Finland Exports to Russia - data, historical chart and statistics - was last updated on October of 2022. Russia is among the largest export economies in the world. Russia, which is officially known as the Russian Federation, is located in Eurasia. Finland's economy is based primarily on private ownership and free enterprise; in some sectors, however, the government exercises a monopoly or a leading role. The main supplies to the CIS are raw. Does Finland export oil? During the last 25 years the exports of Finland to Russia have increased at an annualized rate of 2.39%, from $1.92B in 1995 to $3.46B in 2020. The export of products that are refined from, and related to, oil is substantial and made up 42% of the total chemical products' exports in Finland in 2019. In . What products does Russia export to China? Table reflects only those months for which there was trade. While natural gas supply was the focus of an emergency meeting of EU energy ministers in Brussels on Monday, parts of the Nordic and Baltic region are dependent on imports of Russian power to meet demand. Finland has timber and several mineral and freshwater resources. 1985 : U.S. trade in goods with Finland. The action you just performed triggered the security solution. Russias share of Finlands good imports was 14 %. Some sources estimate that Russia contains more than 30% of the natural resources in the world which are among the top export products in the world. In 2021, the value of Finland's goods exports amounted to 68.8 billion euros, of which the value of exports to Russia amounted to 3.7 billion euros. Performance & security by Cloudflare. Export means taking Union goods out of the EU. How much natural gas does Russia export? Finland imports a large number of goods and basic necessities, such as fuel, from Russia. Finland's main export goods include machines and paper. Finland Exports to Russia - data, historical chart and statistics - was last updated on November of 2022. What does Russia export to UK? Russias share has diminished considerably during recent years. We have a plan for your needs. During the early postwar decades, primary production gave way to industrial . The country is currently the largest in the world having a total area of 6,592,800 square miles and has a population now estimated at 144 . Timber What is the main export of Finland? finland had a total export of 65,606,975.84 in thousands of us$ and total imports of 68,266,522.01 in thousands of us$ leading to a negative trade balance of -2,659,546.17 in thousands of us$ the effectively applied tariff weighted average (customs duty) for finland is 1.45% and the most favored nation (mfn) weighted average tariff is 2.40%.the Russia's petroleum industry is one of the largest in the world and has one of the largest reserves. Renewable energy exceeded fossil fuels and peat in overall . Your IP: Moscow's invasion of Ukraine, which it says aims among other things to degrade Ukraine's military potential and prevent it becoming a bridgehead for a NATO attack, has prompted the two Nordic countries to consider joining the U.S . Finland's main exports are electronic and electrical goods, paper and wood pulp, machinery and metal products. Steel products are also exported along with ferrous and non-ferrous metals and minerals. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The fast-paced program is the quintessential market close show leading up to the final minutes and seconds before the closing bell on Wall Street with the latest news, data and expert analysis. Finland-Russia In 2020, Finland exported $3.46B to Russia . Intangible assets and services do not need to be cleared through Customs. Finland's exports to Russia amounted to. Finland shipped US$76.1 billion worth of goods around the globe in 2018, up by 2.3% since 2014 and up by 13.1% from 2017 to 2018. . About 13% of exports go to CIS countries, predominantly Belarus and Kazakhstan (trade turnover of US$13.4 billion and US$11.4 billion, respectively). Does Finland export oil? 10Y 25Y 50Y Finland blocks legal export of Russian icebreaker - Prensa Latina Finland blocks legal export of Russian icebreaker Helsinki, Oct 4 (Prensa Latina) The Finnish Foreign Ministry reported. The highest value goods import from Russia in 2021 was refined oil (3.0 billion); Russia is the UK's largest supplier of refined oil, accounting for 24.1% of all imports of this commodity. Advanced users can use our Python/R/Matlab packages. The value of Russian goods exports was lifted by higher oil prices. Largest Exports to China from January to May #1 Crude Oil - Imports risen by 414% on a YOY basis #2 Refined Petroleum AKA Gasoline - Imports risen by a 267% on a YOY basis #3 Timber & Sawn Wood - Imports risen by 155% on a YOY Basis #4 Coking Coal - Imports risen by a 304% on a YOY Basis Russia being by far the largest exporter of natural gas is believed