The Finland trade deficit narrowed to EUR 160 million in September 2018 from EUR 260 million in the same month a year earlier. It is the smallest trade gap since June, as exports rose while imports were flat. Imports were unchanged at EUR 5.3 billion. Purchases of oil and petroleum products increased sharply while imports of machines and machinery equipment fell. Imports from non-EU countries rose 16 percent, while those from the EU dropped 9 percent. Exports increased by 2 percent to EUR 5.1 billion, driven by sales of paper pulp, paper and cardboard, and electrical machinery and equipment. On the other hand, exports of copper and zinc fell. Exports to the EU were unchanged. Meanwhile, exports to Germany and Russia continued to drop, while those to almost all major export countries rose. Sales to non-EU countries went up 5 percent. Considering the first nine months of the year, the trade gap slightly narrowed to EUR 1.9 billion from EUR 2.0 billion in the same period of 2017. Balance of Trade in Finland averaged 216.56 EUR Million from 1975 until 2018, 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.

Finland Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 06:00 AM Balance of Trade €-0.45B €0.01B €-0.32B
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 €-0.16B €-0.17B

Finland Trade Last Previous Highest Lowest Unit
Balance of Trade -160.00 -419.00 1749.00 -796.00 EUR Million [+]
Exports 5100.00 5054.00 6451.00 190.90 EUR Million [+]
Imports 5300.00 5473.00 5878.00 311.30 EUR Million [+]
Current Account 100.00 -252.00 1987.10 -1815.90 EUR Million [+]
Current Account to GDP 0.70 -0.30 8.20 -5.40 percent [+]
External Debt 423985.00 419335.00 478976.00 203416.00 EUR Million [+]
Terms of Trade 97.00 97.40 145.60 93.20 Index Points [+]
Capital Flows 5984.00 -3490.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-160.00 -419.00 1749.00 -796.00 1975 - 2018 EUR Million Monthly

Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18