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.