Finland's trade deficit increased to EUR 600 million in June of 2022 from EUR 285 million in the same month a year earlier. The reading marked the ninth straight month of trade gap, as exports rose less than imports, amid surging energy prices, preliminary data showed. Imports soared by 29.7% year-on-year to EUR 7.8 billion, as arrivals jumped from both the EU countries (15.6%) and non-EU countries (52.6%), while shipments grew 25.6% to EUR 7.2 billion, with sales climbing for both the EU countries (33.2%) and non-EU countries (16.4%). Considering the first half the year, the trade gap widened sharply to EUR 6.3 billion from EUR 1.9 billion a year earlier. source: Statistics Finland

Balance of Trade in Finland averaged 174.37 EUR Million from 1975 until 2022, reaching an all time high of 1749.60 EUR Million in November of 2002 and a record low of -1396 EUR Million in March of 2022. 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 August 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Finland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-06 06:00 AM May €-1.175B €-0.9B €-1.2B
2022-08-05 06:00 AM Jun €-0.6B €-1.203B € -0.33B
2022-09-06 06:00 AM Jul €-0.6B


Related Last Previous Unit Reference
Balance of Trade -600.00 -1203.00 EUR Million Jun 2022
Current Account -101.00 -1559.00 EUR Million Jun 2022
Imports 7800.00 8141.00 EUR Million Jun 2022
Exports 7200.00 6939.00 EUR Million Jun 2022
External Debt 588467.00 515670.00 EUR Million Mar 2022
Terms of Trade 100.40 99.70 points Jun 2022
Capital Flows -4290.00 4972.00 EUR Million Jun 2022
Foreign Direct Investment 73758.00 76394.00 EUR Million Dec 2020
Tourist Arrivals 104190.00 205926.00 Jan 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-600.00 -1203.00 1749.60 -1396.00 1975 - 2022 EUR Million Monthly

News Stream
Finnish Trade Deficit Widens in June
Finland's trade deficit increased to EUR 600 million in June of 2022 from EUR 285 million in the same month a year earlier. The reading marked the ninth straight month of trade gap, as exports rose less than imports, amid surging energy prices, preliminary data showed. Imports soared by 29.7% year-on-year to EUR 7.8 billion, as arrivals jumped from both the EU countries (15.6%) and non-EU countries (52.6%), while shipments grew 25.6% to EUR 7.2 billion, with sales climbing for both the EU countries (33.2%) and non-EU countries (16.4%). Considering the first half the year, the trade gap widened sharply to EUR 6.3 billion from EUR 1.9 billion a year earlier.
2022-08-05
Finish Trade Deficit Widens in May
Finland's trade deficit increased to EUR 1,175 million in May of 2022 from EUR 225 million in the same month a year earlier, due to a surge in imports, amid soaring energy prices, preliminary data showed. The reading marked the eighth straight month of trade gap, as exports rose less than imports. Imports jumped by 46.7% year-on-year to EUR 8.1 billion, as arrivals soared from both the EU countries (28.6%) and non-EU countries (75.1%), while shipments climbed 30.7% to EUR 6.9 billion, with sales rising for both the EU countries (39.6%) and non-EU countries (20.6%). Considering the first five months of the year, the trade gap widened sharply to EUR 5.6 billion from EUR 1.6 billion a year earlier.
2022-07-06
Finnish Trade Deficit Widens in April
Finland's trade deficit increased to EUR 900 million in April of 2022 from EUR 265 million in the same month a year earlier, due to a jump in imports, amid soaring energy prices, preliminary data showed. The reading also marked the seventh straight month of trade gap, as exports rose less than imports. Imports surged by 33.1% year-on-year to EUR 7.5 billion, as arrivals grew from both the EU countries (18.2%) and non-EU countries (56.4%), while shipments went up 22.9% to EUR 6.6 billion, with sales rising for both the EU countries (33.3%) and non-EU countries (10.5%). Considering the first four months of the year, the trade gap widened sharply to EUR 4.3 billion from EUR 1.4 billion a year earlier.
2022-06-07