What does Finland export to USA? The jump reflects rising gas prices. A valuation declaration for imports exceeding the value of EUR 5,045.64 ($5,299.11 in 2022) A copy of the commercial invoice. Standard users can export data in a easy to use web interface or using an excel add-in. That bumped it ahead of Finland, but left it far behind the six other top countries. Trading Economics welcomes candidates from around the world. 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. Finland . For example, on June 1, a Monday, the . from $1.94B in 1995 to $6.81B in 2020. Finland shares an 833-mile-long border and a complicated history with Russia. Lived in two EU countries and visited all the rest plus Russia and Ukraine. 262 The Russian Federation imported US$231.6 billion worth of goods from around the globe in 2020, up by 27% since 2016 but down by -5% from 2019 to 2020. Russia's exports to Finland amounted to. A view of the business tower Lakhta Centre, the headquarters of Russian gas monopoly Gazprom in St. Petersburg, Russia, on April 27. Dmitri Lovetsky/AP In 2017, Finland exported The share of crude oil amounts to about 2.7 billion, and 91% comes from Russia. To check Finland and Russia trade dynamics, check the bilateral page. Finland managed to cut the amount of oil it imports from Russia just after the invasion of Ukraine started in late February. Co-generation of heat and electricity for industry process heat and district heating is common . Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($504M), KHANTY-MANSIYSK AUTONOMOUS AREA ($135M), REPUBLIC OF TATARSTAN ($94.8M), VOLOGDA REGION ($40.2M), and REPUBLIC OF KARELIA ($39.2M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($70.9M), ST. PETERSBURG ($63.7M), MURMANSK REGION ($40.1M), LENINGRAD REGION ($21.3M), and KRASNOYARSK TERRITORY ($12.5M). Balance. Finland Imports By Country Value Year; . Finland Imports from Russia was US$10.05 Billion during 2021, according to the United Nations COMTRADE database on international trade. Last year, diverse energy products were imported into Finland to the value of EUR 6.7 billion, which was 36 per cent less than one year earlier. During the last 25 years the exports of Russia to Finland have increased at an annualized rate of 5.14%, This page displays a table with Finland Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Imports of chips (+30%) and softwood (+11%) increased, whereas imported volumes of . Fingrid has preparations in place for the event that electricity trading with Russia suddenly stops. The security of the energy supply is not at risk, even if electricity trading with Russia stops. The share of industrial supplies was 39.1 per cent, and the value of imports of the goods group grew by 37.7 per cent. After losing two wars to Soviet Union, in World War II, Finland opted for neutrality with stable and pragmatic political and economic ties with Moscow. API users can feed a custom application. Service trade data is presented based on availability. This chart compares trade between Russia and Finland by product, considering products traded by both, Russia and Finland. Petroleum comprises 24 percent of the Finnish energy consumption. Natural Gas Imports from Russia in Finland increased to 1046 Terajoule in August from 405 Terajoule in July of 2022. During the last 25 years the exports of Finland to Russia have increased at an annualized rate of 2.39%, The country imports most of its gas from neighboring Russia. 