The Finnish trade deficit increased to EUR 410 million in November of 2021 from EUR 241 million in the same month a year earlier, preliminary data showed. Exports grew by 30.9% yoy to EUR 6.5 billion, with sales increasing from both the EU countries (33.7%) and non-EU countries (27.2%). Meantime, imports expanded at a faster 32.7% to EUR 6.9 billion, as arrivals rose from both the EU countries (24.9%) and non-EU countries (44.3%). Considering the first eleven months of the year, the trade gap in Finland amounted to EUR 3.7 billion, with shipments gaining 19.4% and purchases rising at a softer 18.9%. source: Statistics Finland

Balance of Trade in Finland averaged 187.89 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 January of 2022.

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 2023 and -380.00 EUR Million in 2024, according to our econometric models.

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Finland Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-12-08 07:00 AM Oct €-0.57B €0.1B
2022-01-07 07:00 AM Nov €-0.41B €-0.59B
2022-02-07 07:00 AM Dec €-0.41B € -0.33B


Related Last Previous Unit Reference
Balance of Trade -410.00 -585.00 EUR Million Nov/21
Current Account 403.00 -1974.00 EUR Million Nov/21
Exports 6515.00 6070.00 EUR Million Nov/21
Imports 6925.00 6655.00 EUR Million Nov/21
External Debt 608969.00 586503.00 EUR Million Sep/21
Terms of Trade 97.20 99.30 points Nov/21
Capital Flows -2252.00 -5217.00 EUR Million Nov/21
Foreign Direct Investment 73758.00 76394.00 EUR Million Dec/20
Tourist Arrivals 86388.00 117102.00 Persons Sep/21

News Stream
Finnish Trade Gap Widens
The Finnish trade deficit increased to EUR 410 million in November of 2021 from EUR 241 million in the same month a year earlier, preliminary data showed. Exports grew by 30.9% yoy to EUR 6.5 billion, with sales increasing from both the EU countries (33.7%) and non-EU countries (27.2%). Meantime, imports expanded at a faster 32.7% to EUR 6.9 billion, as arrivals rose from both the EU countries (24.9%) and non-EU countries (44.3%). Considering the first eleven months of the year, the trade gap in Finland amounted to EUR 3.7 billion, with shipments gaining 19.4% and purchases rising at a softer 18.9%.
2022-01-07
Finnish Trade Gap Widens Sharply
The Finnish trade deficit increased sharply to EUR 565 million in October of 2021 from EUR 85.4 million in the same month a year earlier, preliminary data showed. Exports grew by 17.4% yoy to EUR 6.0 billion, with sales increasing from both the EU countries (17.6%) and non-EU countries (17.0%). Meantime, imports expanded at a faster 26.2% to EUR 6.6 billion, as arrivals from the EU countries rose by 16.0% while those from non-EU countries jumped 41.6%. Considering the first eleven months of the year, the trade gap in Finland amounted to EUR 3.2 billion, with shipments gaining 18.0% and purchases rising at a softer 17.2%.
2021-12-08
Finland Posts Trade Surplus for 1st Time in 9 Months
Finland posted a trade surplus of EUR 100 million in September 2021, shifting from a deficit of EUR 445.1 million in the same month of the previous year. It was the first surplus in trade balance since last December, amid further recovery in global demand, a preliminary estimate showed. Exports jumped 32.2 percent to EUR 6.5 billion, boosted by sales of paper and cardboard, pulp, electrical machinery and equipment, petroleum products. Among major trade partners, increases were seen in exports to Germany, Sweden, Russia, China, the Netherlands, the UK and the US. Meanwhile, imports grew at a softer 19.4 percent to EUR 6.4 billion, as purchases increased for petroleum products, industrial machinery and equipment, ores and metals. Imports rose from China, Sweden, Germany, Russia and the Netherlands, but declined from the UK. Considering the first nine months of the year, the trade deficit narrowed to EUR 2.7 billion from EUR 3.0 billion in the same period of 2020.
2021-11-08

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.