Finland registered a trade surplus of EUR 0.4 billion in April 2023, shifting from a deficit of EUR 1.0 billion in the same period a year earlier. It was the second straight month of surplus in the trade balance, as exports fell less than imports, preliminary data showed. Shipments shrank 3.8% yoy to a three-month low of EUR 6.4 billion, mainly dragged down by sales of timber (-30%), energy products (-14%), iron & steel (-6%). Sales to the non-EU fell by 10.2%, while those to EU countries rose by 0.6%. Meanwhile, imports plunged 20.6% to a 20-month low of EUR 6.0 billion due to declining purchases of energy products (-41%), industrial machinery & equipment (-15%), and electrical machinery equipment (-5%). Arrivals from the EU countries fell by 13.4%, while those to non-EU countries slumped by 29.2%, namely China (-36%), and Russia (-79.7%). For the first four months of 2023, the country’s trade gap narrowed sharply to EUR 0.5 billion from EUR 4.6 billion in the same period of 2022. source: Statistics Finland
Balance of Trade in Finland averaged 162.79 EUR Million from 1975 until 2023, reaching an all time high of 1749.60 EUR Million in November of 2002 and a record low of -1510.00 EUR Million in March of 2022. 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 2023.
Balance of Trade in Finland is expected to be -830.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Balance of Trade is projected to trend around -480.00 EUR Million in 2024 and -470.00 EUR Million in 2025, according to our econometric models.