Finland's trade deficit narrowed to EUR 340 million in February 2021 from EUR 775 million in the same month of the previous year, a preliminary estimate showed. Exports increased 8.0 percent to EUR 4.8 billion partly due to higher sales of paper and board, timbers, pulp, transport equipment, metals and chemical products. In contrast, sales shrank for petroleum, machinery and equipment. Among major trade partners increases were seen in exports to Germany, Sweden, Russian, the UK and China. Meanwhile, imports dropped by 1.5 percent to EUR 5.2 billion, as purchases were down for oil and petroleum products; transport equipment and thereof. Imports fell from Germany, the Netherlands, and the UK. Considering the first two months of the year, the trade deficit declined to EUR 0.65 billion from EUR 1.10 billion in the same period of 2020. source: Statistics Finland

Balance of Trade in Finland averaged 196.81 EUR Million from 1975 until 2021, reaching an all time high of 1749.60 EUR Million in November of 2002 and a record low of -795.40 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 May of 2021.

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 -380.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -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
-340.00 -310.00 1749.60 -795.40 1975 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 07:00 AM Nov €-0.18B €-0.09B
2021-02-08 07:00 AM Dec €1B €-0.18B €-0.15B
2021-03-10 07:00 AM Jan €-0.3B €1B €0.8B
2021-04-08 06:00 AM Feb €-0.34B €-0.3B
2021-05-07 06:00 AM Mar €-0.34B €-0.29B
2021-06-07 06:00 AM Apr
2021-07-08 06:00 AM May
2021-08-06 06:00 AM Jun


News Stream
Finnish Trade Gap Narrows in February
Finland's trade deficit narrowed to EUR 340 million in February 2021 from EUR 775 million in the same month of the previous year, a preliminary estimate showed. Exports increased 8.0 percent to EUR 4.8 billion partly due to higher sales of paper and board, timbers, pulp, transport equipment, metals and chemical products. In contrast, sales shrank for petroleum, machinery and equipment. Among major trade partners increases were seen in exports to Germany, Sweden, Russian, the UK and China. Meanwhile, imports dropped by 1.5 percent to EUR 5.2 billion, as purchases were down for oil and petroleum products; transport equipment and thereof. Imports fell from Germany, the Netherlands, and the UK. Considering the first two months of the year, the trade deficit declined to EUR 0.65 billion from EUR 1.10 billion in the same period of 2020.
2021-04-08
Finnish Trade Gap Largest in 4 Months
Finland's trade deficit widened to EUR 300 million in January 2021 from EUR 295 million in the same month of the previous year, a preliminary estimate showed. It was the largest trade gap since last September, as exports declined 10.6 percent to EUR 4.4 billion partly due to lower sales of petroleum, paper and board, pulp, industrial machinery and equipment, transport and electrotechnical machinery. Conversely, sales grew for timber, nickel and iron ore. Among major trade partners, decreases were seen in exports to Germany, the UK, the Netherlands, Sweden, China, the US and Russia. Meanwhile, imports dropped at a softer 9.9 percent to EUR 4.7 billion, as purchases were down for oil and petroleum products, and industrial machinery and equipment. Imports fell from Russia, Germany, the UK, China and Sweden.
2021-03-10
Finland Posts Largest Trade Surplus in Over a Decade
Finland's trade surplus widened to EUR 1.0 billion in December 2020, up from EUR 367 million in the same month of the previous year, a preliminary estimate showed. It was the largest trade surplus since October 2010, as exports rose 6.8 percent to USD 6.0 billion partly due to higher sales of timber, industrial machinery and equipment, transport equipment, iron and steel, copper and chemical products. Conversely, sales of petroleum products fell. Among major trade partners, increases were seen in exports to the US, Germany, China and the Netherlands. Meanwhile, imports dropped 5.3 percent to USD 5.0 billion, as purchases were down for oil and petroleum products, and industrial machinery and equipment. Imports fell from Russia, Germany, the Netherlands and Sweden. Considering 2020 full year, the trade gap widened sharply to EUR 2.0 billion from EUR 0.8 billion in the same period of 2019.
2021-02-08
Finnish Trade Deficit Widens in November
Finland's trade deficit increased to EUR 180 million in November 2020 from EUR 114.3 million in the same month of the previous year, a preliminary estimate showed. Exports fell 3.5 percent from a year earlier to USD 4.9 billion partly due to lower sales of petroleum products, paper and board, sawn timber, industrial machinery equipment, and electrical machinery equipment. By contrast, sales of copper and chemical products increased. Among major trade partners, decreases were seen in exports to the US, Sweden and the Netherlands. Meanwhile, imports dropped 2.2 percent year-on-year to USD 5.1 billion, as purchases of petroleum products, industrial machinery and equipment were down, while increases were seen in electrical machinery, pharmaceuticals, ores and scrap metal. Imports fell from Russia, the Netherlands, and Sweden. Considering the first eleven months of the year, the trade gap widened sharply to EUR 3.1 billion from EUR 1.2 billion in the same period of 2019.
2021-01-08

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.