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.

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Finland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-06 06:00 AM Feb €-0.725B €-0.3B €-0.9B
2023-05-08 06:00 AM Mar €0.065B €-0.695B € -1.4B
2023-06-06 06:00 AM Apr €0.065B €-0.8B


Related Last Previous Unit Reference
Balance of Trade 65.00 -695.00 EUR Million Mar 2023
Current Account -586.00 -676.00 EUR Million Mar 2023
Imports 7610.00 5670.00 EUR Million Mar 2023
Exports 7675.00 4975.00 EUR Million Mar 2023
External Debt 569274.00 629170.00 EUR Million Dec 2022
Terms of Trade 98.30 97.70 points Apr 2023
Capital Flows -568.00 801.00 EUR Million Mar 2023
Foreign Direct Investment 76189.00 73725.00 EUR Million Dec 2021
Tourist Arrivals 195109.00 201932.00 Mar 2023

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
65.00 -695.00 1749.60 -1510.00 1975 - 2023 EUR Million Monthly

News Stream
Finland Posts Trade Surplus for 1st Time in 4 Months
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.
2023-05-08
Finnish Trade Deficit Narrows in February
Finland’s trade deficit declined EUR 0.7 billion in February 2023 from EUR 1.1 billion in the same period a year earlier, as exports fell less than imports, preliminary data showed. Shipments dropped 13.8% yoy to EUR 5.0 billion, mainly dragged by a decline in demand for timber (-51%), paper and cardboard (-21%), iron and steel (-48%). Sales to the EU dropped 11.1%, while those to non-EU countries fell 17.5%, mainly the US (-12.2%). Meanwhile, imports shrank 17.2% to a 2-year low of EUR 5.7 billion, due to falling purchases of energy products (-28%). Arrivals from the non-EU countries slumped by 33.3%, namely China (-25.8%), Russia (-86.1%); while those from the EU decreased 3%. Considering the first two months of the year, the country’s trade balance narrowed to EUR 1.1 billion from EUR 2.2 billion in the same period of 2022.
2023-04-06
Finnish Trade Gap Narrows in January
Finland’s trade deficit declined EUR 0.4 billion in January 2023 from EUR 1.0 billion in the same period a year earlier, as exports rose while imports fell, flash data showed. Shipments grew 7.1% yoy to EUR 6.2 billion, mainly boosted by a rise in demand for paper pulp (99%), industrial machinery and equipment (24%) and electrical machinery and equipment (25%). Sales to the EU rose 5.6%, while those to non-EU countries increased 9.1%, mainly China (31.9%), the US (17.2%). Meanwhile, imports dropped 3.3% to a 16-month low of EUR 6.6 billion, due to falling purchases of energy products (-10%). Arrivals from the non-EU countries shrank by 7.3%, namely China (-0.9%), Russia (-81.9%); while those from the EU countries showed no growth.
2023-03-08