Finland's trade balance shifted to a deficit of EUR 305 million in April 2019 from a surplus of EUR 142 million in the same month the prior year, preliminary data showed. Exports fell 3 percent year-on-year to EUR 5.42 billion, as sales declined for electrical machinery and equipment and paper and cardboard. In contrast, exports grew for industrial machinery and equipment, pulp, cars, metals, petroleum, and other chemical products. Sales to the EU shrank (-12%), in particular to Germany; while those to outside EU grew (12%), namely to the US and Russia. Imports rose by 5 percent to EUR 5.73 billion, led by refined petroleum products, machinery and equipment and metals. Purchases from the EU advanced 4 percent, and those from outside EU went up 5 percent. Balance of Trade in Finland averaged 211.62 EUR Million from 1975 until 2019, reaching an all time high of 1750 EUR Million in November of 2002 and a record low of -795 EUR Million in December of 2012.

Balance of Trade in Finland is expected to be -200.00 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 -270.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -380.00 EUR Million in 2020, according to our econometric models.

Finland Balance of Trade
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-03-11 07:00 AM Balance of Trade €0.53B €-0.43B €-0.20B
2019-04-09 06:00 AM Balance of Trade €-0.06B €0.51B €-0.29B
2019-05-08 06:00 AM Balance of Trade €-0.1B €-0.11B €-0.27B
2019-06-07 06:00 AM Balance of Trade €-0.31B €-0.11B €-0.11B
2019-07-08 05:00 AM Balance of Trade €-0.31B €-0.18B
2019-08-08 05:00 AM Balance of Trade €-0.20B
2019-09-06 05:00 AM Balance of Trade €-0.33B

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade -305.00 -134.00 1750.00 -795.00 EUR Million [+]
Current Account -4244.00 -238.00 1987.10 -4244.00 EUR Million [+]
Current Account to GDP -1.90 -0.70 8.20 -5.40 percent [+]
Imports 5725.00 5578.00 6060.00 311.30 EUR Million [+]
Exports 5420.00 5444.00 6451.00 190.90 EUR Million [+]
External Debt 539953.00 483352.00 539953.00 203416.00 EUR Million [+]
Terms of Trade 97.50 98.20 145.60 93.20 Index Points [+]
Capital Flows 2680.00 4700.00 6233.00 -10387.00 EUR Million [+]
Foreign Direct Investment 73466.00 76430.00 76430.00 5356.00 EUR Million [+]
Gold Reserves 49.10 49.10 49.14 49.05 Tonnes [+]
Terrorism Index 2.50 2.34 2.50 0.00 [+]
Weapons Sales 68.00 58.00 137.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. This page provides - Finland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-305.00 -134.00 1750.00 -795.00 1975 - 2019 EUR Million Monthly

Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan -967.10 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19