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Trade between Finland and India

In 2024, Finland exported $798 million to India and imported $711 million. Finland ran a surplus of $86 million with India, compared with a surplus of $237 million in 2019. India was Finland’s 24th largest trading partner (1% of its trade), and Finland was India’s 70th (0.1%).

Summary

Finland → India
$798million
India → Finland
$711million
Finland’s balance
$86million

Balance

Finland’s trade balance with India

Trade between Finland and India grew 5-fold since 1995

USD billions (current). Finland’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.8
  • Imports 0.7
  • Balance +0.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$225 million$76 million$149 million
1996$231 million$86 million$146 million
1997$266 million$86 million$180 million
1998$210 million$91 million$119 million
1999$179 million$84 million$96 million
2000$261 million$86 million$174 million
2001$211 million$102 million$108 million
2002$208 million$98 million$110 million
2003$286 million$129 million$157 million
2004$407 million$171 million$236 million
2005$441 million$198 million$243 million
2006$649 million$229 million$421 million
2007$761 million$297 million$463 million
2008$801 million$373 million$428 million
2009$1.1 billion$341 million$799 million
2010$1.3 billion$491 million$762 million
2011$1.7 billion$854 million$803 million
2012$1.2 billion$476 million$679 million
2013$859 million$710 million$149 million
2014$913 million$505 million$408 million
2015$834 million$356 million$478 million
2016$864 million$365 million$499 million
2017$746 million$415 million$331 million
2018$930 million$426 million$504 million
2019$628 million$391 million$237 million
2020$648 million$407 million$241 million
2021$708 million$492 million$216 million
2022$1.4 billion$672 million$756 million
2023$984 million$779 million$205 million
2024$798 million$711 million$86 million

What they sell each other

What Finland sells to India

The top 10 headings in 2024, with their share of the total.

  1. Coated paper$47 million · 6%
    51 thousand tonnes
  2. Pulp and papermaking machinery$44 million · 5.5%
    897 tonnes
  3. Transformers and power supplies$37 million · 4.7%
    951 tonnes
  4. Microchips$36 million · 4.5%
    22 tonnes · India’s sources
  5. Metal rolling mills$30 million · 3.7%
    747 tonnes
  6. Unwrought nickel$28 million · 3.6%
    2 thousand tonnes
  7. Cellulose derivatives$27 million · 3.4%
    5 thousand tonnes
  8. Aluminum scrap$27 million · 3.4%
    15 thousand tonnes
  9. Earthmoving and drilling machines$24 million · 3%
    1 thousand tonnes
  10. Electric motors and generators$24 million · 3%
    2 thousand tonnes

What India sells to Finland

The top 10 headings in 2024, with their share of the total.

  1. Other engines and motors$110 million · 15.4%
    12 thousand tonnes
  2. Medicines in measured doses or retail packs$79 million · 11.1%
    798 tonnes · India’s destinations
  3. Refined petroleum$36 million · 5.1%
    18 thousand tonnes · India’s destinations
  4. Generating sets$35 million · 4.9%
    4 thousand tonnes
  5. Cargo and cruise ships$34 million · 4.8%
    1 thousand tonnes · India’s destinations
  6. Motor and generator parts$20 million · 2.8%
    10 thousand tonnes
  7. Sorting and crushing machines$17 million · 2.5%
    3 thousand tonnes
  8. New tires$17 million · 2.5%
    4 thousand tonnes · India’s destinations
  9. Transformers and power supplies$16 million · 2.3%
    2 thousand tonnes
  10. Other iron or steel articles$14 million · 2%
    3 thousand tonnes

How it travels

Estimated sea route from Helsinki to Nhava Sheva (Mumbai).

The estimated sea route between Helsinki and Nhava Sheva (Mumbai) is 12,172 nautical miles (22,543 km) long: ≈ 28–36 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Øresund, the Strait of Dover and the Cape of Good Hope (12,172 nautical miles); and 15% via the Øresund, the Strait of Dover, the Strait of Gibraltar, the Suez Canal and the Bab-el-Mandeb Strait (7,674 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.1 billion · 73.9%
  2. Air$394 million · 26.1%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

India was Finland’s 24th largest trading partner (1% of its trade), and Finland was India’s 70th (0.1%).

India in Finland’s trade
1%
India’s rank among Finland’s partners
24th
Finland in India’s trade
0.1%
Finland’s rank among India’s partners
70th

Compare with

Other partners of Finland

Other partners of India

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.