Finland Balance of Trade1975-2020 Data | 2021-2023 Forecast | Calendar | Historical

Finland's trade surplus widened to EUR 1.0 billion in December 2020, up from EUR 367 million in the same month of the previous year, a preliminary estimate showed. It was the largest trade surplus since October 2010, as exports rose 6.8 percent to USD 6.0 billion partly due to higher sales of timber, industrial machinery and equipment, transport equipment, iron and steel, copper and chemical products. Conversely, sales of petroleum products fell. Among major trade partners, increases were seen in exports to the US, Germany, China and the Netherlands. Meanwhile, imports dropped 5.3 percent to USD 5.0 billion, as purchases were down for oil and petroleum products, and industrial machinery and equipment. Imports fell from Russia, Germany, the Netherlands and Sweden. Considering 2020 full year, the trade gap widened sharply to EUR 2.0 billion from EUR 0.8 billion in the same period of 2019.

Finland's trade deficit increased to EUR 180 million in November 2020 from EUR 114.3 million in the same month of the previous year, a preliminary estimate showed. Exports fell 3.5 percent from a year earlier to USD 4.9 billion partly due to lower sales of petroleum products, paper and board, sawn timber, industrial machinery equipment, and electrical machinery equipment. By contrast, sales of copper and chemical products increased. Among major trade partners, decreases were seen in exports to the US, Sweden and the Netherlands. Meanwhile, imports dropped 2.2 percent year-on-year to USD 5.1 billion, as purchases of petroleum products, industrial machinery and equipment were down, while increases were seen in electrical machinery, pharmaceuticals, ores and scrap metal. Imports fell from Russia, the Netherlands, and Sweden. Considering the first eleven months of the year, the trade gap widened sharply to EUR 3.1 billion from EUR 1.2 billion in the same period of 2019.

Finland's trade deficit increased to EUR 60 million in October 2020 from EUR 36 million in the same month of the previous year, a preliminary estimate showed. Exports fell 11.8 percent partly due to lower sales of petroleum products, paper and board, sawn timber, industrial machinery equipment, electrical machinery equipment, and transport equipment. By contrast, sales of copper and pharmaceutical products increased. Among major trade partners, decreases were seen in exports to Germany, Russia, China, and the UK. Meanwhile, imports dropped 11.3 percent as purchases of petroleum products, transport equipment, industrial machinery and equipment, electrical machinery and equipment were down, while increases were seen in pharmaceutical products, textiles, ores and scrap metal. Imports fell from Russia, Germany, Sweden and China. Considering the first ten months of the year, the trade gap widened sharply to EUR 2.9 billion from EUR 1.1 billion in the same period of 2019.

Finland's trade deficit increased to EUR 380 million in September 2020 from EUR 243 million in the same month of the previous year, a preliminary estimate showed. Exports fell 7.9 percent partly due to lower sales of petroleum products, paper and board, electrical machinery equipment, transport equipment, and sawn timber. By contrast, sales of copper, gold, steel and pharmaceutical products increased. Among major trade partners, decreases were seen in exports to Germany, Russia, China, and the US. Meanwhile, imports dropped 5.1 percent as purchases of petroleum products, transport equipment, industrial machinery and equipment, electrical machinery and equipment were down, while increases were seen in pharmaceutical products and aircraft. Imports fell from Russia, Germany, and the Sweden, but increased to China. Considering the first nine months of the year, the trade gap widened sharply to EUR 2.8 billion from EUR 1 billion in the same period of 2019.