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2023
Flag → Flag
Exports $439MRnk 52 / 216
2023
Flag → Flag
Top Product $112MComputers
2023
Flag → Flag
Exports $437MRnk 33 / 206
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
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GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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 $7,182CURRENT US$
Rnk 102 / 195
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 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

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.

Finland-Thailand Trade: In 2023, Finland exported $437M to Thailand. The main products that Finland exported to Thailand were N/A. 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.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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, 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 2018 to $439M in 2023.

In 2018, Finland exported $437M to Thailand. There were not main exports from Finland to Thailand in 2018. During the last 5 years the exports of Finland to Thailand have increased at an annualized rate of 6.41%, from $320M in 2023 to $437M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Finland (Flag)

Thailand Exports

Finland Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Finland
Top DestinationUnited States$9.68B

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

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

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

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

Comparative Advantage Thailand - Finland

Flow
Scale

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

During 2023, Thailand had a large net trade with Finland in the exports of Machines ($264M), Foodstuffs ($57.1M), and Instruments ($23.9M).

During 2018, Finland had a large net trade with Thailand in the exports of Animal Hides ($129M), Chemical Products ($85.2M), and Machines ($83.8M).

Potential Exports

Potential Exports

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

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 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.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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