Finland posted a trade deficit of EUR 205 million in June 2020, shifting from a EUR 75 million surplus in the same month of the previous year, a preliminary estimate showed. Exports tumbled 15.4 percent partly due to lower sales of transport equipment, petroleum products, electrical machinery equipment, and forest industry products. By contrast, sales of copper, gold, and pharmaceutical products rose. Among major trade partners, decreases were seen in exports to Germany, Russia, the US, and China. Meanwhile, imports fell 10.2 percent as purchases of petroleum products, transport equipment, machinery and equipment were down, while pharmaceutical products imports surged. Imports dropped from Russia, Germany, and the Netherlands, but jumped to China. Considering the first seven months of the year, the trade gap widened sharply to EUR 1.7 billion from EUR 5 million in the same period of 2019.
Balance of Trade in Finland averaged 201.71 EUR Million from 1975 until 2020, reaching an all time high of 1749 EUR Million in November of 2002 and a record low of -796 EUR Million in December of 2012. This page provides - Finland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Finland
Balance of Trade in Finland is expected to be -170.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Finland to stand at -330.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -380.00 EUR Million in 2021, according to our econometric models.