Finland posted a trade surplus of EUR 195 million in June 2019, shifting from a EUR 175 million gap in the same month the prior year, preliminary data showed. Exports fell 3 percent year-on-year to EUR 5.245 billion, as sales decreased for transport vehicles; forest industry products, machinery and equipment, and chemical products. Exports declined to Germany, Sweden, Netherlands, and the UK. On the other hand, shipments rose for the US, China, and Russia. Sales to the EU went down 7 percent while those to outside EU fell 3 percent. Imports dropped at a faster 10 percent to EUR 5.050 billion. Purchases from the EU plunged 14 percent, and those from outside EU dropped 3 percent. Considering the first half of the year, the trade balance recorded a surplus of EUR 130 million, compared with a deficit of EUR 1.2 billion in the same period of 2018. Balance of Trade in Finland averaged 211.05 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 -10.00 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 -170.00 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.