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.

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Finland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-10-06 06:00 AM Aug €-1.25B €-1.255B €-1.4B
2022-11-07 07:00 AM Sep €-0.33B €-1.29B €-0.9B
2022-12-07 07:00 AM Oct €-0.33B


Related Last Previous Unit Reference
Balance of Trade -330.00 -1290.00 EUR Million Sep 2022
Current Account 395.00 -510.00 EUR Million Sep 2022
Imports 7480.00 7985.00 EUR Million Sep 2022
Exports 7150.00 6695.00 EUR Million Sep 2022
External Debt 603375.00 588467.00 EUR Million Jun 2022
Terms of Trade 100.90 96.30 points Oct 2022
Capital Flows -4823.00 -1656.00 EUR Million Sep 2022
Foreign Direct Investment 76189.00 73725.00 EUR Million Dec 2021
Tourist Arrivals 270779.00 267304.00 Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-330.00 -1290.00 1749.60 -1460.00 1975 - 2022 EUR Million Monthly

News Stream
Finnish Trade Balance Shifts to Deficit
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.
2022-11-07
Finnish Trade Deficit Widens in August
Finland's trade deficit widened strongly to EUR 1,3 billion in August of 2022 from EUR 590 million in the same month a year earlier, pointing to the eleventh straight month of trade gap, flash data showed. Imports surged 37.3% year-on-year to EUR 7.9 billion, as arrivals grew from both the EU countries (29.1%) and non-EU countries (48.1%). Meanwhile, exports rose at a slower 28.8% to EUR 6.6 billion, with sales up for both the EU countries (31.1%) and non-EU countries (25.7%). Considering the first eight months of the year, the trade gap increased sharply to EUR 8.9 billion from EUR 2.9 billion in the same period in 2021, as arrivals surged 36.6% while sales grew by 24.9%.
2022-10-06
Finnish Trade Gap Widens Sharply
Finland's trade deficit increased sharply to EUR 1,260 million in July of 2022 from EUR 428 million in the same month a year earlier, pointing to the tenth straight month of trade gap, flash data showed. Imports jumped 30.1% year-on-year to EUR 7.8 billion, as arrivals grew from both the EU countries (20.0%) and non-EU countries (43.3%). Meanwhile, exports rose at a softer 17.5% to EUR 6.5 billion, with sales up for both the EU countries (19.6%) and non-EU countries (15.1%). Considering the first seven months of the year, the trade gap soared to EUR 7.6 billion from EUR 2.3 billion in the same period in 2021, as arrivals soared 36.1% while sales grew by 24.0%.
2022-09-06