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

About

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.

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.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $212M in 2023.

In 2018, 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 2023 to $679M in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Finland (Flag)

Indonesia Exports

Finland Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Indonesia - Finland

Flow
Scale

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

During 2023, 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).

During 2018, Finland had a large net trade with Indonesia in the exports of Machines ($510M), Metals ($59.5M), and Paper Goods ($56M).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Indonesia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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