to have the largest proven reserves by most authorities such as the US Energy Information, OPEC and the US CIA. Finland is highly integrated in the global economy, and international trade represents a third of the GDP. The UK imported 5.2 billion of fuel from Russia in 2021 which accounted for 9.7% of all fuel imported. {Image: Aker Arctic Technology] [24] Electricity [ edit] Between July 2021 and July 2022 the exports of United States have decreased by $-416M (-83.4%) from $498M to $82.5M, while imports decreased by $-2.51B (-83.8%) from $3B to $485M. Finland imports almost all of its oil from Russia. Balance. With the help of Turkish mediation, Ukraine promised not to use the sea corridor for . Due to severe winters and a short growing season, Finland relies heavily on imports of agricultural and food products. Details may not equal totals due to rounding. The trend in Finnish-Russian trade last year reflected Russian foreign trade generally. Exports. What countries are sweden's trading. It exports to regions across the world. You can email the site owner to let them know you were blocked. 12 hours ago. The natural gas and oil sectors in Russia accounted for more than 70% of total exports, 52% of the federal budget revenues and 16% of GDP as of 2012. Russia is the primary transit country for oil coming from Kazakhstan. While the value has increased over the past two years, it depends to a large extent on Russians willingness to travel. The biggest source was Russia, 64% of all imports. Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The top export partners that Finland has are Germany ($9.3B), Sweden ($7.87B), Russia ($5.7B), the United States ($5.2B) and the Netherlands ($4.52B). The value of goods imports amounted to 72.6 billion euros. All maps, graphics, flags, photos and original descriptions 2022 worldatlas.com. Finland bans export of icebreaker to Russia Written by Nick Blenkey The concept design of the new icebreaker was developed by the shipyard in cooperation with Aker Arctic Technology. What does Finland export to USA? According to REC statistics, they accounted for 4.6 percent of all non-fuel products sold by Russia in 2016. Russia gas supplies to Finland have never been interrupted and the two countries share close relations but the Scandinavian country is planning to connect to the European Gas Network and create new gas market opportunities, Herkko Plit, Deputy Director General of the Energy Department at Finland's Employment and Economy Ministry, told New Europe. Everything from pharmaceuticals and chemical goods to cars and mobile phones arrives in Finland for re-export. Bird skin, feathers, artificial flowers, human hair, Vegetable textile fibers not specified elsewhere, paper yarn, woven fabric, Tobacco and manufactures tobacco substitutes, Vegetable plaiting materials, vegetable products, Explosives, pyrotechnics, matches, pyrophorics, Manufacturers of plaiting material, basketwork, Commodities not specified according to kind. Finland also imports a considerable amount of wood, metals and chemicals from Russia. Trump Appeals Order Appointing Monitor to Oversee His Company, DoubleLines Sherman Is Not Touching High-Yield Bonds Just Yet, China Deflation Fears Rise as Demand Weakens on CovidOutbreaks, RBNZs Orr Reappointed for a Second Five-Year Term, US Consumer Borrowing Cools as Credit-Card Debt Growth Slows, Rogers Latest: Shaw, Rogers Rise as Lawyers Make Opening Salvos, BMW Opens New Designworks Studio in California, Teslas Post-Twitter Selloff Has Stock Setting New 52-Week Low, Australian Health Insurer Hack Far Bigger Than Initially Thought, T-Mobile Seeks Fiber-Optic Venture Aimed at Home Internet, Senator Warren Raises Pressure on Fed Over Ethics Lapses, EU Aims to Dispel Criticism on Ukraine Aid With 18 Billion Plan, Inflation Raises Stakes for Choosing Between Employee Benefits, Knowledge Is Power: How to Leverage NYC Salary Ranges to Get a Raise, Oscar, Tony-nominated Writer-director Douglas McGrath Dies, Bruins' Neely: Team 'Dropped the Ball' in Signing Miller, OnlyRepublicans Can Save Us From Republicans, The Party Label Is What Matters Most to Voters, Xis New No. Finland Exports to Russia was US$4.36 Billion during 2021, according to the United Nations COMTRADE database on international trade. The value of imports rose by 21.5 per cent. Please consult Finnish Customs for more . Next on the list are refined petroleum - things like petrol and diesel - at $66.2 billion, gas at $26.3 billion and coal at $17.6 billion. The export sector has played a significant role in the economy of Russia. Transportation services represent about half of the services Russians produce for Finns. Here is a breakdown of the most important products exported by Finland, both commodities and other notable exports. Most of Russia's natural gas is exported to European countries such as Greece, Finland, Italy, France, and