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Trade between Finland and South Korea

In 2024, Finland exported $847 million to South Korea and imported $775 million. Finland ran a surplus of $72 million with South Korea, compared with a surplus of $333 million in 2019. South Korea was Finland’s 23rd largest trading partner (1% of its trade), and Finland was South Korea’s 61st (0.1%).

Summary

Finland → South Korea
$847million
South Korea → Finland
$775million
Finland’s balance
$72million

Balance

Finland’s trade balance with South Korea

Trade between Finland and South Korea grew 2-fold since 1995

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

  • Exports 0.8
  • Imports 0.8
  • Balance +0.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$587 million$214 million$373 million
1996$670 million$199 million$471 million
1997$532 million$224 million$308 million
1998$358 million$246 million$112 million
1999$335 million$299 million$37 million
2000$429 million$438 million-$9 million
2001$394 million$369 million$25 million
2002$437 million$282 million$155 million
2003$416 million$469 million-$53 million
2004$448 million$630 million-$182 million
2005$642 million$1 billion-$364 million
2006$510 million$1.2 billion-$655 million
2007$971 million$1.5 billion-$553 million
2008$1 billion$2.3 billion-$1.3 billion
2009$853 million$713 million$140 million
2010$1 billion$626 million$384 million
2011$943 million$691 million$252 million
2012$1.1 billion$1.1 billion-$56 million
2013$1.3 billion$595 million$730 million
2014$1.4 billion$612 million$806 million
2015$1.1 billion$545 million$518 million
2016$927 million$595 million$332 million
2017$959 million$762 million$197 million
2018$1.1 billion$889 million$232 million
2019$1.1 billion$770 million$333 million
2020$843 million$528 million$314 million
2021$872 million$780 million$92 million
2022$1.1 billion$718 million$393 million
2023$955 million$839 million$116 million
2024$847 million$775 million$72 million

What they sell each other

What Finland sells to South Korea

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

  1. Lithium hydroxide and other metal oxides$53 million · 6.2%
    3 thousand tonnes
  2. Electric motors and generators$51 million · 6.1%
    2 thousand tonnes
  3. Transformers and power supplies$46 million · 5.4%
    1 thousand tonnes
  4. Unwrought nickel$45 million · 5.3%
    3 thousand tonnes
  5. Chemical wood pulp$39 million · 4.6%
    58 thousand tonnes · Finland’s destinations
  6. Generating sets$34 million · 4%
    2 thousand tonnes
  7. Diesel engines$32 million · 3.7%
    1 thousand tonnes
  8. Sulfates and alums$29 million · 3.5%
    8 thousand tonnes
  9. Water heaters and industrial dryers$25 million · 3%
    290 tonnes
  10. Other inorganic compounds$25 million · 2.9%
    2 thousand tonnes

What South Korea sells to Finland

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

  1. Cars$146 million · 18.8%
    8 thousand tonnes · South Korea’s destinations
  2. Batteries$127 million · 16.4%
    4 thousand tonnes · South Korea’s destinations
  3. Microchips$52 million · 6.7%
    12 tonnes · South Korea’s destinations
  4. Vaccines, blood and antisera$47 million · 6.1%
    16 tonnes · South Korea’s destinations
  5. Military weapons$45 million · 5.8%
    688 tonnes
  6. Refined petroleum$31 million · 4%
    14 thousand tonnes · South Korea’s destinations
  7. Bulldozers and excavators$29 million · 3.8%
    4 thousand tonnes · South Korea’s destinations
  8. Transformers and power supplies$20 million · 2.5%
    1 thousand tonnes
  9. Makeup and skin care$19 million · 2.4%
    456 tonnes · South Korea’s destinations
  10. Sulfates and alums$19 million · 2.4%
    5 thousand tonnes

How it travels

Estimated sea route from Helsinki to Busan.

The estimated sea route between Helsinki and Busan is 15,652 nautical miles (28,987 km) long: ≈ 36–46.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Øresund, the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (15,652 nautical miles); and 15% via the Øresund, the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (12,131 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 · 68.2%
  2. Air$516 million · 31.8%

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

How much each matters to the other

South Korea was Finland’s 23rd largest trading partner (1% of its trade), and Finland was South Korea’s 61st (0.1%).

South Korea in Finland’s trade
1%
South Korea’s rank among Finland’s partners
23rd
Finland in South Korea’s trade
0.1%
Finland’s rank among South Korea’s partners
61st

Compare with

Other partners of Finland

Other partners of South Korea

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.