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How dependent is Finland on Sweden?

In 2024, Sweden sold $8.7 billion to Finland, 11.4% of its imports, ranking 2nd among its suppliers. Its share was 11.2% in 2019 and 12% in 1995. In 24 products it sells more than 50% of what Finland buys of them (in 15, more than 75%); what Finland buys from Sweden in those products (dominated value) adds up to $1.3 billion, 1.7% of its imports.

Summary

Share of its imports
11.4%
Value imported
$8.7billion
Rank among its suppliers
2nd
Products where it sells over 50%
24
Products where it sells over 75%
15
Dominated value
$1.3billion
Share of total imports
1.7%

Trend

Trend in shares

Sweden went from 12% to 11.4% of what Finland buys

Share (%)

  • Sweden 11.4%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19953,53912%2
19963,80111.9%2
19973,88612.3%2
19983,94912%2
19993,62911.3%2
20003,76411%2
20013,60010.6%2
20023,80111.1%2
20034,55410.8%3
20045,32510.4%3
20056,06610.3%3
20066,5919.4%3
20077,8029.7%3
20088,6839.5%3
20095,6179.6%3
20106,5469.6%3
201111,20413.7%2
20127,85910.6%3
20138,59811.4%3
20148,30711.3%3
20156,38011.3%2
20166,40811.1%3
20177,33310.9%3
20188,05810.9%3
20197,84911.2%3
20207,23211.2%2
20219,36611.6%3
202212,10212.8%2
20239,48911.6%2
20248,74311.4%2

Products where Sweden sells more than half

ProductSupplierShareSecondValue
Unrefined copperSweden100%over 75%United States · 0.01%$481 million
ElectricitySweden87.3%over 75%Estonia · 11.2%$346 million
Iron oreSweden83.2%over 75%Ukraine · 14.3%$311 million
Kraft paper and paperboardSweden79.3%over 75%Netherlands · 5%$54 million
NewsprintSweden79.7%over 75%Norway · 13%$22 million
Writing and printing paperSweden52.3%Germany · 17.2%$14 million
Semi-finished steelSweden80.5%over 75%Denmark · 5.5%$13 million
Stainless steel wireSweden62.2%Germany · 12.5%$11 million
Cellulose derivativesSweden54.5%Germany · 14.8%$10 million
Aluminum scrapSweden81.2%over 75%Estonia · 16%$8 million
Chassis with enginesSweden57%Germany · 21%$6 million
Limestone for lime and cementSweden75.7%over 75%Norway · 13.6%$6 million
Sulfuric acidSweden92%over 75%Netherlands · 5.5%$5 million
Live poultrySweden85.2%over 75%Netherlands · 5%$5 million
Hydrogen peroxideSweden78.9%over 75%Belgium · 8.2%$3 million
Printed calendars of any kindSweden54%Switzerland · 12.6%$3 million
Sulfite wood pulpSweden76.2%over 75%Germany · 17%$3 million
Precious metal compoundsSweden77.5%over 75%Japan · 5.9%$2 million
Finished cattle leatherSweden89.7%over 75%Estonia · 4.9%$2 million
Multilayer paper and paperboardSweden53.8%Netherlands · 26.8%$1 million
Magnesium hydroxide and peroxide; strontium and barium oxidesSweden79.8%over 75%Germany · 4.3%$1 million
Plant waste for animal feedSweden50.3%Estonia · 18%$1 million
Nickel plates, sheets and foilSweden62.8%Germany · 14.5%$1 million
Bran and milling residuesSweden51.9%Poland · 24.3%$960 thousand

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Sweden

Finland is Sweden’s 7th-largest customer, with 4.8% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.