas and other petroleum gases are important in the trade relationship.
The USA exports significant amounts of petroleum gas to Finland. In 2023, these exports were valued at $538 million.
This trade helps Finland diversify its energy sources and supports its energy needs.
8. Pharmaceuticals
The pharmaceutical industry plays a role in the trade between the two countries.
Finland exports pharmaceuticals to the USA, including special pharmaceuticals. These exports contribute to the overall trade in chemical products.
The USA also exports pharmaceutical products to Finland, although on a smaller scale.
9. Vehicles
Automobiles and other vehicles are traded between the USA and Finland.
Finland exports cars to the USA, with this being one of its significant export categories.
The USA also exports vehicles to Finland, including specialized transportation equipment.
10. Services
While not a physical product, services are an important part of the trade relationship between the USA and Finland.
Finland exports significant amounts of computer and information services to the USA. In 2020, these exports were valued at $3.39 billion.
The USA exports various services to Finland, including business services and travel services.