Finland's trade deficit narrowed to EUR 210 million in May 2021 from EUR 320 million in the same month of the previous year, a preliminary estimate showed. It was the smallest trade deficit since last December, amid a further recovery global demand. Exports surged 28.4 percent to EUR 5.2 billion partly due to higher sales of paper and board, pulp, metals and ores, electrotechnical machinery and equipment, industrial machinery and equipment, and transport equipment. By contrast, sales fell for petroleum products. Among major trade partners increases were seen in exports to the UK, Germany, Sweden, Russia, China and the US Meanwhile, imports increased at a softer 23.8 percent to EUR 5.4 billion, as purchases increased for electrical machinery equipment; transport equipment and parts thereof. Imports grew from Sweden, China, and the UK. Considering the first four months of the year, the trade deficit stood at EUR 1.5 billion, unchanged from the same period of 2020. source: Statistics Finland

Balance of Trade in Finland averaged 194.25 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 July 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.

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Finland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-210.00 -250.00 1749.60 -795.40 1975 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-08 06:00 AM Feb €-0.34B €-0.3B
2021-05-07 06:00 AM Mar €-0.31B €-0.35B €-0.29B
2021-06-07 06:00 AM Apr €-0.265B €-0.30B €-0.34B
2021-07-08 06:00 AM May €-0.21B €-0.250B €-0.4B
2021-08-06 06:00 AM Jun €-0.21B
2021-09-07 06:00 AM Jul
2021-10-08 06:00 AM Aug
2021-11-08 07:00 AM Sep


News Stream
Finnish Trade Gap Smallest in 5 Months
Finland's trade deficit narrowed to EUR 210 million in May 2021 from EUR 320 million in the same month of the previous year, a preliminary estimate showed. It was the smallest trade deficit since last December, amid a further recovery global demand. Exports surged 28.4 percent to EUR 5.2 billion partly due to higher sales of paper and board, pulp, metals and ores, electrotechnical machinery and equipment, industrial machinery and equipment, and transport equipment. By contrast, sales fell for petroleum products. Among major trade partners increases were seen in exports to the UK, Germany, Sweden, Russia, China and the US Meanwhile, imports increased at a softer 23.8 percent to EUR 5.4 billion, as purchases increased for electrical machinery equipment; transport equipment and parts thereof. Imports grew from Sweden, China, and the UK. Considering the first four months of the year, the trade deficit stood at EUR 1.5 billion, unchanged from the same period of 2020.
2021-07-08
Finnish Trade Balance Swings to Deficit
Finland posted a trade deficit of EUR 265 million in April 2021, shifting from a surplus of EUR 185 million in the same month of the previous year, a preliminary estimate showed. Exports rose 18.3 percent to EUR 5.3 billion partly due to higher sales of timber, metals, ores and chemical products, petroleum, electrotechnical machinery and equipment, and industrial machinery and equipment. By contrast, sales fell for paper and board, pulp. Among major trade partners increases were seen in exports to the UK, Germany, Sweden, Russia and China. Meanwhile, imports increased at a faster 29.7 percent to EUR 5.5 billion, as purchases increased for petroleum products; transport equipment and parts thereof. Imports grew from Sweden, Russia, China, and the UK. Considering the first four months of the year, the trade deficit edged up to EUR 1.3 billion from EUR 1.2 billion in the same period of 2020.
2021-06-07
Finnish Trade Deficit Narrows in March
Finland's trade deficit narrowed to EUR 305 million in March 2021 from EUR 345 million in the same month of the previous year, a preliminary estimate showed. Exports increased 12.5 percent to EUR 5.7 billion partly due to higher sales of pulp, timbers, industrial machinery and equipment, electrotechnical machinery and equipment, and metals. In contrast, sales shrank for petroleum, paper and cardboard. Among major trade partners increases were seen in exports to Germany, Sweden, Russia, and China. Meanwhile, imports rose at a softer 11 percent to EUR 6.0 billion, as purchases increased for oil and petroleum products; transport equipment and parts thereof. Imports grew from Sweden and Russia. Considering the first three months of the year, the trade deficit declined to EUR 0.99 billion from EUR 1.4 billion in the same period of 2020.
2021-05-07
Finnish Trade Gap Narrows in February
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.
2021-04-08

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.