Finland's trade deficit widened to EUR 115 million in November 2019 from EUR 14 million in the same month the prior year, a preliminary estimate showed. Exports slumped 12.1 percent, due to sales of metals and articles of base metals, paper pulp, machinery and equipment, and paper and cardboard. Among major trade partners, exports to the EU plunged 13.8 percent, mostly to the UK, and exports to countries outside the EU dropped 9.6 percent, in particular to China. Meanwhile, imports fell 10.4 percent, with almost all commodity groups posting sharp declines. Purchases from the EU were down 9.5 percent, mainly from the Netherlands, while those from third countries tumbled 11.7 percent. Considering the first eleven months of the year, the trade deficit narrowed to EUR 1.0 billion from EUR 2.5 billion in the same period of 2018.
Balance of Trade in Finland averaged 207.02 EUR Million from 1975 until 2019, 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. source: Statistics Finland
Balance of Trade in Finland is expected to be -270.00 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 2020, according to our econometric models.