Finland's trade deficit increased to EUR 380 million in September 2020 from EUR 243 million in the same month of the previous year, a preliminary estimate showed. Exports fell 7.9 percent partly due to lower sales of petroleum products, paper and board, electrical machinery equipment, transport equipment, and sawn timber. By contrast, sales of copper, gold, steel and pharmaceutical products increased. Among major trade partners, decreases were seen in exports to Germany, Russia, China, and the US. Meanwhile, imports dropped 5.1 percent as purchases of petroleum products, transport equipment, industrial machinery and equipment, electrical machinery and equipment were down, while increases were seen in pharmaceutical products and aircraft. Imports fell from Russia, Germany, and the Sweden, but increased to China. Considering the first nine months of the year, the trade gap widened sharply to EUR 2.8 billion from EUR 1 billion in the same period of 2019. source: Statistics Finland
Balance of Trade in Finland averaged 198.56 EUR Million from 1975 until 2020, reaching an all time high of 1749 EUR Million in November of 2002 and a record low of -796 EUR Million in December of 2012. 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 2020.
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. Looking forward, we estimate Balance of Trade in Finland to stand at -330.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -330.00 EUR Million in 2021 and -380.00 EUR Million in 2022, according to our econometric models.