Finland's trade deficit narrowed to EUR 60 million in February 2019 from EUR 370 million in the same month a year earlier, as exports grew 7 percent to EUR 5.1 billion, boosted by sales of machinery & equipment, instruments & precision, forest products, oil refinery, transport equipment and iron & steel. In contrast, exports fell for copper, nickel, ores and basic chemicals. Among major trade partners, exports to the US, the Netherlands and the UK increased significantly, while those to Russia, Sweden and Germany were almost unchanged. Exports to China, however, dropped. Meantime, imports were flat at EUR 5.2 billion, as an increase in purchases of oil refinery & crude oil and aircraft was offset by a decline in imports of metals, ores and pharmaceuticals. Imports from the EU rose 3 percent, despite a decrease in purchases from Germany and the Netherlands, while those from non-EU countries fell 4 percent. Balance of Trade in Finland averaged 213.30 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 -200.00 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 -270.00 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
2019-01-08 07:00 AM Balance of Trade €-0.06B €-0.21B €-0.19B
2019-02-07 07:00 AM Balance of Trade €-0.43B €-0.03B € 0.14B
2019-03-11 07:00 AM Balance of Trade €0.53B €-0.43B €-0.20B
2019-04-09 06:00 AM Balance of Trade €-0.06B €0.51B €-0.29B
2019-05-08 06:00 AM Balance of Trade €-0.06B €-0.27B
2019-06-07 06:00 AM Balance of Trade €-0.11B
2019-07-08 06:00 AM Balance of Trade €-0.18B

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade -60.00 510.00 1750.00 -795.00 EUR Million [+]
Current Account -0.04 501.00 1987.10 -1815.90 EUR Million [+]
Current Account to GDP -1.90 -0.70 8.20 -5.40 percent [+]
Imports 5185.00 5300.00 6060.00 311.30 EUR Million [+]
Exports 5125.00 5810.00 6451.00 190.90 EUR Million [+]
External Debt 483352.00 439712.00 483352.00 203416.00 EUR Million [+]
Terms of Trade 98.20 98.70 145.60 93.20 Index Points [+]
Capital Flows -8592.00 3339.00 6233.00 -10387.00 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 58.00 66.00 137.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-60.00 510.00 1750.00 -795.00 1975 - 2019 EUR Million Monthly

Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19