2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP
$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC
$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195

About

Finland-Thailand Trade: In 2023, Finland exported $437M to Thailand. The main products that Finland exported to Thailand were Raw Furskins ($128M), Mixed Mineral or Chemical Fertilizers ($60.5M), and Sulfate Chemical Woodpulp ($26.1M). Over the past 5 years the exports of Finland to Thailand have increased at an annualized rate of 6.41%, from $320M in 2018 to $437M in 2023.

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 2023, Thailand exported $439M to Finland. The main products that Thailand exported to Finland were Computers ($112M), Air Conditioners ($52.5M), and Office Machine Parts ($20.4M). Over the past 5 years the exports of Thailand to Finland have increased at an annualized rate of 9.92%,  from $273M in 2018 to $439M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $437M to Thailand. The main products exported from Finland to Thailand were Raw Furskins ($128M), Mixed Mineral or Chemical Fertilizers ($60.5M), and Sulfate Chemical Woodpulp ($26.1M). During the last 5 years the exports of Finland to Thailand have increased at an annualized rate of 6.41%, from $320M in 2018 to $437M in 2023.

In 2018, Thailand exported $439M to Finland. The main products exported from Thailand to Finland were Computers ($112M), Air Conditioners ($52.5M), and Office Machine Parts ($20.4M). During the last 5 years the exports of Thailand to Finland have increased at an annualized rate of 9.92%, from $273M in 2023 to $439M in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Thailand (Flag)

Finland Exports

Thailand Exports

Market Competitiveness

Color
Finland
Top Destination
United States$9.68B
Thailand
Top Destination
United States$58.5B

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

In 2023, countries that imported more from Thailand than Finland included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

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 2023, Finland had a large net trade with Thailand in the exports of Animal Hides ($129M), Chemical Products ($85.2M), and Machines ($83.8M).

During 2018, Thailand had a large net trade with Finland in the exports of Machines ($264M), Foodstuffs ($57.1M), and Instruments ($23.9M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with