2022
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GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$409BCURRENT US$
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2012-2022
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GDP GROWTH
109%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$4,164CURRENT US$
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2012-2022
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GDP PC GROWTH
90.1%CURRENT US$
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About

Finland-Vietnam In 2022, Finland exported $488M to Vietnam. The main products that Finland exported to Vietnam are Integrated Circuits ($300M), Iron Ore ($39.1M), and Machinery Having Individual Functions ($33.3M). During the last 27 years the exports of Finland to Vietnam have increased at an annualized rate of 14.8%, from $11.8M in 1995 to $488M in 2022.

In 2022, Finland did not export any services to Vietnam.

Vietnam-Finland In 2022, Vietnam exported $492M to Finland. The main products that Vietnam exported to Finland were Broadcasting Equipment ($93M), Iron Structures ($74.2M), and Office Machine Parts ($26.6M). During the last 27 years the exports of Vietnam to Finland have increased at an annualized rate of 17.3%, from $6.63M in 1995 to $492M in 2022.

In 2022, Vietnam did not export any services to Finland.

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $488M to Vietnam. The main products exported from Finland to Vietnam were Integrated Circuits ($300M), Iron Ore ($39.1M), and Machinery Having Individual Functions ($33.3M). During the last 27 years the exports of Finland to Vietnam have increased at an annualized rate of 14.8%, from $11.8M in 1995 to $488M in 2022.

In 2022, Vietnam exported $492M to Finland. The main products exported from Vietnam to Finland were Broadcasting Equipment ($93M), Iron Structures ($74.2M), and Office Machine Parts ($26.6M). During the last 27 years the exports of Vietnam to Finland have increased at an annualized rate of 17.3%, from $6.63M in 1995 to $492M in 2022.

Exports from Finland (Flag) to Vietnam (Flag) (2022)

Exports from Vietnam (Flag) to Finland (Flag) (2022)

Latest Data

Trade between Finland (Flag) and Vietnam (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Vietnam
Top Destination
United States$117B

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

In 2021, countries that imported more from Finland than Vietnam were Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

In 2021, countries that imported more from Vietnam than Finland were United States ($117B), China ($58.7B), and South Korea ($25.2B).

Difference in imports from Vietnam (Flag) and Finland (Flag) (2022)

Comparative Advantage Finland - Vietnam

Flow
Scale

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

During 2022, Finland had a large net trade with Vietnam in the exports of Machines ($369M), Mineral Products ($39.2M), and Paper Goods ($20.8M).

During 2022, Vietnam had a large net trade with Finland in the exports of Machines ($166M), Metals ($118M), and Footwear and Headwear ($53.3M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over Vietnam. Similarly, the more yellow a dot/product is, the more Vietnam has comparative advantage over Finland.

Product Space of Finland (Flag) and Vietnam (Flag) (2022)

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