2020 Exports: $6.81B, Rnk 13 / 187, 2020 Top Product: $2.73B, Crude Petroleum, 2020 Exports: $3.46B, Rnk 6 / 212, 2020 Top Product: $354M, Precipitated Copper, 2020 Economic Complexity (ECI): ECI 0.5, Rnk 43 / 127, 2020 Economic Complexity (ECI): ECI 1.47, Rnk 11 / 127, 2020 GDP: $1.48T, CURRENT US$Rnk 11 / 195, 2010-2020 GDP GROWTH: -2.72%, CURRENT US$Rnk 164 / 195, 2020 GDP: $270B, CURRENT US$Rnk 42 / 195, 2010-2020 GDP GROWTH: 8.19%, CURRENT US$Rnk 145 / 195, 2020 GDP PC: $10,127, CURRENT US$Rnk 70 / 195, 2010-2020GDP PC GROWTH: -5.14%, CURRENT US$Rnk 154 / 195, 2020GDP PC: $48,745, CURRENT US$Rnk 16 / 195, 2010-2020GDP PC GROWTH: 4.92%, CURRENT US$Rnk 120 / 195. In 2018, Russia exported Finland is currently preparing in case Russia cuts off oil exports. Vanhanen didn't see Moscow's gas stoppage as a retaliatory step from Russia to Finland's bid to join NATO but rather a countermove to Western sanctions imposed on Moscow following its invasion of Ukraine. Finland's natural gas imports from Russia rose by 282 percent in value year-on-year in March, the month after Russia attacked Ukraine, Finnish Customs data showed. 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. In January 2022 the top imports of Russia from Finland were Precipitated Copper ($37.6M), Kaolin Coated Paper ($20.5M), Refined Petroleum ($18.1M), Cars ($15M), and Delivery Trucks ($13.7M). Finland shares a 1,340-kilometer (830-mile) with Russia, the longest of any of the EU's 27 members, and has a conflict-ridden history with its huge eastern neighbor. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Finland. Of the wood imported from Russia, 53 per cent was pulpwood, 34 per cent wood chips and four per cent logs. Top Finland Imports from the World. The main products that Russia exported to Finland are Crude Petroleum ($2.73B), Nickel Mattes ($910M), and Refined Petroleum ($646M). Russia-Finland In 2020, Russia exported $6.81B to Finland. The Finnish state-owned gas company Gasum said that "natural gas supplies to Finland under Gasum's supply contract have been cut off" by Russia on Saturday morning at 7 a.m. local time (0400 GMT). In 2020, Finland exported $3.46B to Russia. Finland imports 60 to 70% of its natural gas from Russia 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. The country imports most of its gas from neighbouring Russia but gas accounts for only . The European union (15) average was 7 409 kWh/person. Trade In January 2022, the top exports of Russia to Finland were Crude Petroleum ($324M), Refined Petroleum ($122M), Electricity ($116M), Nitrogenous Fertilizers ($106M), and Commodities not elsewhere specified ($104M). Standard users can export data in a easy to use web interface or using an excel add-in. Nickel: $917.7 . Large-scale energy cooperation, also including nuclear power, between the two countries was one of the most visible signs of friendly bilateral ties between former enemies. Crude Oil Imports from Russia 0.00: 200.00: 1222.00: 0.00: Thousand Tonnes: Natural Gas Imports 3961.00: 2983.00: 22061.00: 2983.00: Terajoule . May 13. There are four main countries that purchase the majority of Russia's crude oil: The Netherlands, Germany, Poland, and Belarus. Details may not equal totals due to rounding. This section shows exports and imports data at subnational level for Russia. This visualization show the product space at the HS4 level colored from blue to yellow. Mineral fuels including oil: $6.6 billion 2. Between January 2021 and January 2022 the exports of Russia have increased by $613M (141%) from $434M to $1.05B, while imports increased by $67.4M (35.4%) from $190M to $258M. "Russia did the same thing with Finland it has done earlier with some other countries to maintain its own credibility," Vanhanen said, referring to the Kremlin's demands to buy its gas in rubles. In 2018, Russia exported services to Finland worth $791M, with Transportation ($283M), Travel ($234M), and Other business services ($145M) being the largest in terms of value. Growth In January 2022, the increase in Russia's year-by-year exports to Finland was explained primarily by an increase in product exports in Commodities not elsewhere specified ($26M or 75.7%), Electricity ($21.7M or 98.6%), and Acyclic Alcohols ($19.5M or 265%). January 1985. Lithuania, for example, gets 83 percent of its oil imports from Russia, followed by Finland (80 percent), Slovakia (74 percent), Poland (58 percent), Hungary (43 percent) and Estonia (34. Log in, Mineral fuels including oil: US$11.4 billion (13.2% of total imports), Machinery including computers: $10.5 billion (12.2%), Electrical machinery, equipment: $8.5 billion (9.9%), Plastics, plastic articles: $3 billion (3.5%), Articles of iron or steel: $2.4 billion (2.8%), Optical, technical, medical apparatus: $2.3 billion (2.7%), Crude oil: US$4.3 billion (up 24.9% from 2020), Processed petroleum oils: $3.1 billion (up 51.2%), Electrical energy: $2 billion (up 186.5%), Coal, solid fuels made from coal: $338.4 million (up 49.3%), Petroleum gases: $242.3 million (up 137.6%), Petroleum oil residues: $112.8 million (up 162.7%), Coal tar oils (high temperature distillation): $80.5 million (up 61.8%), Asphalt/petroleum bitumen mixes: $11 million (down -71%), Petroleum jelly, mineral waxes: $4.5 million (up 20.8%), Computers, optical readers: US$1.7 billion (up 24.8% from 2020), Machinery parts: $659.1 million (up 19.5%), Taps, valves, similar appliances: $520 million (up 9.6%), Transmission shafts, gears, clutches: $514 million (up 58.3%), Miscellaneous engines, motors: $458.4 million (up 92.3%), Engines (diesel): $363.8 million (up 22.4%), Centrifuges, filters and purifiers: $362.8 million (up 18.8%), Refrigerators, freezers: $357.2 million (up 20.3%), Piston engines: $345.6 million (up 34.9%), Heavy machinery (bulldozers, excavators, road rollers): $345.3 million (up 19.8%), Phone devices including smartphones: US$1.8 billion (up 9.7% from 2020), Integrated circuits/microassemblies: $801.4 million (up 106.8%), Electrical converters/power units: $676.6 million (up 25.5%), Insulated wire/cable: $633.2 million (up 20.7%), Electric storage batteries: $507.1 million (up 84.1%), TV receivers/monitors/projectors: $415.4 million (up 3.4%), Lower-voltage switches, fuses: $377.6 million (up 21.7%), Electrical/optical circuit boards, panels: $360.4 million (up 6.5%), Electric water heaters, hair dryers: $270.8 million (up 27%), Microphones/headphones/amplifiers: $205 million (down -1.3%), Cars: US$3.8 billion (up 22.4% from 2020), Automobile parts/accessories: $2.1 billion (up 24.1%), Public-transport vehicles: $101.8 million (up 115%), Bicycles, other non-motorized cycles: $91.3 million (up 14.6%), Motorcycle parts/accessories: $62 million (up 44.3%), Special purpose vehicles: $54.7 million (up 25.7%). 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. Finland-Russia In 2020, Finland exported $3.46B to Russia. Top 10 Finnish Imports from Russia. Russia has halted natural gas exports to neighboring Finland. The main products exported from Russia to Finland were Crude Petroleum ($2.73B), Nickel Mattes ($910M), and Refined Petroleum ($646M). Around 87% of all oil products and 100% of natural gas is imported from Russia. That same year, Finland ranked 11 in the Economic Complexity Index (ECI 1.47), and 42 in total exports ($67.5B). 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). Most energy products were imported from Russia, whose share of the value of imports was 54 per cent. During the last 25 years the exports of Russia to Finland have increased at an annualized rate of 5.14%, from $1.94B in 1995 to $6.81B in 2020. Overview In January 2022, Russia exported $1.05B and imported $258M from Finland, resulting in a positive trade balance of $790M. The measure taken by the Russian energy giant Gazprom was in line with an earlier announcement following Helsinki's refusal to pay for the gas in rubles as Russian President Vladimir Putin has demanded European countries do since Russia invaded Ukraine on Feb. 24. Similarly, the more yellow a dot/product is, the more Finland has comparative advantage over Russia. 2022 Data 2023 Forecast 1992-2021 Historical. The electricity sector in Finland relies on nuclear power, forest industry black liquor and wood consumption, cogeneration and electricity import from neighboring countries. Energy products were exported from Finland to the value of EUR 3.9 billion. Advanced users can use our Python/R/Matlab packages. In 2008 the consumption of electricity in Finland was 17 036 kWh/person.
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