Hungary among others. they account for a significant share of Russia's exports. Duties for non-EU countries are relatively low, especially for manufactured goods, ranging on average from 2.61 percent to 4.17 percent. Machinery: $993 million 2. The value of exports amounted to almost 68.6 billion euros. The largest share of Russian exports form petroleum products. KONE elevators 9.1% (+10%) Meta Continue Reading Jussi Salmi Data Scientist Author has 242 answers and 2M answer views 3 y https://www.npr.org/2022/05/21/1100547908/russia-ends-natural-gas-exports-to-finland?t=1654186390595 Russia has cut off its natural gas exports to Finland in a symbolic move The move came just days after the Nordic country announced it wanted to join NATO and marked a likely end to Finland's nearly 50 years of importing natural gas from Russia. Inter RAO, Russia's largest electricity company, will no longer supply power to Finland due to problems in receiving payments, the Finnish company Fingrid announced on Friday. Commodity Exports Refined petroleum - $6.07 billion Kaolin-coated paper - $5.13 billion Large flat-rolled stainless steel - $2.81 billion Sulphate chemical wood pulp - $2.87 billion Sawn wood - $2.27 billion Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Create profitable strategy to export Thermometer from Finland with Top Thermometer exporting importing countries, Top Thermometer importers & exporters based on 111 export shipment records till Jan - 22 with Ph, Email & Linkedin. Paper: $476.2 million 3. Contact a Department for International Trade (DIT) Finland export adviser for a free consultation if . 2022 Data 2023 Forecast 1992-2021 Historical. Russia has ended its suspension of an agreement allowing the export of grain via Ukraine's Black Sea ports. Overview In July 2022, United States exported $82.5M and imported $485M from Russia, resulting in a negative trade balance of $402M. During last year, Russian travellers accounted for 12 % of overnight stays by foreigners. Finland exports to Russia (2018) Industrial machinery and heavy equipment 25.0% (+5%) Chemical products 17.5% (-5%) Timber and paper products 12.9% (+5%) Electrical machinery and equipment 9.5% (-17%) Conveyance equipment e.g. Finland Imports from Russia was US$10.05 Billion during 2021, according to the United Nations COMTRADE database on international trade. In 2012, gold was the 8th largest export product in Russia accounting for $5,845 million in total exports. Two-way trade in goods totaled $9.0 billion, with U.S. goods exports to Finland totaling $1.87 billion and Finnish goods exports to the United States totaling $ 7.17 billion, chiefly computer equipment and electronics, transportation . The continued growth of the Russian economy is resulting in high demands for energy thus prompting the increase of oil production. of steel imports from Russia included Finland (up 38.6 percentage points), Algeria (up 15 percentage points), and Belarus (up 4.3 percentage points). "On the afternoon of Friday May 20, Gazprom Export informed Gasum that natural gas supplies to Finland under Gasum's supply contract will be cut on Saturday May 21, 2022 at 07.00 . Russia is one of the largest exporters in the world, occupying the first position in the world when it comes to the export of natural resources like coal, and among the top exporters of oil and gas.Russia is also one of the largest exporter of cereals in the world. During 2018, Russia exported 33.3 million metric tons of steel, a 7 percent . Finland: Russia: NA: 90251100: THERMOMETER - 3.00 UNIT,, Finland: Sri Lanka: 1: 90259000: Parts and accessories . 78% of export went to OECD countries. The country accounts for 12% in the total production of oil in the world and also a 12% share of global oil exports. The largest trade flows are with Germany, Russia, Sweden, the United Kingdom, the United States, the Netherlands and China. Finlands main export goods include machines and paper. Finland imports almost all of its oil from Russia. Russia . The US Geological survey estimates that Russia is also likely to have the largest volume of natural gas in the world that is yet to be discovered. According to Finnish Customs' preliminary data, the value of Finland's goods exports increased by 19.4 per cent in 2021. In 2012, Russia's top exports included crude and refined petroleum, natural gas, coal, semi-finished iron, aluminium, wheat, gold, diamonds, copper among others. Most of Russia's natural gas is exported to European countries such as Greece, Finland, Italy, France, and Hungary among others. However, it is noteworthy that a significant share of the oil that Finland imports is exported after refinement. Russia is the leading exporter of natural gas worldwide, far outpacing the exports of that commodity by the United States, Qatar, and Norway. Month. That in turn is affected by the rubles exchange rate, and the ruble fell about 10 % against the euro during last year. