Finland (FIN) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Finland-Vietnam Trade: In 2022, Finland exported $488M to Vietnam. The main products that Finland exported to Vietnam were Integrated Circuits ($300M), Iron Ore ($39.1M), and Machinery Having Individual Functions ($33.3M). Over the past 5 years the exports of Finland to Vietnam have increased at an annualized rate of 9.18%, from $314M in 2017 to $488M in 2022.

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

Vietnam-Finland Trade: 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). Over the past 5 years the exports of Vietnam to Finland have increased at an annualized rate of 12.5%, from $273M in 2017 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 5 years the exports of Finland to Vietnam have increased at an annualized rate of 9.18%, from $314M in 2017 to $488M in 2022.

In 2017, 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 5 years the exports of Vietnam to Finland have increased at an annualized rate of 12.5%, from $273M in 2022 to $492M in 2017.

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

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

Latest Data

Trade between Finland () and Vietnam ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Vietnam
Top DestinationUnited 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 2022, countries that imported more from Finland than Vietnam included Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

In 2022, countries that imported more from Vietnam than Finland included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Finland - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2017, Vietnam had a large net trade with Finland in the exports of Machines ($166M), Metals ($118M), and Footwear and Headwear ($53.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Vietnam+$15.7MTelephones

Top Product Potential Vietnam Finland+$63.9MTelephones

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

Year

This visualization shows the product space at the HS4 level with the flags of Finland and Vietnam. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Finland () and Vietnam ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Finland - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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