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2022
Flag → Flag
Exports $216MRnk 71 / 216
2022
Flag → Flag
Top Product $51.8MStearic Acid
2022
Flag → Flag
Exports $315MRnk 37 / 207
2022
Flag → Flag
Top Product $52.8MPapermaking Machines
2022
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Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

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.

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.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $216M in 2022.

In 2017, 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 2022 to $315M in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and Finland (Flag)

Indonesia Exports

Finland Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$67.7B
Finland
Top DestinationGermany$9.99B

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

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

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

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 2022, 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).

During 2017, Finland had a large net trade with Indonesia in the exports of Machines ($201M), Metals ($40.6M), and Paper Goods ($39.4M).

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) (2022)

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