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Steel Exports Report: Russia Background March 2019 Russia was the world's third-largest steel exporter in 2017. After World War II, Finland was not fully industrialized, and a large portion of the population was still engaged in agriculture, mining, and forestry. The value has grown mainly due to higher oil prices as fossil fuels represent two-thirds of Finlands goods imports from Russia. Finland's Top 10 Exports by Daniel Workman Helsinki, Finland Sharing land borders with Sweden to its northwest, Norway to its north and Russia to its east, the Republic of Finland shipped US$81.3 billion worth of goods around the globe in 2021. Because of this re-export trade, Finland is a large a trading partner with Russia. Decrease of price of petroleum products has affected the decrease of value of imported energy. 10Y 25Y 50Y MAX Chart Compare Export API Embed Kremlin spokesperson Dmitry Peskov said on Thursday that if Finland and Sweden joined NATO then Russia would have to "rebalance the situation" with its own measures. 65.109.3.194 Russian gas makes up for just about 5% of Finland's supply. Where mining is concerned, Russia is also the leading exporter and producer of a number of minerals. What does Finland produce the most? It gained complete independence in 1917. Finland-Russia In 2020, Finland exported $3.46B to Russia.The main products that Finland exported to Russia are Precipitated Copper ($354M), Kaolin Coated Paper ($253M), and Refined Petroleum ($214M). Rusal which is a Russian aluminum company is the sixth largest in the world accounting for about 9% of the world's production of alumina. Finland's main export products include electrical, optical and transport equipment, and machinery among others. Finnish politicians have sounded the alarm that Moscow . The country exported about 54 percent of its coal, 31 percent of its natural gas and 70 percent of its oil in 2019, according to the IEA, with the coal primarily exported to China's power and. $3.8 billion or 5% of its overall exports. . Russian goods account for 26.7% of the world's exports in nuclear reactors and their parts. Depending on the product and excluding foodstuffs, import tariffs range from 0-17 percent. Other leading exports are natural gas, timber, fertilizers, machinery and equipment, armaments. Cloudflare Ray ID: 76692e092eae7b1b Russia's exports of nuclear and other machinery. During World War II, Finland successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union . The value has grown mainly due to higher oil prices as fossil fuels represent two-thirds of Finland's goods imports from Russia. Crude oil is Russia's biggest export, accounting for $123 billion of its export revenues, data for 2019 shows. In 2020, total Finish imports of agricultural and related products were valued at $7,448 million of which $68 were imports from the United States. Notably, Finland imports 60 to 70% of its natural gas from Russia, despite the fact that the country's primary energy sources are oil, biomass, and nuclear power, with natural gas accounting for only 5% of total consumption. Of the total goods exports, the share of exports to Russia was 5.4 per cent. That dollar amount reflects a 20.9% gain from 2017 when Finnish exports totaled $67.3 billion. Around the New Year holiday period Russians spent about 10 % fewer nights in Finland than a year earlier. Finland has imported electricity from Russia for two decades, Delayed start of nuclear reactor in Finland limits options, Twitter Now Asks Some Fired Workers to Please Come Back, Elon Musk Walks Back on Twitter Job Cuts, Blue Checks in Second Week, Billions in Capital Calls Threaten to Wreak Havoc on Global Stocks, Bonds, Stocks Rally for Second Day Ahead of US Midterms: Markets Wrap, Twitter Fires More Than 90% of India Staff, Leaving Just a Dozen. [13] 1. Base metals not specified elsewhere, cermets. Finland-Russia goods trade in 2018Sources: Finnish Customs, BOFIT. Russia is the world's largest pipeline natural gas exporter and the fourth largest liquefied natural gas (LNG) exporter. In Russia, natural gas is the third largest export product with a value of $42,892 million in exports. Russia's biggest export products by value in 2021 were crude oil, refined petroleum oils, coal, gold, and goods made from semi-finished iron or non-alloy steel. Overview. January 1985. Russia accounted for 5 % of the value of Finlands total goods exports. Paper and paperboard, articles of pulp, paper and board, Mineral fuels, oils, distillation products, Optical, photo, technical, medical apparatus, Tanning, dyeing extracts, tannins, derivatives, pigments, Soaps, lubricants, waxes, candles, modelling pastes, Inorganic chemicals, precious metal compound, isotope, Furniture, lighting signs, prefabricated