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.

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Finland Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-09-07 06:00 AM Jul €-0.46B €-0.26B
2021-10-08 06:00 AM Aug €-0.59B €-0.41B
2021-11-08 07:00 AM Sep €-0.59B € -0.33B


News Stream
Finnish Trade Gap Widens in August
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.
2021-10-08
Finnish Trade Gap Narrows Slightly in July
Finland's trade deficit narrowed to EUR 460 million in July 2021 from EUR 467 million in the same month of the previous year, amid a further recovery global demand, a preliminary estimate showed. Exports rose 22.5 percent to EUR 5.4 billion, boosted by sales of timber, paper and board, pulp, electrical machinery and equipment, transport equipment, and chemical products, iron and steel. Among major trade partners, increases were seen in exports to Germany, Sweden, Russia, China, the Netherlands, the UK and the US. Meanwhile, imports advanced at a softer 20.3 percent to EUR 5.9 billion, as purchases rose mainly for oil and petroleum products, industrial machinery and equipment, and ores, metals and chemical products. Imports grew from Sweden and Russia, but declined from China and the UK. Considering January-July, the trade deficit narrowed to EUR 2.2 billion from EUR 2.3 billion in the same period of 2020.
2021-09-07
Finnish Trade Gap Narrows in June
Finland's trade deficit narrowed to EUR 185 million in June 2021 from EUR 255 million in the same month of the previous year, a preliminary estimate showed. It was the seventh straight month of deficit in trade balance, and the smallest trade deficit in sequence, amid a further recovery global demand. Exports soared 23.8% to EUR 5.6 billion partly due to higher sales of timber, paper and cardboard, and transport equipment. By contrast, sales dropped for petroleum products. Among major trade partners increases were seen in exports to the UK, Germany, Sweden, Russia, China, the Netherlands and the US. Meanwhile, imports increased at a softer 21.0% to EUR 5.8 billion, as purchases rose mainly for petroleum products. Imports grew from Germany, the Netherlands, Sweden, and Russian, but declined from China, and the UK. Considering the first half of the year, the trade deficit narrowed slightly to EUR 1.7 billion, from EUR 1.8 billion in the same period of 2020.
2021-08-06

Finland Last Unit Reference Previous Highest Lowest
Balance of Trade -590.00 EUR Million Aug/21 -408.00 1749.60 -795.40
Current Account 390.00 EUR Million Aug/21 561.00 2117.00 -4431.00
Imports 5700.00 EUR Million Aug/21 5949.00 6065.00 311.30
Exports 5100.00 EUR Million Aug/21 5537.00 6451.10 190.90
External Debt 586503.00 EUR Million Jun/21 587818.00 587818.00 203416.00
Terms of Trade 100.20 points Aug/21 99.20 145.60 93.20
Capital Flows 176.00 EUR Million Aug/21 -1235.00 7922.00 -10392.00
Foreign Direct Investment 76394.00 EUR Million Dec/19 62945.00 76643.00 5356.00
Tourist Arrivals 32249.00 Persons Jun/21 20917.00 423155.00 3596.00


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.