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
$495BCURRENT US$
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2012-2022
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GDP GROWTH
24.6%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
$6,909CURRENT US$
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2012-2022
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GDP PC GROWTH
20.2%CURRENT US$
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About

Finland-Thailand Trade: In 2022, Finland exported $303M to Thailand. The main products that Finland exported to Thailand were Raw Furskins ($64.4M), Mixed Mineral or Chemical Fertilizers ($30.4M), and Sulfate Chemical Woodpulp ($25.1M). Over the past 5 years the exports of Finland to Thailand have increased at an annualized rate of 3.84%, from $251M in 2017 to $303M in 2022.

In 2020, Finland exported services to Thailand worth $85.7M, with Computer and information services ($45.7M), Transportation ($29.7M), and Other business services ($5.71M) being the largest in terms of value.

Thailand-Finland Trade: In 2022, Thailand exported $386M to Finland. The main products that Thailand exported to Finland were Air Conditioners ($94.4M), Office Machine Parts ($58.4M), and Ceramic Tableware ($25.1M). Over the past 5 years the exports of Thailand to Finland have increased at an annualized rate of 7.97%,  from $263M in 2017 to $386M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $303M to Thailand. The main products exported from Finland to Thailand were Raw Furskins ($64.4M), Mixed Mineral or Chemical Fertilizers ($30.4M), and Sulfate Chemical Woodpulp ($25.1M). During the last 5 years the exports of Finland to Thailand have increased at an annualized rate of 3.84%, from $251M in 2017 to $303M in 2022.

In 2017, Thailand exported $386M to Finland. The main products exported from Thailand to Finland were Air Conditioners ($94.4M), Office Machine Parts ($58.4M), and Ceramic Tableware ($25.1M). During the last 5 years the exports of Thailand to Finland have increased at an annualized rate of 7.97%, from $263M in 2022 to $386M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Thailand (Flag)

Finland Exports

Thailand Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Thailand
Top Destination
United States$53.4B

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

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

In 2022, countries that imported more from Thailand than Finland included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Finland - Thailand

Flow
Scale

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

During 2022, Finland had a large net trade with Thailand in the exports of Animal Hides ($65.1M), Machines ($60.5M), and Paper Goods ($48.7M).

During 2017, Thailand had a large net trade with Finland in the exports of Machines ($213M), Foodstuffs ($60.3M), and Stone And Glass ($29.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Thailand+$7.46MKaolin Coated Paper
Top Product Potential Thailand Finland+$34.2MComputers

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

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

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