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2023
Flag → Flag
Exports $679MRnk 26 / 206
2023
Flag → Flag
Top Product $167MPapermaking Machines
2023
Flag → Flag
Exports $212MRnk 67 / 213
2023
Flag → Flag
Top Product $62.1MStearic Acid
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Finland-Indonesia Trade: In 2023, Finland exported $679M to Indonesia. The main products that Finland exported to Indonesia were Papermaking Machines ($167M), Electric Generating Sets ($46.8M), and Sulfate Chemical Woodpulp ($40.5M). Over the past 5 years the exports of Finland to Indonesia have increased at an annualized rate of 0.25%, from $671M in 2018 to $679M in 2023.

In 2020, Finland exported services to Indonesia worth $85.7M, with Computer and information services ($61.7M), Other business services ($19.4M), and Transportation ($2.28M) being the largest in terms of value.

Indonesia-Finland Trade: In 2023, Indonesia exported $212M to Finland. The main products that Indonesia exported to Finland were Stearic Acid ($62.1M), Refined Copper ($19.1M), and Cocoa Powder ($8.89M). Over the past 5 years the exports of Indonesia to Finland have increased at an annualized rate of 1.84%,  from $194M in 2018 to $212M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $679M to Indonesia. The main products exported from Finland to Indonesia were Papermaking Machines ($167M), Electric Generating Sets ($46.8M), and Sulfate Chemical Woodpulp ($40.5M). During the last 5 years the exports of Finland to Indonesia have increased at an annualized rate of 0.25%, from $671M in 2018 to $679M in 2023.

In 2018, Indonesia exported $212M to Finland. The main products exported from Indonesia to Finland were Stearic Acid ($62.1M), Refined Copper ($19.1M), and Cocoa Powder ($8.89M). During the last 5 years the exports of Indonesia to Finland have increased at an annualized rate of 1.84%, from $194M in 2023 to $212M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Indonesia (Flag)

Finland Exports

Indonesia Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Finland than Indonesia included Sweden ($8.13B), Germany ($9.26B), and Netherlands ($5.51B).

In 2023, countries that imported more from Indonesia than Finland included China ($70.7B), India ($24B), and Japan ($23.7B).

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

Comparative Advantage Finland - Indonesia

Flow
Scale

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

During 2023, Finland had a large net trade with Indonesia in the exports of Machines ($510M), Metals ($59.5M), and Paper Goods ($56M).

During 2018, Indonesia had a large net trade with Finland in the exports of Animal and Vegetable Bi-Products ($71.5M), Machines ($28.9M), and Textiles ($20.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Indonesia+$14.2MTelephones
Top Product Potential Indonesia Finland+$12.8MCoal Briquettes

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 Indonesia. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Finland.

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

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