2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
 GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186

About

Finland-Indonesia Trade: In 2022, Finland exported $315M to Indonesia. The main products that Finland exported to Indonesia were Papermaking Machines ($52.8M), Copper Springs ($24.9M), and Sulfate Chemical Woodpulp ($23.8M). Over the past 5 years the exports of Finland to Indonesia have decreased at an annualized rate of 2.87%, from $364M in 2017 to $315M in 2022.

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 2022, Indonesia exported $216M to Finland. The main products that Indonesia exported to Finland were Stearic Acid ($51.8M), Rubber ($19.7M), and Ammonia ($12.3M). Over the past 5 years the exports of Indonesia to Finland have increased at an annualized rate of 4.19%,  from $176M in 2017 to $216M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $315M to Indonesia. The main products exported from Finland to Indonesia were Papermaking Machines ($52.8M), Copper Springs ($24.9M), and Sulfate Chemical Woodpulp ($23.8M). During the last 5 years the exports of Finland to Indonesia have decreased at an annualized rate of 2.87%, from $364M in 2017 to $315M in 2022.

In 2017, Indonesia exported $216M to Finland. The main products exported from Indonesia to Finland were Stearic Acid ($51.8M), Rubber ($19.7M), and Ammonia ($12.3M). During the last 5 years the exports of Indonesia to Finland have increased at an annualized rate of 4.19%, from $176M in 2022 to $216M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Indonesia (Flag)

Finland Exports

Indonesia Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Indonesia
Top Destination
China$67.7B

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 2022, countries that imported more from Finland than Indonesia included Sweden ($9.1B), Germany ($9.99B), and Estonia ($3.58B).

In 2022, countries that imported more from Indonesia than Finland included China ($67.7B), Japan ($26.6B), and India ($25.3B).

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

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 2022, Finland had a large net trade with Indonesia in the exports of Machines ($201M), Metals ($40.6M), and Paper Goods ($39.4M).

During 2017, Indonesia had a large net trade with Finland in the exports of Animal and Vegetable Bi-Products ($51.8M), Machines ($27.5M), and Plastics and Rubbers ($25.9M).

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) (2022)

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