When analyzing exports by region, European countries emerged as the primary destination for Finnish defence products. Among individual countries, Sweden, the United States, and France secured the highest number of licences. In the case of Sweden, most transfer licences were related to ammunition for official use. Precision rifles and their accessories accounted for approximately 29% of the total value of granted licences.
According to the Finnish Ministry of Defence, the actual exports in 2022 amounted to EUR 125 million, reflecting a significant 70% increase compared to the previous year. The top three export destinations were Latvia, Norway, and Estonia. Notably, exports to Latvia primarily involved ground vehicles. Geographically, the majority of exports took place within the European Union, with Europe accounting for nearly 90% of all exports.
It is important to note that the annual report on defence materiel exports focuses exclusively on commercial exports and does not encompass information regarding defence materiel assistance provided by Finland to Ukraine within the framework of international aid. Nevertheless, Finland issued 14 licences for commercial exports to Ukraine.