Finland's trade deficit widened to EUR 590 million in August 2021 from EUR 254 million in the same month of the previous year. It was the eighth straight month of deficit in trade balance and the largest in current sequence, a preliminary estimate showed. Exports grew 15.9 percent to EUR 5.1 billion, boosted by sales of timber, paper and cardboard, pulp, electrical machinery and equipment, and petroleum. Among major trade partners, increases were seen in exports to Sweden, Russia, China, the Netherlands and the UK. Meanwhile, imports advanced at a faster 22.2 percent to EUR 5.7 billion, as purchases increased for petroleum products, industrial machinery and equipment, ores, metals, and chemical products. Imports grew from Sweden, Germany, Russia, the Netherlands and China, but declined from the UK. Considering January-August, the trade deficit widened to EUR 2.8 billion from EUR 2.5 billion in the same period of 2020. source: Statistics Finland
Balance of Trade in Finland averaged 191.90 EUR Million from 1975 until 2021, 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 October 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. In the long-term, the Finland Balance of Trade is projected to trend around -330.00 EUR Million in 2022 and -380.00 EUR Million in 2023, according to our econometric models.