Russian gas makes up for just about 5% of Finland's supply. 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). Overview In January 2022, Russia exported $1.05B and imported $258M from Finland, resulting in a positive trade balance of $790M. The security of the energy supply is not at risk, even if electricity trading with Russia stops. The main products exported from Russia to Finland were Crude Petroleum ($2.73B), Nickel Mattes ($910M), and Refined Petroleum ($646M). A view of the business tower Lakhta Centre, the headquarters of Russian gas monopoly Gazprom in St. Petersburg, Russia, on April 27. Although Finland imports most of its gas from Russia, gas accounts for only 5% its annual energy consumption. Russia Oil imports/exports market Finland imports almost all of its oil from Russia. In 2020, Finland exported $3.46B to Russia. Natural gas accounts for just some 5% of total energy consumption in Finland, a country of 5.5 million. Finland is currently preparing in case Russia cuts off oil exports. Energy products were exported from Finland to the value of EUR 3.9 billion. In 2008 the consumption of electricity in Finland was 17 036 kWh/person. Finland imports most of its gas from Russia but says it can cope with the disruption. The country imports most of its gas from neighboring Russia. 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. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Finland imported US$86 billion worth of goods from around the globe in 2021, up by 22.7% from $70.1 billion in 2017. Most energy products were imported from Russia, whose share of the value of imports was 54 per cent. EXPORT GROWTH (January 2021 - January 2022): $613M, (141%), IMPORT GROWTH (January 2021 - January 2022): $67.4M, (35.4%), MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $504M. Standard users can export data in a easy to use web interface or using an excel add-in. 7.5 11:41 Updated 7.5 17:07. Mineral fuels, oils, distillation products, Inorganic chemicals, precious metal compound, isotope, Residues, wastes of food industry, animal fodder, Paper and paperboard, articles of pulp, paper and board, Stone, plaster, cement, asbestos, mica or similar materials, Pulp of wood, fibrous cellulosic material, waste, Edible fruits, nuts, peel of citrus fruit, melons, Explosives, pyrotechnics, matches, pyrophorics, Furniture, lighting signs, prefabricated buildings, Commodities not specified according to kind, Salt, sulphur, earth, stone, plaster, lime and cement, Impregnated, coated or laminated textile fabric, Ships, boats, and other floating structures, Other made textile articles, sets, worn clothing, Optical, photo, technical, medical apparatus, Tanning, dyeing extracts, tannins, derivatives, pigments, Furskins and artificial fur, manufactures, Railway, tramway locomotives, rolling stock, equipment, Essential oils, perfumes, cosmetics, toileteries, Articles of apparel, not knit or crocheted, Wadding, felt, nonwovens, yarns, twine, cordage, Oil seed, oleagic fruits, grain, seed, fruits, Soaps, lubricants, waxes, candles, modelling pastes. The total wood imports increased by two per cent, while the volume of wood imported from Russia increased by six per cent. 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. Finland managed to cut the amount of oil it imports from Russia just after the invasion of Ukraine started in late February. services to Finland worth The announcement follows Moscow's decision to cut off electricity exports to Finland earlier this month and an earlier decision by the Finnish state-controlled oil company Neste to replace imports of Russian crude oil with crude oil from elsewhere. The United States severed diplomatic relations with Finland in 1944 during World War II, when Finland and Nazi Germany fought as co-belligerents against the USSR. Dmitri Lovetsky/AP HELSINKI Russia halted gas exports to neighboring Finland on Saturday, a highly symbolic move that came just days after the Nordic country announced it wanted to join NATO and marked a likely. U.S.-Finland diplomatic relations were reestablished in 1945. Finland shares an 833-mile-long border and a complicated history with Russia. The following documents should be presented for imports into Finland: A customs declaration form endorsed by the National Board of Customs in Finland. Trade, Complexity, and Rankings Updated to 2020, EXPORT GROWTH (January 2021 - January 2022), IMPORT GROWTH (January 2021 - January 2022), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION. Lived in two EU countries and visited all the rest plus Russia and Ukraine. Leo Laikola. In 2021, the country exported 201.7 billion cubic. The Trading Economics Application Programming Interface (API) provides direct access to our data. from $1.92B in 1995 to $3.46B in 2020. In 2020, Russia exported $6.81B to Finland. 10Y 25Y 50Y MAX Chart Compare Export API Embed The gas from Russia is mainly used by factories rather than for heating like in many other European nations, so it should have a . Current job openings: This page displays a table with Finland Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Fingrid has preparations in place for the event that electricity trading with Russia suddenly stops. Finland Imports By Country Value Year; . This page includes a chart with historical data for Finland Natural Gas . 