What is the value of US trade with Finland?
Updated annually
$10.1 billion in imports and $4.51 billion in exports in 2024. That means that the US imported $5.6 billion more from Finland than we exported to it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$10.1B
Value of imports from Finland to the US (2024)
$4.51B
Value of exports from the US to Finland (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Finland as the US’ 50th top trading partner: In 2024, the US traded $14.6 billion in goods and services with Finland. Countries with similar trade values include Honduras ($15.8B) and Greece ($14B).
In 2024, the US traded $14.6 billion in goods and services with Finland.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US has had a trade deficit with Finland every year from 2012 through 2024. The 2024 deficit was $5.6 billion, a decrease from 2023's deficit of $4.59 billion.
The trade deficit with Finland increased to $5.6B in 2024.
Annual trade balance with Finland, not adjusted for inflation
In 2024, 80.5% of imports from Finland to the US were goods. The largest category was industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), accounting for $3.1 billion. The top three imports were industrial supplies and materials, capital goods (tools used for the production process, like machinery and equipment), and consumer goods (goods and services purchased by individuals for personal use, like clothing and cellphones). These categories accounted for $7.68 billion of total imports.
The other 19.5% were services, with business services being the largest service category. Business services (like R&D, consulting, and tech services) accounted for $588 million.
Industrial supplies and materials made up 30.6% of US imports from Finland in 2024.
US imports from Finland by category (2024)
In 2024, more US exports to Finland were goods — 57.9%. The largest export was industrial supplies and materials, which accounted for a value of $1.49 billion. The top three exports were industrial supplies and materials, capital goods, and other merchandise. These categories accounted for $2.43 billion of exports to Finland.
The other 42% were services, with business services being the largest service category. Business services accounted for $434 million.
Industrial supplies and materials made up 32.9% of US exports to Finland in 2024.
US exports to Finland by category (2024)
Keep exploring
Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
