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.