2023
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GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP
$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH
23.6%CURRENT US$
Rnk 130 / 195
2023
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GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC
$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH
6.21%CURRENT US$
Rnk 145 / 195

About

Finland-Malaysia Trade: In 2023, Finland exported $259M to Malaysia. The main products that Finland exported to Malaysia were Raw Zinc ($30.3M), Concentrated Milk ($24.8M), and Sulfates ($18.7M). Over the past 5 years the exports of Finland to Malaysia have increased at an annualized rate of 4.8%, from $205M in 2018 to $259M in 2023.

In 2020, Finland exported services to Malaysia worth $74.2M, with Computer and information services ($38.8M), Other business services ($16M), and Royalties and license fees ($12.6M) being the largest in terms of value.

Malaysia-Finland Trade: In 2023, Malaysia exported $391M to Finland. The main products that Malaysia exported to Finland were Integrated Circuits ($111M), Padlocks ($28.9M), and Rubber Apparel ($22.8M). Over the past 5 years the exports of Malaysia to Finland have increased at an annualized rate of 4.41%,  from $315M in 2018 to $391M in 2023.

In 2023, Malaysia did not export any services to Finland.

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $259M to Malaysia. The main products exported from Finland to Malaysia were Raw Zinc ($30.3M), Concentrated Milk ($24.8M), and Sulfates ($18.7M). During the last 5 years the exports of Finland to Malaysia have increased at an annualized rate of 4.8%, from $205M in 2018 to $259M in 2023.

In 2018, Malaysia exported $391M to Finland. The main products exported from Malaysia to Finland were Integrated Circuits ($111M), Padlocks ($28.9M), and Rubber Apparel ($22.8M). During the last 5 years the exports of Malaysia to Finland have increased at an annualized rate of 4.41%, from $315M in 2023 to $391M in 2018.

Exports from Finland (Flag) to Malaysia (Flag) (2023)

Exports from Malaysia (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Malaysia (Flag)

Finland Exports

Malaysia Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Malaysia
Top Destination
China$79.8B

This map shows whether countries import more from Finland or Malaysia. Each country is colored based on the difference in imports they receive from Finland and Malaysia or the difference in the growth in imports.

In 2023, countries that imported more from Finland than Malaysia included Sweden ($8.13B), Estonia ($2.4B), and Norway ($2.38B).

In 2023, countries that imported more from Malaysia than Finland included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

Difference in imports from Malaysia (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Malaysia

Flow
Scale

This chart compares trade between Finland and Malaysia by product, considering products traded by both, Finland and Malaysia.

During 2023, Finland had a large net trade with Malaysia in the exports of Metals ($70.9M), Machines ($64.3M), and Chemical Products ($50.2M).

During 2018, Malaysia had a large net trade with Finland in the exports of Machines ($225M), Metals ($44.1M), and Plastics and Rubbers ($38M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Malaysia+$7.09MIntegrated Circuits
Top Product Potential Malaysia Finland+$36.7MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Finland and Malaysia. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Finland.

Product Space of Finland (Flag) and Malaysia (Flag) (2023)

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