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Finnish enterprises' turnover abroad close on EUR 237 billion in 2020

release 29/04/2022 | Finnish affiliates abroad 2020

According to Statistics Finland's data, Finnish enterprises had business activity in 5,360 affiliates located in 136 countries in 2020. Finnish enterprises abroad employed 584,500 persons. Over 60 % of the turnover of enterprises was generated in EU countries, that is, EUR 143 billion. EUR 5.4 billion was invested abroad. Of individual countries, most turnover was generated in Germany, as much as one-quarter of total turnover.

Five most significant countries measured by turnover in 2020. Germany turnover 61 million euros. Sweden turnover 40 million euros. United States turnover 25 million euros. China turnover 13 million euros. Norway turnover 11 million euros.

Key selections

Finnish enterprises' turnover abroad was close on EUR 237 billion in 2020.
Finnish enterprises abroad employed especially in EU countries in 2020.
Industry dominates the activities of Finnish enterprises abroad.

Statistics used in the release

Finnish affiliates abroad

Tables

See key statistical data in the tables.

29.04.2022

Finnish affiliates in EU countries in 2020

	Turnover (EUR million)	Number of employees	Personnel costs (EUR million)	Gross investments in tangible assets (EUR million)	Number of affiliates
EU countries (27, 2020-)	143,305.8	273,803	16,687.0	2,542.8	2,967
Netherlands	4,231.1	6,435	521.2	128.1	133
Belgium	1,293.0	4,828	428.6	38.4	44
Bulgaria	121.9	1,810	37.6	2.9	21
Spain	1,741.8	6,960	356.8	47.4	97
Ireland	268.5	1,392	68.2	5.2	18
Italy	2,242.9	7,789	535.1	63.2	89
Austria	1,450.9	5,122	390.4	41.2	42
Greece	148.8	1,173	56.8	1.3	9
Croatia	46.1	601	11.8	0.1	14
Cyprus	38.0	data subject to secrecy	5.3	data subject to secrecy	8
Latvia	1,248.6	7,050	202.7	24.0	154
Lithuania	2,191.6	11,882	260.6	76.8	153
Luxembourg	888.1	249	38.0	data subject to secrecy	22
Malta	214.4	data subject to secrecy	10.4	data subject to secrecy	7
Portugal	173.9	2,250	115.1	22.0	20
Poland	5,365.7	37,021	973.4	299.2	185
France	4,470.5	14,935	1,347.2	95.2	126
Romania	181.4	3,484	93.3	12.2	29
Sweden	40,445.7	71,375	5,492.0	831.0	728
Germany	60,705.3	34,497	2,875.5	559.4	312
Slovakia	350.1	2,164	67.7	27.0	28
Slovenia	107.4	964	27.5	1.9	17
Denmark	8,417.7	15,310	1,755.6	97.5	164
Czechia	1,362.2	8,148	247.3	25.8	59
Hungary	657.1	3,542	108.9	25.7	34
Estonia	4,943.2	24,646	660.1	117.1	454

29.04.2022

Finnish affiliates in European coutries outside EU in 2020

	Turnover (EUR million)	Number of employees	Personnel costs (EUR million)	Gross investments in tangible assets (EUR million)	Number of affiliates
Europe excl. EU countries (27, 2020-)	31,563.1	89,245	4,088.0	696.9	978
Azerbaijan	10.3	47	1.5	data subject to secrecy	4
United Kingdom	6,526.4	18,674	1,124.2	203.6	205
Iceland	10.6	43	4.2	data subject to secrecy	3
Serbia	98.0	1,875	19.7	12.6	10
Switzerland	5,279.5	5,306	350.4	60.0	39
Turkey	392.2	2,124	45.7	3.5	26
Ukraine	247.8	3,105	75.1	8.7	47
Belarus	100.7	852	9.4	8.9	14
Russian Federation	6,115.7	34,307	655.3	236.5	283

29.04.2022

Finnish affiliates in Asia and Oceania in 2020

	Turnover (EUR million)	Number of employees	Personnel costs (EUR million)	Gross investments in tangible assets (EUR million)	Number of affiliates
Asia and Oceania	28,602.9	134,671	3,922.5	936.7	804
United Arab Emirates	1,617.3	2,703	179.8	14.1	48
Australia	1,729.4	3,752	318.4	10.8	67
Bangladesh	14.8	306	7.4	data subject to secrecy	3
Philippines	109.9	1,386	28.4	1.7	11
Hong Kong	641.2	1,621	88.2	3.2	50
Indonesia	451.0	3,469	64.7	3.7	23
India	2,518.2	41,874	656.7	217.3	63
Israel	152.7	481	data subject to secrecy	0.4	4
Japan	1,652.9	1,769	172.7	10.3	42
Kazakstan	38.8	188	3.3	0.4	16
China	12,969.7	62,455	1,733.9	217.3	250
Korea, Republic of (South Korea)	672.5	1,214	87.7	4.6	23
Malaysia	348.0	2,734	67.0	6.2	31
Oman	18.1	188	5.0	data subject to secrecy	4
Qatar	66.0	358	7.4	0.3	6
Saudi Arabia	918.6	1,504	64.4	2.7	12
Singapore	3,308.2	2,584	212.2	430.0	65
Taiwan	460.2	931	48.9	1.5	13
Thailand	418.5	2,592	75.3	7.2	19
New Zealand	152.9	398	27.7	0.5	8
Viet Nam	87.4	949	17.0	2.9	15

29.04.2022

Finnish affiliates abroad by industry in 2020

	Number of employees	Personnel costs (EUR million)	Gross investments in tangible assets (EUR million)	Turnover (EUR million)	Number of affiliates
Primary production, mining and quarrying (A and B)	2,389	105.8	152.8	2,003.1	50
Manufacturing (C)	384,602	18,702.7	3,174.9	99,848.3	2,082
Electricity, gas and water supply (D and E)	19,378	1,164.9	1,102.5	62,335.6	168
Construction (F)	21,163	1,179.9	54.0	3,861.2	195
Wholesale and retail trade (G)	46,425	2,370.7	318.7	33,055.2	1,127
Transportation and storage (H)	5,345	153.3	79.2	734.4	100
Accommodation and food service activities (I)	1,668	39.8	12.4	202.3	140
Information and communication (J)	36,148	2,208.1	71.0	5,149.3	496
Financial and insurance activities (K)	35,521	3,417.3	191.8	23,354.5	220
Real estate activities, professional, scientific and technical activities, administrative and support service activities (L, M and N)	30,935	1,454.7	238.5	6,229.1	749
Education, human health and social work activities, arts, entertainment and recreation, other service activities (P, Q, R and S)	940	41.9	0.6	221.2	32

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