Finland's trade deficit widened to EUR 280 million in May 2020 from EUR 15 million in the same month of the previous year, a preliminary estimate showed. Exports plunged 30.9 percent partly due to lower sales of transport equipment, petroleum products, machinery equipment, and forest industry products. By contrast, sales of copper and nickel rose. Among major trade partners, decreases were seen in exports to Germany, Russia and the US. Meanwhile, imports tumbled 26.3 percent as purchases of petroleum products, transport equipment, machinery and equipment were down, while nickel imports rose sharply. Imports dropped from the US, Russia and Germany. Considering January to May of this year, the trade gap widened to EUR 1.5 billion from EUR 65 million in the same period of 2019.

Balance of Trade in Finland averaged 202.47 EUR Million from 1975 until 2020, reaching an all time high of 1749 EUR Million in November of 2002 and a record low of -796 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 August of 2020. source: Statistics Finland

Balance of Trade in Finland is expected to be -170.00 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 -330.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -380.00 EUR Million in 2021, according to our econometric models.

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Finland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-280.00 185.00 1749.00 -796.00 1975 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-07 06:00 AM Feb €-0.77B €-0.30B €-0.2B
2020-05-08 06:00 AM Mar €-0.27B €-0.75B € -0.27B
2020-06-08 06:00 AM Apr €0.19B €-0.34B €-0.15B
2020-07-09 06:00 AM May €-0.28B €0.19B €-0.1B
2020-08-07 06:00 AM Jun €-0.28B € -0.17B
2020-09-07 06:00 AM Jul
2020-10-07 06:00 AM Aug
2020-11-06 07:00 AM Sep € -0.17B


News Stream
Finnish Trade Gap Widens in May
Finland's trade deficit widened to EUR 280 million in May 2020 from EUR 15 million in the same month of the previous year, a preliminary estimate showed. Exports plunged 30.9 percent partly due to lower sales of transport equipment, petroleum products, machinery equipment, and forest industry products. By contrast, sales of copper and nickel rose. Among major trade partners, decreases were seen in exports to Germany, Russia and the US. Meanwhile, imports tumbled 26.3 percent as purchases of petroleum products, transport equipment, machinery and equipment were down, while nickel imports rose sharply. Imports dropped from the US, Russia and Germany. Considering January to May of this year, the trade gap widened to EUR 1.5 billion from EUR 65 million in the same period of 2019.
2020-07-09
Finland Posts Trade Surplus for 1st Time in 4 Months
Finland posted a trade surplus of EUR 190 million in April 2020, shifting from a EUR 320 million gap in the same month of the previous year, a preliminary estimate showed. It was the first trade surplus since last December, as exports fell less than imports. Exports dropped 19.8 percent partly due to lower sales of transport equipment, petroleum products, machinery equipment, and forest industry products. By contrast, sales of pharmaceuticals, copper and nickel rose. Among major trade partners, declines were seen in exports to Germany, Russia and the US. Meanwhile, imports tumbled 27.5 percent as purchases of petroleum products, transport equipment, machinery and equipment were down, while ore imports increased. Imports declined from France, Russia and Germany.
2020-06-08
Finnish Trade Gap Widens in March
Finland's trade deficit widened to EUR 270 million in March 2020 from EUR 120 million in the same month of the previous year, a preliminary estimate showed. Exports declined 8.8 percent partly due to lower sales of pulp and sawn timber, machinery and equipment and refined petroleum products. By contrast, sales of chemical products, copper and nickel rose. Among major trade partners, declines were seen in exports to China, the UK and the Netherlands. Meanwhile, imports fell 6.1 percent as purchases of crude oil and machinery & equipment were down, while pharmaceuticals and precision instruments imports increased. Imports dropped from all major partners, except the US and the Netherlands.
2020-05-08
Finnish Trade Gap Widens in February
Finland's trade deficit widened to EUR 770 million in February 2020 from EUR 120 million in the same month of the previous year, a preliminary estimate showed. Exports tumbled 15.2 percent partly explained by lower sales of forest industry products, petroleum products, and iron & steel products. By contrast, sales of chemical products, copper, and nickel rose sharply. Among major trade partners, declines were seen in exports to Germany, the US, the UK, Belgium, and Sweden. Imports fell 2.5 percent as purchases of crude oil and machinery & equipment were down. Imports from Germany, Russia, the UK, and Sweden dropped, while those from China were unchanged.
2020-04-07

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.