FINLAND-U.S. ECONOMIC
DEEP DIVE 2025

Annual Survey of Jobs, Trade and Investment between Finland and the United States

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Finland–U.S. Trade Remains Robust

Finland–U.S. Trade Remains Robust
  • The U.S. remains Finland’s largest export market, with Finnish goods exports to the U.S. doubling and service exports tripling over the past decade (2014–2024). Key categories of goods exported from Finland to the U.S. include capital goods such as machinery and equipment, as well as metal, forestry, and chemical industry products.
  • In 2024, Finland’s service exports to the U.S. increased by EUR 1 billion or 18.3% from the previous year to EUR 6 billion, driven by ICT services and intellectual property and accounting for 16% of Finland’s total service exports.
  • The U.S. and Europe are each other’s primary source and destination for foreign direct investment (FDI), reinforcing the strength of their economic ties.
  • S. companies employed 30,475 people in Finland in 2023, a 13% increase from two years earlier. Correspondingly, Finnish companies employed 39,600 people in the U.S. in 2022.
  • The U.S. is Finland’s second-largest foreign affiliate employer, following Sweden. U.S. companies are also the second-largest investors in Finland, accounting for €12.5 billion or 15% of the total FDI in 2023.
  • Finland’s FDI in the U.S. nearly tripled to EUR 15.8 billion in 2023 from the previous year.
  • The report highlights the mutually strategic importance of transatlantic trade and investment in the context of escalating geopolitical tensions. As U.S. and European firms continue to invest heavily in each other’s markets, they are increasingly turning to these relationships to de-risk from dependencies on China, Russia, and other geopolitically distant regions.
  • By de-risking together, U.S. and European partners strengthen supply chain resilience, while trade barriers directly undermine this effort and could increase Europe’s dependence on China and Russia for essential resources.
  • Transatlantic commerce surpassed USD 2 trillion, with the U.S.–EU goods exchange exceeding U.S.–China trade by 60% and EU–China goods trade by 20%, underscoring the continued primacy of the transatlantic relationship.
  • Both the U.S. and the EU are global leaders in cleantech investment, together accounting for 64% of global cleantech venture capital, far outpacing China’s 14% share. Four EU countries, including Finland, exceed the U.S. in per-capita cleantech investment.
  • The report warns that an escalating trade war would harm both the U.S. and Finnish economies, deteriorating living standards on both sides of the Atlantic and impeding the growth opportunities that have long defined their relationship.
  • Potential trade barriers between the U.S. and EU would create significant exposure for Finland due to its increased foreign trade with the U.S. Beyond direct tariffs, indirect effects such as foreign exchange fluctuations and heightened uncertainty would impact Finland’s economy.
  • However, the report emphasizes the resilience and adaptability of the Finland–U.S. economic partnership, built on strong bilateral ties and complementary strengths.

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Transatlantic Opportunity 2025

The Transatlantic Economy 2025

The transatlantic relationship is the most mutually beneficial on earth. While the $9.5 trillion Europe-US economy faces several hurdles in 2025, from trade disputes to challenges from China, it does so with strong momentum following a year marked by all-time highs.

Even in testing times, the Europe and the US remain each other’s most important markets and geo-economic base.

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For more information contact:

Hanh Nguyen

Director of Digital & Communications

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