Finland Balance of Trade

Last Release

Dec 31, 2024

Actual

-110

Units In

EUR Million

Frequency

Monthly

Next Release

Mar 10, 2025

Time to Release

30 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
1,749.6 Nov 2002	-1,255 Jul 2022	157.61 EUR Million	1975-2024	Statistics Finland

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.

Latest Updates

Finland’s trade deficit narrowed to EUR 0.11 billion in December 2024 from EUR 0.52 billion from the corresponding month of the previous year, preliminary estimates showed. Imports dropped by 1.6% year-on-year to EUR 6.13 billion, due to reduced purchases from non-EU (-9.7%) although it improved for EU countries (5.5%). Imports fell mostly from United Kingdom (-37.1%), China (-25.5%), Switzerland (-14.0%), and Sweden (-8.5%). Meanwhile, exports increased by 5.5% to EUR 6.02 billion, boosted by sales to EU (7.2%) and non-EU countries (3.1%). Among trading partners, exports improved mainly to Latvia (207.7%), US (36.0%), Sweden (27.6%), and Canada (24.5%). For the whole year of 2024, the country recorded a trade deficit of EUR 2.12 billion.