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2022
Flag → Flag
Exports $386MRnk 54 / 218
2022
Flag → Flag
Top Product $94.4MAir Conditioners
2022
Flag → Flag
Exports $303MRnk 40 / 207
2022
Flag → Flag
Top Product $64.4MRaw Furskins
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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 $6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 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

Thailand-Finland Trade: In 2022, Thailand exported $386M to Finland. The main products that Thailand exported to Finland were Air Conditioners ($94.4M), Office Machine Parts ($58.4M), and Ceramic Tableware ($25.1M). Over the past 5 years the exports of Thailand to Finland have increased at an annualized rate of 7.97%, from $263M in 2017 to $386M in 2022.

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

Finland-Thailand Trade: In 2022, Finland exported $303M to Thailand. The main products that Finland exported to Thailand were Raw Furskins ($64.4M), Mixed Mineral or Chemical Fertilizers ($30.4M), and Sulfate Chemical Woodpulp ($25.1M). Over the past 5 years the exports of Finland to Thailand have increased at an annualized rate of 3.84%,  from $251M in 2017 to $303M in 2022.

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 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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, Thailand exported $386M to Finland. The main products exported from Thailand to Finland were Air Conditioners ($94.4M), Office Machine Parts ($58.4M), and Ceramic Tableware ($25.1M). During the last 5 years the exports of Thailand to Finland have increased at an annualized rate of 7.97%, from $263M in 2017 to $386M in 2022.

In 2017, Finland exported $303M to Thailand. The main products exported from Finland to Thailand were Raw Furskins ($64.4M), Mixed Mineral or Chemical Fertilizers ($30.4M), and Sulfate Chemical Woodpulp ($25.1M). During the last 5 years the exports of Finland to Thailand have increased at an annualized rate of 3.84%, from $251M in 2022 to $303M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Finland (Flag)

Thailand Exports

Finland Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Finland
Top DestinationGermany$9.99B

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 2022, countries that imported more from Thailand than Finland included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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

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 2022, Thailand had a large net trade with Finland in the exports of Machines ($213M), Foodstuffs ($60.3M), and Stone And Glass ($29.7M).

During 2017, Finland had a large net trade with Thailand in the exports of Animal Hides ($65.1M), Machines ($60.5M), and Paper Goods ($48.7M).

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) (2022)

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