Finland's trade deficit increased to EUR 380 million in September 2020 from EUR 243 million in the same month of the previous year, a preliminary estimate showed. Exports fell 7.9 percent partly due to lower sales of petroleum products, paper and board, electrical machinery equipment, transport equipment, and sawn timber. By contrast, sales of copper, gold, steel and pharmaceutical products increased. Among major trade partners, decreases were seen in exports to Germany, Russia, China, and the US. Meanwhile, imports dropped 5.1 percent as purchases of petroleum products, transport equipment, industrial machinery and equipment, electrical machinery and equipment were down, while increases were seen in pharmaceutical products and aircraft. Imports fell from Russia, Germany, and the Sweden, but increased to China. Considering the first nine months of the year, the trade gap widened sharply to EUR 2.8 billion from EUR 1 billion in the same period of 2019. source: Statistics Finland

Balance of Trade in Finland averaged 198.56 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 November of 2020.

Balance of Trade in Finland is expected to be -330.00 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 -330.00 EUR Million in 2021 and -380.00 EUR Million in 2022, according to our econometric models.

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Finland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-380.00 -256.00 1749.00 -796.00 1975 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 06:00 AM Jun €-0.21B €-0.29B € -0.17B
2020-09-07 06:00 AM Jul €-0.44B €-0.21B €-0.55B
2020-10-07 06:00 AM Aug €-0.25B €-0.47B €-0.3B
2020-11-06 07:00 AM Sep €-0.38B €-0.26B € -0.17B
2020-12-07 07:00 AM Oct €-0.38B
2021-01-08 07:00 AM Nov
2021-02-10 07:00 AM Dec
2021-03-09 07:00 AM Jan


News Stream
Finnish Trade Gap Widens in September
Finland's trade deficit increased to EUR 380 million in September 2020 from EUR 243 million in the same month of the previous year, a preliminary estimate showed. Exports fell 7.9 percent partly due to lower sales of petroleum products, paper and board, electrical machinery equipment, transport equipment, and sawn timber. By contrast, sales of copper, gold, steel and pharmaceutical products increased. Among major trade partners, decreases were seen in exports to Germany, Russia, China, and the US. Meanwhile, imports dropped 5.1 percent as purchases of petroleum products, transport equipment, industrial machinery and equipment, electrical machinery and equipment were down, while increases were seen in pharmaceutical products and aircraft. Imports fell from Russia, Germany, and the Sweden, but increased to China. Considering the first nine months of the year, the trade gap widened sharply to EUR 2.8 billion from EUR 1 billion in the same period of 2019.
2020-11-06
Finnish Trade Gap Narrows in August
Finland's trade deficit declined to EUR 245 million in August 2020 from EUR 264 million in the same month of the previous year, a preliminary estimate showed. Exports tumbled 14.8 percent partly due to lower sales of transport equipment, petroleum products, electrical machinery equipment, forest industry products, mechanical products and machinery equipment. By contrast, sales of copper, nickel, gold, and pharmaceutical products increased. Among major trade partners, decreases were seen in exports to Germany, Russia, and China, but surged to the US. Meanwhile, imports fell 14.4 percent as purchases of petroleum products, transport equipment, industrial machinery and equipment, electrical machinery and equipment and chemical products were down. Imports dropped from Russia, Germany, and the Sweden, but increased to China. Considering the first eight months of the year, the trade gap widened sharply to EUR 2.4 billion from EUR 771 million in the same period of 2019.
2020-10-07
Finnish Trade Surplus Narrows in July
Finland's trade deficit declined to EUR 440 million in July 2020 from EUR 498 million in the same month of the previous year, a preliminary estimate showed. Exports tumbled 13.8 percent partly due to lower sales of transport equipment, petroleum products, electrical machinery equipment, forest industry products. By contrast, sales of copper, zinc, nickel, gold, and pharmaceutical products rose. Among major trade partners, decreases were seen in exports to Germany, Russia, the US, and China. Meanwhile, imports fell 13.6 percent as purchases of petroleum products, transport equipment, machinery and equipment, chemical products and metal products were down. Imports dropped from Russia, Germany, and the Sweden, but jumped to the UK. Considering the first seven months of the year, the trade gap widened sharply to EUR 2.1 billion from EUR 507 million in the same period of 2019.
2020-09-07
Finnish Trade Balance Swings to Deficit
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.
2020-08-07

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.