Finland posted a trade surplus of EUR 195 million in June 2019, shifting from a EUR 175 million gap in the same month the prior year, preliminary data showed. Exports fell 3 percent year-on-year to EUR 5.245 billion, as sales decreased for transport vehicles; forest industry products, machinery and equipment, and chemical products. Exports declined to Germany, Sweden, Netherlands, and the UK. On the other hand, shipments rose for the US, China, and Russia. Sales to the EU went down 7 percent while those to outside EU fell 3 percent. Imports dropped at a faster 10 percent to EUR 5.050 billion. Purchases from the EU plunged 14 percent, and those from outside EU dropped 3 percent. Considering the first half of the year, the trade balance recorded a surplus of EUR 130 million, compared with a deficit of EUR 1.2 billion in the same period of 2018. Balance of Trade in Finland averaged 211.05 EUR Million from 1975 until 2019, reaching an all time high of 1750 EUR Million in November of 2002 and a record low of -795 EUR Million in December of 2012.

Balance of Trade in Finland is expected to be -10.00 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 -170.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -380.00 EUR Million in 2020, according to our econometric models.

Finland Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-08 06:00 AM Balance of Trade Mar €-0.1B €-0.11B €-0.27B
2019-06-07 06:00 AM Balance of Trade Apr €-0.31B €-0.11B €-0.11B
2019-07-08 06:00 AM Balance of Trade May €-0.01B €-0.32B €-0.18B
2019-08-08 06:00 AM Balance of Trade Jun €0.2B €0.02B €-0.20B
2019-09-06 05:00 AM Balance of Trade Jul €0.2B €-0.33B
2019-10-09 05:00 AM Balance of Trade Aug €-0.27B
2019-11-07 06:00 AM Balance of Trade Sep €-0.01B

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade 195.00 25.00 1750.00 -795.00 EUR Million [+]
Current Account 791.00 626.00 1987.10 -3931.00 EUR Million [+]
Current Account to GDP -1.90 -0.70 8.20 -5.40 percent [+]
Imports 5050.00 5750.00 6060.00 311.30 EUR Million [+]
Exports 5245.00 5768.00 6451.00 190.90 EUR Million [+]
External Debt 539953.00 483352.00 539953.00 203416.00 EUR Million [+]
Terms of Trade 98.50 98.00 145.60 93.20 Index Points [+]
Capital Flows 8275.00 10140.00 14758.00 -23023.00 EUR Million [+]
Foreign Direct Investment 73466.00 76430.00 76430.00 5356.00 EUR Million [+]
Gold Reserves 49.10 49.10 49.14 49.05 Tonnes [+]
Terrorism Index 2.50 2.34 2.50 0.00 [+]
Weapons Sales 68.00 58.00 137.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Finland Balance of Trade

International trade makes a third of Finland’s GDP. Finnish principal exports are: telecommunications equipment, passenger cars and forestry products and paper and paperboard. Finnish principal imports are food stuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, textile yarn and fabrics and grains. European Union makes 55 percent of the total trade. The largest trade flows are with Germany, Russia, Sweden, China and U.S. This page provides - Finland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
195.00 25.00 1750.00 -795.00 1975 - 2019 EUR Million Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19