Finland in Northern Europe is a growing economy with a plethora of import and export trades serving the country’s upward trend in economic growth. The country occupying a land area of 338,424 square kilometers has its borders with Norway to the north, Russia to the east, and Sweden to the west. The complex history of the Republic of Finland is mainly shaped by its geographical location; The Swedish Kingdom and its rulers are the ones behind the cultural ethnicity of the place. The rapidly growing economy of the nation mainly relies on the mechanical and textile industry.
According to the Finland Customs Data, the economy of the nation has recorded an upward hike from the past few consecutive years which is mainly because of the attributing factors like Technological Innovation, Clean Energy and Sustainability, High-Quality Manufacturing and Exports, Geopolitical Location, Advanced Logistics and Infrastructure, Highly Educated Workforce, Natural Resources, and Strong Trade Relations and EU Membership. All these factors accounting for the growing economy of the nation have made the country record a GDP of 298 billion US dollars in 2023 with a significant import value of 95 billion US dollars in 2023.