Finnish trade deficit widened to EUR 435 million in July 2019 from EUR 384 in the same month a year earlier, a preliminary data showed. Year-on-year, imports advanced 1.5 percent to EUR 5.47 billion in July, amid higher purchases of machinery and equipment, ores and concentrates. In contrast, imports fell for crude oil, petroleum products, and metals. Imports rose from both EU-countries rose (2.2. percent) and outside EU (0.6 percent). Meanwhile, exports grew at a softer 0.6 percent to EUR 5.04 billion. Sales went up for machinery and equipment, chemical products, transport vehicles, and forest industry. On the other hand, exports declined for petroleum products and machinery, electrical and metal equipment. Overseas sales rose to Germany, Russia, and the US, but fell from EU countries (-3.5 percent). Considering the first seven months 2019, the trade gap narrowed to EUR 290 million from EUR 1.6 billion in the corresponding period the prior year. Balance of Trade in Finland averaged 209.94 EUR Million from 1975 until 2019, 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 -10.00 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 -170.00 in 12 months time. In the long-term, the Finland Balance of Trade is projected to trend around -380.00 EUR Million in 2020, according to our econometric models.

Finland Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 06:00 AM Balance of Trade Apr €-0.31B €-0.11B €-0.11B
2019-07-08 06:00 AM Balance of Trade May €-0.01B €-0.32B €-0.18B
2019-08-08 06:00 AM Balance of Trade Jun €0.2B €0.02B €-0.20B
2019-09-06 06:00 AM Balance of Trade Jul €-0.44B €0.21B €-0.33B
2019-10-09 05:00 AM Balance of Trade Aug €-0.44B €-0.27B
2019-11-07 06:00 AM Balance of Trade Sep €-0.01B
2019-12-10 06:00 AM Balance of Trade Oct €-0.19B

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade -435.00 208.00 1750.00 -795.00 EUR Million [+]
Current Account 791.00 626.00 1987.10 -3931.00 EUR Million [+]
Current Account to GDP -1.90 -0.70 8.20 -5.40 percent [+]
Imports 5470.00 5035.10 6053.50 311.30 EUR Million [+]
Exports 5035.00 5242.80 6451.00 190.90 EUR Million [+]
External Debt 539953.00 483352.00 539953.00 203416.00 EUR Million [+]
Terms of Trade 97.50 98.50 145.60 93.20 Index Points [+]
Capital Flows 8275.00 10140.00 14758.00 -23023.00 EUR Million [+]
Foreign Direct Investment 73466.00 76430.00 76430.00 5356.00 EUR Million [+]
Gold Reserves 49.14 49.10 49.14 49.05 Tonnes [+]
Terrorism Index 2.50 2.34 2.50 0.00 [+]
Tourist Arrivals 1812690.00 1269625.00 1812690.00 375587.00 Units [+]
Weapons Sales 68.00 58.00 137.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-435.00 208.00 1750.00 -795.00 1975 - 2019 EUR Million Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 5728.50 Jun/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19