About the industry
The chemical industry is one of the most significant industrial sectors in Finland. It makes for about a fifth of Finland’s industrial manufacturing and export and employs directly, indirectly and through revenue effects around 100 000 people.
The chemical industry has a significant impact on the well-being of Finns through job creation, tax revenue, and generated value-added, both directly and indirectly, as well as through income effects:
- 10 jobs in the chemical industry create 18 jobs elsewhere in the economy
- Three jobs in the chemical industry lead to the creation of 4 jobs in services
- The chemical industry generates an annual value-added of nearly ten billion euros in Finland
- One billion euros in value-added in the chemical industry generates an additional value-added of 0.9 billion euros in other sectors.
- The chemical industry contributes to an annual tax revenue of over 3 billion euros in Finland.
In Finland, the chemical industry is classified as follows:
- Oil, gas, and petrochemical industry
- Chemical basic industry
- Various sectors of chemical product industry: pharmaceutical industry, plastics and rubber industry, cosmetics and detergents, paint industry
The chemical industry invests approximately one billion euros annually in Finland.
R&D investments amount to around 450 million euros each year.
The revenue is 26 billion euros, and the goods export is approximately 14 billion euros annually (in 2021)
Finland’s key export sectors – Chemical, Forest, and Technology Industries – have collectively commissioned a series of studies related to the export industry
Do you need more data?
You can find statistical information about the chemical industry here: