Finland's trade surplus widened to EUR 1.0 billion in December 2020, up from EUR 367 million in the same month of the previous year, a preliminary estimate showed. It was the largest trade surplus since October 2010, as exports rose 6.8 percent to USD 6.0 billion partly due to higher sales of timber, industrial machinery and equipment, transport equipment, iron and steel, copper and chemical products. Conversely, sales of petroleum products fell. Among major trade partners, increases were seen in exports to the US, Germany, China and the Netherlands. Meanwhile, imports dropped 5.3 percent to USD 5.0 billion, as purchases were down for oil and petroleum products, and industrial machinery and equipment. Imports fell from Russia, Germany, the Netherlands and Sweden. Considering 2020 full year, the trade gap widened sharply to EUR 2.0 billion from EUR 0.8 billion in the same period of 2019. source: Statistics Finland
Balance of Trade in Finland averaged 198.90 EUR Million from 1975 until 2020, reaching an all time high of 1749.60 EUR Million in November of 2002 and a record low of -795.40 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 February of 2021.
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 -380.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -380.00 EUR Million in 2022, according to our econometric models.