Finland struggling to defend its market share on rapidly expanding markets

Abstract

The global market share of Finnish exports has been declining continuously ever since the financial crisis. While Finland’s export markets expanded by 17% in the years 2008–2015, Finnish exports contracted by 12% over the same period. The loss of market share partly reflects a phenomenon common to the advanced economies. Emerging economies have gained a stronger foothold in the global economy since the 1990s, which has eroded the advanced economies’ relative share of world trade.