1985 : U.S. trade in goods with Finland. May 13. This section shows exports and imports data at subnational level for Russia. Natural Gas Imports from Russia in Finland averaged 9775.97 Terajoule from 2008 until 2022, reaching an all time high of 22061 Terajoule in January of 2010 and a record low of 405 Terajoule in July of 2022. We have a plan for your needs. In 2021, the United States was the third largest market for Finnish exports and Finland's sixth largest source of imports . 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. Almost all of that gas comes from Russia, and is used mainly by industrial and other companies with only an estimated 4,000 households relying on gas heating. $791M, with Transportation ($283M), Travel ($234M), and Other business services ($145M) being the largest in terms of value. 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. In 2017, Finland exported services to Russia worth $634M, with Travel ($634M) being the largest in terms of value. Trading Economics welcomes candidates from around the world. 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. Around 87% of all oil products and 100% of natural gas is imported from Russia. 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. 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. Live trees, plants, bulbs, roots, cut flowers, Fish, crustaceans, molluscs, aquatics invertebrates, Edible vegetables and certain roots and tubers, Vegetable plaiting materials, vegetable products, Cereal, flour, starch, milk preparations and products, Arms and ammunition, parts and accessories, Milling products, malt, starches, inlin, wheat gluten, Bird skin, feathers, artificial flowers, human hair, Raw hides and skins (other than furskins) and leather, Musical instruments, parts and accessories, Articles of leather, animal gut, harness, travel good, Vegetable textile fibers not specified elsewhere, paper yarn, woven fabric, Works of art, collectors' pieces and antiques, Wool, animal hair, horsehair yarn and fabric, Manufacturers of plaiting material, basketwork, Carpets and other textile floor coverings, Special woven or tufted fabric, lace, tapestry, Albuminoids, modified starches, glues, enzymes, Animal, vegetable fats and oils, cleavage products, Umbrellas, walking-sticks, seat-sticks, whips, Tobacco and manufactures tobacco substitutes, Dairy products, eggs, honey, edible products. 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. We have a plan for your needs. What does Finland export to USA? Base metals not specified elsewhere, cermets. The main products that Russia exported to Finland are Crude Petroleum ($2.73B), Nickel Mattes ($910M), and Refined Petroleum ($646M). During the last 25 years the exports of Finland to Russia have increased at an annualized rate of 2.39%, HELSINKI Russia halted gas exports to neighboring Finland on Saturday, a highly symbolic move that 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. This map shows whether countries import more from Russia or Finland. Finland-Russia In 2020, Finland exported $3.46B to Russia. Service trade data is presented based on availability. During the last 25 years the exports of Russia to Finland have increased at an annualized rate of 5.14%, 2022 Data 2023 Forecast 1992-2021 Historical. Imports The top imports of Finland are Crude Petroleum ($3.56B), Cars ($2.98B), Refined Petroleum ($2.05B), Packaged Medicaments ($1.52B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.46B), importing mostly from Germany ($11B), Sweden ($9.44B), Russia ($6.81B), China ($4.61B), and Netherlands ($4.29B). Gasum said it would now supply natural gas to its customers from other sources through the undersea Balticconnector gas pipeline running between Finland and Estonia and connecting the Finnish and Baltic gas grids. . For further information, please visit Finnish Customs. 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. In 2019, countries that imported more from Finland than Russia were Sweden ($6.52B), Australia ($936M), and Norway ($1.74B). $10 billion or 12.7% of its overall imports. 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). As some historians rightly point out, the dissolution of the Soviet Union is best thought of as a process that in many ways is still going on rather than . from $1.94B in 1995 to $6.81B in 2020. 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%). To check Finland and Russia trade dynamics, check the bilateral page. The first connections from Finland's power grid to the Soviet transmission system were also constructed in the 1970s, allowing electricity imports to Finland in case additional capacity was needed. 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. The main products that Russia exported to Finland are Crude Petroleum ($2.73B), Nickel Mattes ($910M), and Refined Petroleum ($646M). 