Finland's trade deficit widened to EUR 270 million in March 2020 from EUR 120 million in the same month of the previous year, a preliminary estimate showed. Exports declined 8.8 percent partly due to lower sales of pulp and sawn timber, machinery and equipment and refined petroleum products. By contrast, sales of chemical products, copper and nickel rose. Among major trade partners, declines were seen in exports to China, the UK and the Netherlands. Meanwhile, imports fell 6.1 percent as purchases of crude oil and machinery & equipment were down, while pharmaceuticals and precision instruments imports increased. Imports dropped from all major partners, except the US and the Netherlands.

Balance of Trade in Finland averaged 203.50 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 June of 2020. source: Statistics Finland

Balance of Trade in Finland is expected to be -170.00 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 -380.00 EUR Million in 2021, according to our econometric models.

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Finland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-270.00 -746.30 1749.00 -796.00 1975 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 07:00 AM Dec €0.33B €-0.15B € -0.32B
2020-03-09 07:00 AM Jan €-0.40B €0.31B €-0.2B
2020-04-07 06:00 AM Feb €-0.77B €-0.30B €-0.2B
2020-05-08 06:00 AM Mar €-0.27B €-0.75B € -0.27B
2020-06-08 06:00 AM Apr €-0.27B
2020-07-09 06:00 AM May
2020-08-07 06:00 AM Jun € -0.17B
2020-09-07 06:00 AM Jul


News Stream
Finnish Trade Gap Widens in March
Finland's trade deficit widened to EUR 270 million in March 2020 from EUR 120 million in the same month of the previous year, a preliminary estimate showed. Exports declined 8.8 percent partly due to lower sales of pulp and sawn timber, machinery and equipment and refined petroleum products. By contrast, sales of chemical products, copper and nickel rose. Among major trade partners, declines were seen in exports to China, the UK and the Netherlands. Meanwhile, imports fell 6.1 percent as purchases of crude oil and machinery & equipment were down, while pharmaceuticals and precision instruments imports increased. Imports dropped from all major partners, except the US and the Netherlands.
2020-05-08
Finnish Trade Gap Widens in February
Finland's trade deficit widened to EUR 770 million in February 2020 from EUR 120 million in the same month of the previous year, a preliminary estimate showed. Exports tumbled 15.2 percent partly explained by lower sales of forest industry products, petroleum products, and iron & steel products. By contrast, sales of chemical products, copper, and nickel rose sharply. Among major trade partners, declines were seen in exports to Germany, the US, the UK, Belgium, and Sweden. Imports fell 2.5 percent as purchases of crude oil and machinery & equipment were down. Imports from Germany, Russia, the UK, and Sweden dropped, while those from China were unchanged.
2020-04-07
Finnish Trade Balance Swings to Deficit
Finland posted a trade deficit of EUR 365 million in January 2020, compared to a EUR 510 million surplus in the same month of the previous year, a preliminary estimate showed. Exports tumbled 18.3 percent partly explained by a fall in ship deliveries, and by lower sales of forest products, petroleum products, iron & steel products. Among major trade partners, declines were seen in exports to Germany, Sweden, the US, the UK and China, while sales to the Netherlands increased. Imports dropped 3.7 percent, due to lower purchases for oil and machinery & equipment. Imports from Germany, Russia and Sweden dropped, while those from China rose slightly. Meantime, imports from the UK were unchanged.
2020-03-09
Finnish Trade Balance Swings to Surplus
Finland posted a trade surplus of EUR 330 million in December 2019, compared to a EUR 428 million gap in the same month the prior year, a preliminary estimate showed. Exports climbed 13.3 percent, boosted by sales of vessels, petroleum products and nickel. Meanwhile, exports were down for machinery and equipment, vehicles, forest products and other metals. Among major trade partners, exports to Italy, Sweden and China increased, but those to the UK and Germany fell sharply. Imports dropped 1.9 percent due to lower purchases for almost all major commodity groups. Imports from the Netherlands and the US declined, while those from Russia, Germany, Sweden and China rose. Considering 2019 full year, the trade deficit narrowed to EUR 0.7 billion from EUR 2.9 billion in the same period of 2018.
2020-02-10

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.