Finland's trade deficit narrowed to EUR 340 million in February 2021 from EUR 775 million in the same month of the previous year, a preliminary estimate showed. Exports increased 8.0 percent to EUR 4.8 billion partly due to higher sales of paper and board, timbers, pulp, transport equipment, metals and chemical products. In contrast, sales shrank for petroleum, machinery and equipment. Among major trade partners increases were seen in exports to Germany, Sweden, Russian, the UK and China. Meanwhile, imports dropped by 1.5 percent to EUR 5.2 billion, as purchases were down for oil and petroleum products; transport equipment and thereof. Imports fell from Germany, the Netherlands, and the UK. Considering the first two months of the year, the trade deficit declined to EUR 0.65 billion from EUR 1.10 billion in the same period of 2020. source: Statistics Finland
Balance of Trade in Finland averaged 196.81 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 May 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. Looking forward, we estimate Balance of Trade in Finland to stand at -380.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -380.00 EUR Million in 2022, according to our econometric models.