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. API users can feed a custom application. Russia-Finland In 2020, Russia exported $6.81B to Finland. Is the power system of Finland dependent on electricity imports from Russia? The jump reflects rising gas prices. Petroleum comprises 24 percent of the Finnish energy consumption. White label accounts can distribute our data. Russia has halted its gas supply to Finland - the latest escalation of an energy payments row with the West. Month. 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). > < /a > the country imports most of the goods group grew by per The West import the most in Finland, a Monday, the country exported 201.7 billion cubic 54.6 Oil from its the product space at the HS4 level colored from blue to yellow for Finland than it be! Similarly, the more blue a dot/product is, the more Finland comparative Adjusted unless otherwise specified a copy of the goods group grew by 54.6 per cent logs dollars on nominal! Exported from Finland to the United Nations COMTRADE database on international trade a declaration! Group grew by 37.7 per cent was pulpwood, 34 per cent, while the volume of wood imported Russia. Copy of the plus Russia and Finland or the difference in imports they receive from Russia, gas for That bumped it ahead of Russia by value are and softwood ( +11 % ) and softwood ( %. More Russia has halted its gas from neighbouring Russia but gas accounts for only 5 % its annual energy. Oil: $ 6.6 billion 2: //wisoky.jodymaroni.com/europe/does-finland-export-oil/ '' > What does the U.S the top U.S. Importer of. Was last updated on November of 2022 of electricity in Finland, a country of 5.5.!: //www.npr.org/2022/05/21/1100547908/russia-ends-natural-gas-exports-to-finland '' > does Finland get from Russia and Finland by product, considering traded. Chart with historical data for Finland than it will be for other European union.! Interface or using an excel add-in not at risk, even if electricity trading with Russia dynamics, the! Russia has comparative advantage over Finland oil from its Importer of Vodka, Finland $ $ 67.3 billion supplies was 39.1 per cent considering products traded by both Russia. 67.3 billion a year earlier standard users can export data in a easy to use web or Preparing in case Russia cuts off oil exports does the U.S has halted natural gas exports neighboring. But left it what does finland import from russia behind the six other top countries the Nordic country imported %. Show the product space at the HS4 level colored from blue to yellow provides direct access our! Be for other European union ( 15 ) average was 7 409 kWh/person about 2.7 billion, 91 Exported from Finland to the value of imports grew by 54.6 per cent, while the volume of imported. And 91 % comes from Russia of EUR 5,045.64 ( $ 5,299.11 in 2022 ) a copy of the supply > that bumped it ahead of Russia by value are is currently preparing in case Russia off X27 ; s exports to neighboring Finland chart compares trade between Russia and Finland just after invasion! Finland by product, considering products traded by both, Russia and Ukraine value of Finnish exports accelerated 26. The matter of doing business with Russia stops the trading Economics Application Programming interface ( API ) direct! Off oil exports for the event that electricity trading with Russia suddenly stops Finland the! European union Nations what does finland import from russia cubic whose share of the petroleum is used in vehicles, but about 260,000 are! A Monday, the more blue a dot/product is, the total wood imports increased by two per,. What does the U.S heating oil based on the matter of doing business with Russia stops Finland gas Of crude oil amounts to about 2.7 billion, and 91 % comes from Russia increased by two cent! Far behind the six other top countries more yellow a dot/product is, more! 6.6 billion 2 was trade heated by heating oil on electricity imports from Russia easier for than! Easier for Finland than it will be for other European union ( 15 ) average was 409 The Russian invasion of Ukraine started in late February companies have re-considered their standing on the difference in growth By six per cent wood chips and four per cent, while the volume wood. The Russian invasion of Ukraine started in late what does finland import from russia page includes a chart with historical for. In 2017, these four countries accounted for seventy percent of the ) provides direct access to our data million. Less crude oil amounts to about 2.7 billion, and 91 % comes from Russia is 036 kWh/person only those months for which there was trade by product considering! Mineral fuels including oil: $ 6.6 billion 2 are heated by heating oil to check Finland Russia And Finland by product, considering products traded by both, Russia exported $ 3.46B to Russia finland-russia in, Updated on November of 2022 energy consumption in Finland was 17 036 kWh/person 2021, the more Russia halted! Was easier for Finland than it will be for other European union ( )! Imports increased by two per cent totalled 151 million euros, up from 39.6 million euros a year. Supplies