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2023
Flag → Flag
Exports $584MRnk 44 / 142
2023
Flag → Flag
Top Product $161MBroadcasting Equipment
2023
Flag → Flag
Exports $247MRnk 45 / 206
2023
Flag → Flag
Top Product $117MIntegrated Circuits
2023
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Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
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GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
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GDP GROWTH101%CURRENT US$
Rnk 13 / 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 $4,282CURRENT US$
Rnk 128 / 195
2013-2023
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GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 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

Vietnam-Finland Trade: In 2023, Vietnam exported $584M to Finland. The main products that Vietnam exported to Finland were Broadcasting Equipment ($161M), Iron Structures ($79.1M), and Textile Footwear ($41.9M). Over the past 5 years the exports of Vietnam to Finland have increased at an annualized rate of 8.02%, from $397M in 2018 to $584M in 2023.

In 2023, Vietnam did not export any services to Finland.

Finland-Vietnam Trade: In 2023, Finland exported $247M to Vietnam. The main products that Finland exported to Vietnam were Integrated Circuits ($117M), Machinery Having Individual Functions ($30.1M), and Kaolin Coated Paper ($15.5M). Over the past 5 years the exports of Finland to Vietnam have increased at an annualized rate of 1.8%,  from $226M in 2018 to $247M in 2023.

In 2023, Finland did not export any services to Vietnam.

Comparison: In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $584M to Finland. The main products exported from Vietnam to Finland were Broadcasting Equipment ($161M), Iron Structures ($79.1M), and Textile Footwear ($41.9M). During the last 5 years the exports of Vietnam to Finland have increased at an annualized rate of 8.02%, from $397M in 2018 to $584M in 2023.

In 2018, Finland exported $247M to Vietnam. The main products exported from Finland to Vietnam were Integrated Circuits ($117M), Machinery Having Individual Functions ($30.1M), and Kaolin Coated Paper ($15.5M). During the last 5 years the exports of Finland to Vietnam have increased at an annualized rate of 1.8%, from $226M in 2023 to $247M in 2018.

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

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

Latest Data

Trade between Vietnam (Flag) and Finland (Flag)

Finland Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Vietnam than Finland included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

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

Comparative Advantage Vietnam - Finland

Flow
Scale

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

During 2023, Vietnam had a large net trade with Finland in the exports of Machines ($234M), Metals ($112M), and Footwear and Headwear ($80.7M).

During 2018, Finland had a large net trade with Vietnam in the exports of Machines ($186M), Paper Goods ($26M), and Metals ($10.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Finland+$63.9MTelephones
Top Product Potential Finland Vietnam+$15.7MTelephones

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

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

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

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