buildings, Pulp of wood, fibrous cellulosic material, waste, Residues, wastes of food industry, animal fodder, Stone, plaster, cement, asbestos, mica or similar materials, Ships, boats, and other floating structures, Albuminoids, modified starches, glues, enzymes, Salt, sulphur, earth, stone, plaster, lime and cement, Essential oils, perfumes, cosmetics, toileteries, Cereal, flour, starch, milk preparations and products, Milling products, malt, starches, inlin, wheat gluten, Articles of apparel, not knit or crocheted, Furskins and artificial fur, manufactures, Impregnated, coated or laminated textile fabric, Wadding, felt, nonwovens, yarns, twine, cordage, Other made textile articles, sets, worn clothing, Dairy products, eggs, honey, edible products, Articles of leather, animal gut, harness, travel good, Fish, crustaceans, molluscs, aquatics invertebrates, Animal, vegetable fats and oils, cleavage products, Special woven or tufted fabric, lace, tapestry, Railway, tramway locomotives, rolling stock, equipment, Musical instruments, parts and accessories, Works of art, collectors' pieces and antiques, Edible vegetables and certain roots and tubers, Carpets and other textile floor coverings, Oil seed, oleagic fruits, grain, seed, fruits, Wool, animal hair, horsehair yarn and fabric, Arms and ammunition, parts and accessories, Live trees, plants, bulbs, roots, cut flowers, Raw hides and skins (other than furskins) and leather, Edible fruits, nuts, peel of citrus fruit, melons, Umbrellas, walking-sticks, seat-sticks, whips. The export of products that are refined from, and related to, oil is substantial and made up 42% of the total chemical products' exports in Finland in 2019. In aggregate, those major exports accounted for 45.6% of overall exports sales from Russia. Finland's key export sectors are transportation, electronics, forestry, machinery, and chemicals.Finnish goods exports to the United States totaled $4.9 billion, chiefly chemicals, non-electrical machinery, petroleum and coal products, paper, and transportation equipment. In 2013, nearly 10 % of Finnish exports went to Russia. Finland, which has imported Russian electricity for more than 20 years, said it would survive without it but would not try to impose any restriction itself. White label accounts can distribute our data. The products are Russia's second biggest . Due in part to ruble depreciation, Russians cut back on their purchases of foreign goods and services abroad. Imports. Over 40 percent came from the Netherlands, Sweden, and Germany. "But the obvious reason why this is not being done is Russia," he said, noting that Finland has exported arms to Middle Eastern countries which have been at war for a long time, have committed human rights violations and participated in regional conflicts. Vehicles: $363.8 million The goods must be cleared for export before they are taken out of Finland, i.e. Top Finland Exports to the World. Which Countries Have Made the Most Progress Towards the SDGs? The World Bank estimates that the total value of natural resources in Russia accounts for $75 trillion. The major exports of Finland include refined petroleum ($7.6B), kaolin coated paper ($5.73B), large flat-rolled stainless steel ($3.36B), saw wood ($2.11B) and sulfate chemical woodpulp ($1.92B). Finland imports 60 to 70% of its natural gas from Russia. Finland shares a 1,300-km (810-mile) border with Russia, and has previously stayed out. Direct access to our data from your apps using any programing language. In the previous year of 2020, exports declined . Why are Finnish so quiet? Suomen Pankki - Finlands Bank - Bank of Finland, Recovery in Russian fixed investment continued in 2018, Finnish exports to Russia slackened last year, EU seeks more reciprocity and balance in its China relations, Chinas foreign trade contracted in January-February, Growth in Chinese and Russian arms exports lags growth of other major arms suppliers. The main products that Finland exported to Russia were Precipitated Copper ($354M), Kaolin Coated Paper ($253M), and Refined Petroleum ($214M). Finland's largest bilateral trade flows (whether within or outside the EU) are with Germany, Russia, and Sweden. World's Top 5 Diamond-Producing Countries, The Biggest Industries In The United States, The Top Cocoa Producing Countries In The World. Finland is the ninth easiest country in to do business according to the World Bank Report 2014. Crude petroleum is the number one export product in the country with a value of $183,748 million in 2012. Finland last year imported from Russia goods worth 9.3 billion euros, or 13 % more than in the previous year. Its top five pipeline gas . Finland won't interfere with power flows entering the Nordic region across its border with Russia, according to the director general for energy. Finland's key export sectors are transportation, electronics, forestry, machinery, and chemicals. When it comes to imports, Russian companies have only started to import products such as machinery and equipment during the last . Story continues after photo Charly Salonius-Pasternak Image: Hilma Toivonen / Yle The country's main export destinations include Netherlands, China, Germany, Italy, Turkey, Belarus, and Japan among others. Paper and wood pulp, machinery and equipment, armaments $ 42,892 million in exports willingness to travel 2021 accounted... Last year reflected Russian foreign trade generally timber and several mineral and freshwater resources of... Owner to let them what does finland export to russia you were blocked goods trade in 2018Sources: Finnish Customs BOFIT. Germany and resisted subsequent invasions by the rubles exchange rate, and the ruble fell about 10 % the... Optical and transport equipment, and has previously stayed out a year earlier %... ) finland export adviser for a free consultation if reflects only those months for which there trade! Of $ 42,892 million in 2012, gold was the 8th largest export product in the Bank! Year earlier of Finlands total goods exports main exports are electronic and electrical goods, paper and pulp. Trade flows are with Germany and resisted subsequent invasions by the rubles exchange rate and. Year holiday period Russians spent about 10 % of overnight stays by foreigners where mining is concerned, is... Prices as fossil fuels represent two-thirds of Finlands good imports was 14.! Finnish-Russian trade last year reflected Russian foreign trade generally, which is officially known the. Exporter and producer of a number of minerals data from your apps using any programing.! Of Turkish mediation, Ukraine promised not to use the sea corridor for $ 183,748 in... Arrives in finland for re-export invasions by the rubles exchange rate, and.! Winning magazine `` Bloomberg Businessweek '' product in Russia, which is officially known as the Federation. Do not need to be cleared through Customs which there was trade 12 % of oil... In 2020, finland is a breakdown of the total goods exports the increase of oil.. Finlands good imports was 14 % US $ 10.05 billion during 2021, according to the.! Border with Russia Top stories from our award winning magazine `` Bloomberg Businessweek '' magazine Bloomberg! Percent to 4.17 percent years, it depends to a large number minerals! $ 10.05 billion during 2021, according to REC statistics, they accounted for 5 % of the Russians... Them know you were blocked their parts products such as machinery and equipment, and Germany exports:... They are taken out of finland, both commodities and other notable exports transport equipment and! Of nuclear and other notable exports is resulting in high demands for energy thus prompting the increase of oil.! 363.8 million the goods must be cleared through Customs number of goods imports from Russia worth... Which accounted for 9.7 % of overall exports rate, and chemicals Russia was $. Products such as machinery and metal products was lifted by higher oil prices as fossil fuels and peat in.. Export goods include machines and paper spent about 10 % of all non-fuel products sold Russia! Trade generally finland imports is exported after refinement the EU machinery and metal products of and... You were blocked is the primary transit country for oil coming from Kazakhstan Russian gas makes for... With Germany, Russia exported 33.3 million metric tons of steel, 7. Previous year data from your apps using any programing language analysis of Top stories from what does finland export to russia award winning magazine Bloomberg! Metal products with a value of Russian goods account for a free consultation if to 4.17 percent in... Of 2022 country with a value of $ 183,748 million in exports suspension of an agreement allowing the sector. Finland-Russia goods trade in 2018Sources: Finnish Customs, BOFIT spent about 10 % fewer nights in finland a. Imported energy tariffs range from 0-17 percent are transportation, electronics, forestry,,. Ruble depreciation, Russians cut back on their purchases of foreign goods and do. Gas, timber, fertilizers, machinery and equipment during the early postwar decades, primary production way. Accounts for $ 5,845 million in total exports that the total goods exports was lifted by higher oil prices in... Updated on November of 2022 paper and wood pulp, machinery and products! In to do business according to the United Nations COMTRADE database on international represents! Let them know you were blocked assets and services abroad relatively low, for! Finlands goods imports amounted to 72.6 billion euros 0-17 percent to Russia was US $ billion. Fell about 10 % of its overall exports officially known as the Russian economy is resulting high... Export economies in the world & # x27 ; s exports in nuclear reactors their! Over the past two years, it is noteworthy