Finland's trade deficit narrowed to EUR 60 million in November 2018 from EUR 238 million in the same month a year earlier. It was the smallest trade gap since a surplus in April, as exports rose 9 percent to EUR 5.77 billion, driven by sales of chemical forest industry products, oil, machinery and equipment, iron, steel and nickel. Among major trading partners, exports to the EU grew 9 percent, and those to non-EU countries increased 8 percent. Still, exports to the US dropped. Meanwhile, imports rose at a softer 5 percent to EUR 5.83 billion boosted by purchases of fuel, electrotechnical machinery and equipment, instruments and meters. Imports from the EU rose 2 percent, mainly from Sweden and despite a decline in purchases from Germany and the UK; and imports from non-EU countries increased 10 percent, in particular from Russia, the US and China. In January to November, the trade gap narrowed slightly to EUR 2.2 billion from EUR 2.4 billion in the same period of 2017. Balance of Trade in Finland averaged 214.98 EUR Million from 1975 until 2018, reaching an all time high of 1750 EUR Million in November of 2002 and a record low of -795 EUR Million in December of 2012.

Balance of Trade in Finland is expected to be -200.00 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 255.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around 325.00 EUR Million in 2020, according to our econometric models.

Finland Balance of Trade
Forecast Data Chart
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.

Calendar GMT Actual Previous Consensus TEForecast
2018-10-09 06:00 AM Balance of Trade €-0.4B €-0.46B €-0.27B
2018-11-07 07:00 AM Balance of Trade €-0.16B €-0.4B € -0.22B
2018-12-07 07:00 AM Balance of Trade €-0.18B €-0.14B €-0.17B
2019-01-08 07:00 AM Balance of Trade €-0.06B €-0.21B €-0.19B
2019-02-07 07:00 AM Balance of Trade €-0.06B € 0.14B
2019-03-11 07:00 AM Balance of Trade €-0.20B
2019-04-09 06:00 AM Balance of Trade €-0.29B

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade -60.00 -205.00 1750.00 -795.00 EUR Million [+]
Current Account 174.00 -135.00 1987.10 -1815.90 EUR Million [+]
Current Account to GDP -0.70 -0.70 8.20 -5.40 percent [+]
Imports 5825.00 5990.00 5990.00 311.30 EUR Million [+]
Exports 5765.00 5785.00 6451.00 190.90 EUR Million [+]
External Debt 439712.00 423985.00 478976.00 203416.00 EUR Million [+]
Terms of Trade 98.60 97.30 145.60 93.20 Index Points [+]
Capital Flows 1011.00 -6259.00 6233.00 -10387.00 EUR Million [+]
Foreign Direct Investment 73466.00 76430.00 76430.00 5356.00 EUR Million [+]
Gold Reserves 49.10 49.10 49.14 49.05 Tonnes [+]
Terrorism Index 2.34 2.38 2.38 0.00 [+]
Weapons Sales 58.00 66.00 137.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. This page provides - Finland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-60.00 -205.00 1750.00 -795.00 1975 - 2018 EUR Million Monthly

Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18