With its large free open market and well industrialized sector, Finland is a well developed trading economy with a large part contributed by its manufacturing units. Finnish trade accounts for over one-third of its GDP. The nation’s trade is dominated by high tech products, such as mobile phones. However, as is the case with the manufacturing economy, Finland imports high amounts of raw materials and components for its manufactured goods.
According to the 2009 estimates, Finland´s exports were recorded at $57.88 billion. The figures, however, experienced shrinkage from the earlier figure of $ 96.62 billion (2008) and the economy was able to sustain itself through the recession. The country ranked 40th in the world, in terms of export volumes.
Finland´s main exports commodities are:
- Electrical and optical equipment
- Transport equipment
- Paper and pulp
- Basic metals
Electronics dominated the exports, according for almost 23.3% of the total export volume, followed by chemical industry products at 15.9%, and machinery and equipments at 14.3% (2008 )
The major Finland export partners are:
- The Netherlands