India’s trade with Finland saw a significant 19% increase in bilateral trade during April–December of FY26 compared to the previous year. This surge, described as a new phase of momentum and structural realignment, was primarily driven by a rise in exports, which grew by 11% year-on-year during the same period. The report from Rubix Data Sciences emphasized the importance of this growth, especially as both governments aim to double the trade volume.
Exports from India to Finland notably increased from $300 million in FY22 to $600 million in FY24, showcasing a positive trend in outbound shipments. Additionally, imports from Finland, which had previously remained relatively stable at $800–900 million between FY22 and FY25, experienced a notable 24% year-on-year increase during the same period. This surge in imports reflects a heightened demand for Finnish industrial and technology inputs in the Indian market.
The trade deficit between India and Finland has shown signs of narrowing in recent years, reaching a range of $300–400 million. This shift indicates a more balanced trade position between the two countries. The report also highlighted significant changes in India’s export basket, with heterocyclic compounds emerging as the largest export category, jumping from 1% to 28%. Passenger and cargo vessels also saw a rise to 10%, while pharma products moderated from 18% to 12%.
