Finland posted a trade surplus of EUR 0.065 billion in March 2023, shifting from a deficit of EUR 1.5 billion in the same period a year earlier. It was the first surplus in trade balance since last November, as exports grew while imports fell, preliminary data showed. Shipments rose 9.5% yoy to a four-month high of EUR 7.7 billion, mainly boosted by elevated demand for machinery & equipment (35%), paper and cardboard (22%), and electrical machinery (37%). Sales to the EU advanced by 10.8%, while to non-EU countries, mainly China (18.3%), by 7.5%. On the other hand, imports shrank 10.7% to EUR 7.6 billion due to declining purchases of energy products (-39%). Arrivals from the EU countries dropped by 2.3%, while those to non-EU countries, namely China (-0.4%) and the UK (-0.6%), plunged by 20.9%. For the first quarter of the year, the country’s trade balance narrowed sharply to EUR 0.9 billion from EUR 3.7 billion in the same period of 2022. source: Statistics Finland
Balance of Trade in Finland averaged 162.15 EUR Million from 1975 until 2023, reaching an all time high of 1749.60 EUR Million in November of 2002 and a record low of -1510.00 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 June of 2023.
Balance of Trade in Finland is expected to be -830.00 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 -480.00 EUR Million in 2024 and -470.00 EUR Million in 2025, according to our econometric models.