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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.
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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)
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Export Industry
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: