Imports The top imports of Finland are Crude Petroleum ($5.38B), Cars ($3.34B), Refined Petroleum ($2.95B), Vehicle Parts ($1.69B), and Broadcasting Equipment ($1.47B), importing mostly from Germany ($11.7B), Sweden ($10B), Russia ($9.5B), China ($4.43B), and Netherlands ($4.32B).
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Contents
What does Finland import?
Economy of Finland
| Statistics | |
|---|---|
| Imports | $65.26 billion (2017 est.) |
| Import goods | foodstuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, computers, electronic industry products, textile yarn and fabrics, grains |
What’s Finland’s biggest export?
Top Finnish 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.
What is Finland’s main resource?
Trees are Finland’s most important natural resource. Some three-fourths of the total land area is forested, with pine, spruce, and birch being the predominant species.
What is Finland known for?
Finland is famous for being the Happiest Country in the World, as well as having the world’s best education system and cleanest air. Finland is known for its saunas, reindeers, Nokia, and the Santa Claus village. This Nordic utopia is sometimes called the Country of a Thousand Lakes, and it’s got 187,888 of them.
What items does Finland import and export?
Finland’s largest bilateral trade flows (whether within or outside the EU) are with Germany, Russia and Sweden. Finland’s key export sectors are transportation, electronics, forestry, machinery, and chemicals.
What is Finland’s number 1 export?
Many Finnish companies have successful longstanding business operations in Russia. The European Union makes up more than 60 percent of Finland’s total trade. The largest trade flows are with Germany and Sweden. Finland’s key export sectors are transportation, electronics, forestry, machinery, and chemicals.
What foods does Finland import?
Overview
| Product | Total imports in 2020 | U.S. Market Share |
|---|---|---|
| Wine (HS2204) | 246,635 | 2% |
| Raisins (HS080620) | 6,194 | 94% |
| Whiskies (HS220830) | 22,264 | 7% |
| Prunes (HS081320) | 3,848 | 55% |
What sells Finland?
Finland’s Top 10 Exports
- Machinery including computers: US$9.7 billion (14.7% of total exports)
- Paper, paper items: $7.3 billion (11.1%)
- Electrical machinery, equipment: $5.6 billion (8.5%)
- Vehicles: $5 billion (7.5%)
- Mineral fuels including oil: $4.9 billion (7.5%)
- Iron, steel: $4.1 billion (6.2%)
How is the Finnish economy doing?
Finland’s economic freedom score is 76.1, making its economy the 17th freest in the 2021 Index. Its overall score has increased by 0.4 point, primarily because of an improvement in the government spending score.The Finnish economy continues to benefit from high levels of economic freedom.
What products are made in Finland?
All-time top 12 Finnish design products
- Sauna. Photo: VisitFinland.
- Dish-drying cupboard. Photo: Kaisa Siren/Lehtikuva.
- Fiskars orange-handled scissors. Photo: Fiskars.
- Artek Stool 60 by Alvar Aalto. Photo: Tuomas Uusheimo/Artek.
- Clean water. Photo: Tea Karvinen/VisitFinland.
- The Moomins.
- Linux.
- Marimekko.
Why is Finland a mixed economy?
It is a mixed economy, which combines a free market with a Nordic welfare state model. In 2020, the gross domestic product (GDP) in Finland amounted to over 236 billion euros. The high economic output per capita is similar to that of other Western European economies, such as Germany, Austria, and Sweden.
What are 3 interesting facts about Finland?
Top 10 Interesting Facts About Finland
- The Longest Palindromic Word Comes From the Finnish Language.
- Finland Is the Only Home of the Endangered Saimaa Ringed Seal.
- The Wife-Carrying Race Originated in Finland.
- The Finns Absolutely Love to Drink Milk.
- There Are More Than 3 Million Saunas In Finland.
Why is Finland the best?
Finland is the safest country in the world.Finland has the least organised crime in the world. World Economic Forum, The Global Competitiveness Report 2018: Organized crime. Next to Norwegians and Icelanders, Finns feel the second least insecure in the world.
What is Finland the best at?
100 Years Old Today: 18 Reasons Why Finland Is the Greatest Country on Earth
- It’s the safest country on Earth.
- And the most eco-friendly.
- Nowhere in Europe has more trees.
- Its capital couldn’t be greener.
- There are 179,584 islands.
- And 188,000 lakes, including western Europe’s second biggest.
- It’s a tolerant place.
Who does Finland trade with?
In 2017, Finland major trading partner countries for exports were Germany, Sweden, Netherlands, United States and Russian Federation and for imports they were Germany, Russian Federation, Sweden, China and Netherlands.
Does Finland have import tax?
Depending on the product and excluding foodstuffs, import tariffs range from 0-17 percent. Duties for non-EU countries are relatively low, especially for manufactured goods, ranging on average from 2.61 percent to 4.17 percent. However, textile and clothing items still have high duties and quotas.
What is Denmark’s main export?
Economy of Denmark
| Statistics | |
|---|---|
| Ease-of-doing-business rank | 4th (very easy, 2020) |
| External | |
| Exports | $113.6 billion (2017 est.) |
| Export goods | wind turbines, pharmaceuticals, machinery and instruments, meat and meat products, dairy products, fish, furniture and design |
What cars are manufactured in Finland?
Gallery
- Car models produced in Uusikaupunki, Finland.
- Saab 95.
- Saab 96.
- Saab 99.
- Saab 90.
- Saab 900 CD (Long Wheelbase Model)
- Saab 900 Convertible.
- Saab 9-3.
Why is Finland’s economy failing?
The Finnish economy was damaged as well by a severe banking crisis caused by poor supervision following financial market deregulation in the late 1980s. Finland and other Nordic countries buttressed their financial systems in the following years.
How much do Finns pay in taxes?
Personal Income Tax Rate in Finland averaged 53.52 percent from 1995 until 2020, reaching an all time high of 62.20 percent in 1995 and a record low of 49 percent in 2012.
