Finland trade with Texas

According to the latest trade data from the Office of Governor Greg Abbott, Texas–Finland trade totaled $1.3 billion in 2024. Finland’s overall trade with Texas represents about 12% of its total trade with the United States, while 34% of Finland’s imports from the U.S. originate from Texas. In contrast, only 5% of Finland’s U.S.-bound exports were shipped to Texas. Given the size and rapid growth of the Texas economy—the second largest in the United States after California—this modest export share suggests substantial untapped potential for Finnish companies to expand their footprint in the Lone Star State.

Traditionally, Texas is associated with oil and gas, so it is no surprise that Finnish imports from Texas ($872 million)consist largely of oil, petroleum, and chemical industry products. What may be more surprising is that Texas is also the largest producer of wind-generated electricity in the United States.

Texas’ imports from Finland ($450 million) are dominated by machinery and industrial equipment, a category that likely includes exports from Wärtsilä, iLOQ, and Robit, with Patria’s F-35 fuselage deliveries to Lockheed Martin in Fort Worth expected to contribute significantly in the coming years.

Texas’ major metro areas—Greater Houston, the Dallas–Fort Worth Metroplex, and Austin —each offer distinct sector strengths.

• Austin has a vibrant technology and startup scene, increasing venture capital activity, and a growing influx of high-tech companies—some relocating from Silicon Valley.

• Houston excels in energy and clean tech, aerospace, medical innovation, and industrial technology.

• Dallas–Fort Worth has the broadest industry diversity in Texas and is rapidly emerging as a major financial hub, with NYSE, Nasdaq, and the new Texas Stock Exchange establishing operations. DFW also has the highest concentration of Fortune 500 headquarters in the state.

The new Finnish Consulate in Houston, together with the Finnish Chambers of Commerce in Houston and North Texas, plays an important role in supporting Finnish companies as they execute their Go-to-Texas-Market strategies.

Finland and Texas already have a strong trade relationship—but the potential is even greater. By working together, we can expand the presence of Finnish companies in Texas and further grow Texas’ imports of high-quality Finnish goods and solutions.

Text:

Vesa Jäämuru

Vice-President, Finnish American Chamber of Commerce North Texas

Consultant, Muru Advisory Partners