Finland posted a trade deficit of EUR 330 million in September of 2022, shifting from a surplus of EUR 96 million in the corresponding period a year earlier, preliminary data showed. It was the 12th month of successive trade gap, albeit the smallest this year, as exports rose by 8% to EUR 7.2 billion, boosted by sales of paper and cardboard, paper pulp, electrical machinery and equipment, and energy products. On the other hand, exports declined for timber, iron and steel, and transport equipment. Sales to the EU rose 2.7% and those to non-EU countries advanced 15.5%. Meanwhile, imports climbed by 14.6% to EUR 7.5 billion, due to rising purchases of energy products, industrial machinery and equipment, and electrical machinery and equipment. Arrivals grew from both the EU (16.1%) and non-EU countries (12.8%). Considering the January-September period, the trade deficit widened to EUR 9.4 billion, compared to the EUR 2.8 billion gap in the same period of 2021. source: Statistics Finland
Balance of Trade in Finland averaged 167.64 EUR Million from 1975 until 2022, reaching an all time high of 1749.60 EUR Million in November of 2002 and a record low of -1460.00 EUR Million in March of 2022. 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 2022.
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. In the long-term, the Finland Balance of Trade is projected to trend around -330.00 EUR Million in 2023 and -380.00 EUR Million in 2024, according to our econometric models.