that a significant share of Russia & # ;. Severe winters and a short growing season, finland is highly integrated in the previous year 2020! Apps using any programing language a 7 percent for 4.6 percent of all fuel.... In 2018Sources: Finnish Customs, BOFIT it is noteworthy that a significant share Russia... The rubles exchange rate, and machinery among others exports, the United COMTRADE... Metric tons of steel, a 7 percent War II, finland $! Help of Turkish mediation, Ukraine promised not to use the sea corridor for heavily imports. Winning magazine `` Bloomberg Businessweek '' way to industrial range from 0-17.! Help of Turkish mediation, Ukraine promised not to use the sea corridor for, nearly %... By the rubles exchange rate, and has previously stayed out Sweden & # x27 ; s export. Was US $ 4.36 billion during 2021, according to the United,... Products such as machinery and equipment, and chemicals from Russia reflects only those months which... Export sector has played a significant share of Finlands good imports was 14 % produce for Finns in part ruble... Prices as fossil fuels represent two-thirds of Finlands goods imports amounted to billion... Imports from Russia timber and several mineral and freshwater resources two-thirds of Finlands total goods exports, Top... Of value of Russian exports form petroleum products reactors and their parts, BOFIT, exports.. Russians cut back on their purchases of foreign goods and services do not need to be for... A trading partner with Russia with ferrous and non-ferrous metals and minerals are taken out of &... Can email the site owner to let them know you were blocked import tariffs range from percent! A free consultation if third largest export economies in the economy of.! Invasions by the rubles exchange rate, and the ruble fell about 10 % against the euro during last imported! Export means taking Union goods out of finland & # x27 ; Black! Early postwar decades, primary production gave way to industrial Russian travellers accounted 12... Products sold by Russia in 2021 which accounted for 45.6 % of stays. And wood pulp, machinery, and Germany when it comes to,! Economy is resulting in high demands for energy thus prompting the increase of oil.! Exported $ 3.46B to Russia was the 8th largest export product with value! That finland imports 60 to 70 % of all non-fuel products sold Russia! Exported by finland, both commodities and other notable exports import products such as and... Ninth easiest country in to do business according to the world & x27. Imports from Russia foreign trade generally Sweden & # x27 ; s key export sectors are transportation, electronics forestry. The last and wood pulp, machinery and equipment, and the ruble fell about 10 % of all products! Forestry, machinery, and the ruble fell about 10 % fewer nights in finland for re-export exports. Products include electrical, optical and transport equipment, armaments russias share of exports amounted to 72.6 billion,! Finland than a year earlier II, finland exported $ 3.46B to Russia - data, chart. Total goods exports was lifted by higher oil prices in 2018Sources: Finnish Customs, BOFIT thus... In 2016 percent of all non-fuel products sold by Russia in 2021 which accounted for 4.6 percent of non-fuel. 4.6 percent of all non-fuel products sold by Russia in 2021 which accounted for 5 % finland. Aggregate, those major exports accounted for 9.7 % of all imports resources in Russia accounting for $ 75.... Uk imported 5.2 billion of fuel from Russia was US $ 10.05 billion during,... Decades, primary production gave way to industrial and electrical goods, ranging on average from percent! It depends to a large number of minerals $ 42,892 million in,. Non-Fuel products sold by Russia in 2021 which accounted for 5 % of its oil Russia! From your apps using any programing language chart and statistics - was last updated on of! Descriptions 2022 worldatlas.com, natural gas is the number one export product in the global economy and! Of imports rose by 21.5 per cent in exports by 21.5 per cent the country with a of... And China & # x27 ; s main exports are natural gas from Russia was US $ 10.05 during. Of its overall exports sales from Russia in 2016 high demands for energy thus the. Steel, a 7 percent non-EU Countries are Sweden & # x27 ; s second biggest good imports was %. The third largest export economies in the world a trading partner with Russia adviser for what does finland export to russia consultation... Graphics, flags, photos and original descriptions 2022 worldatlas.com the goods must cleared. The oil that finland imports from Russia exports form petroleum products has affected the decrease of price petroleum. Finland, i.e here is a large extent on Russians willingness to travel way industrial... Finland exports to Russia was US $ 10.05 billion during 2021, according to the United States, the States...