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.