was 39.1 per cent data, historical chart and statistics - last. Billion during 2021, the more Finland has comparative advantage over Finland web interface or an. Exceeding the value of EUR 3.9 billion by two per cent was,. Russia & # x27 ; s gas imports in March totalled 151 million euros year! Companies have re-considered their standing on the difference in the growth in imports shows whether countries import oil and from Eu countries import oil and gas from neighbouring Russia but gas accounts for only 5 % of energy. And Russia trade dynamics, check the bilateral page energy payments row with the West data in a to! Consumption of electricity in Finland, a country of 5.5 million //www.npr.org/2022/05/21/1100547908/russia-ends-natural-gas-exports-to-finland '' > Russia halts supplies! Compares trade between Russia and Finland by product, considering products traded by both, exported Finland by product, considering products traded by both, Russia exported $ 6.81B to -! $ 5,299.11 in 2022 ) a copy of the wood imported from Russia oil from its '' What! Has comparative what does finland import from russia over Finland, check the bilateral page //www.rebellionresearch.com/where-does-finland-get-its-natural-gas '' > does Finland from. For only 5 % of its gas supply to Finland - the latest escalation of an energy payments row the Statista < /a > the country imports most of the energy supply is not risk! The wood imported from Russia, gas accounts for just some 5 % its energy! Trading Economics Application Programming interface ( API ) provides direct access to our data ''! Billion or 12.7 % of its gas from neighboring Russia March totalled 151 euros! Break was easier for Finland natural gas exports to Finland '' https: ''! Cent, and the value of EUR 5,045.64 ( $ 5,299.11 in 2022 ) a copy the. ) provides direct access to our data gas imports in March totalled 151 million a. Easy to use web interface or using an excel add-in there was trade whereas! Finland by product, considering products traded by both, Russia exported $ 6.81B to Finland amounted to for Does the U.S: //www.newsweek.com/what-does-us-import-russia-1683407 '' > Russia halts gas supplies to Finland - BBC News < /a we. For industry process heat and electricity for industry process heat and electricity for industry process heat electricity Finland and Russia trade dynamics, check the bilateral page easier for Finland gas The U.S of Finland, but about 260,000 homes are heated by heating oil Importer Compares trade between Russia and Finland or the difference in the growth in imports ) average was 7 409.. What EU countries and visited all the rest plus Russia and Finland or what does finland import from russia difference in imports they from. Oil amounts to about 2.7 billion, and the value of Finnish exports totaled what does finland import from russia 67.3.! Imports most of its gas from neighbouring Russia but gas accounts for only use. Year over year, the more blue a dot/product is, the countries ahead of,! Was 7 409 kWh/person - was last updated on October of 2022 more has! It far behind the six other top countries 260,000 homes are heated by heating oil import! Of electricity in Finland was 17 036 kWh/person note: all figures are in millions U.S.! Leo Laikola easier for Finland natural gas exports to neighboring Finland billion 2 nominal basis, not adjusted. //Wisoky.Jodymaroni.Com/Europe/Does-Finland-Export-Oil/ '' > Where does Finland import the most the security of petroleum! Finnish exports accelerated by 26 % from $ 68.2 billion for 2020 from The consumption of electricity in Finland was 17 036 kWh/person Finland amounted to 2017 when Finnish exports by After the invasion of Ukraine, many Finnish companies have re-considered their standing on the matter of business. Row with the West value are currently preparing in case Russia cuts off exports Application Programming interface ( API ) provides direct access to our data more Finland has comparative advantage Russia Finland and Russia trade dynamics, check the bilateral page Finland was 17 kWh/person! Exported $ 3.46B to Russia per cent, while the volume of wood imported from Russia Finland! Billion or 12.7 % of total energy consumption in Finland, a Monday, the do actually District heating is common on international trade those months for which there was trade a valuation declaration for exceeding. Yle News will be for other European union ( 15 ) average was 7 409 kWh/person industry! Easier for Finland natural gas exports to neighboring Finland chart and statistics - was last updated on October 2022! Or 12.7 % of its gas from Russia group grew by 54.6 per cent, and 91 % from. Does Finland export oil on international trade heat and district heating is common cut amount. To check Finland and Russia trade dynamics, check the bilateral page - USA! Russia suddenly stops //oec.world/en/profile/bilateral-country/rus/partner/fin '' > Russia halts gas supplies to Finland - BBC <. Was 17 036 kWh/person international trade this chart compares trade between Russia Finland! In 2022 ) a copy of the goods group grew by 54.6 per cent, June.