Finland Balance of Trade

Last Release

Feb 28, 2025

Actual

-210

Units In

EUR Million

-155

Frequency

Monthly

Next Release

May 07, 2025

Time to Release

25 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
1,749.6 Nov 2002	-1,255 Jul 2022	156.48 EUR Million	1975-2025	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 0.21 billion in February 2025 from EUR 0.73 billion in the same month of the previous year, according to preliminary estimates. Imports fell by 3.3% year-on-year to EUR 5.95 billion, driven by reduced purchases from non-EU countries (-10.1%). However, purchases increased from the EU countries (1.5%). The sharpest declines in imports were from the United Kingdom (-36.4%), Canada (-25.2%), the United States (-21.0%), and Russia (-14.9%). Meanwhile, exports increased by 5.8% to EUR 5.74 billion, boosted by sales to EU countries (3.4%) and non-EU countries (9.2%). Among key trading partners, exports increased mainly to Latvia (104.5%), Lithuania (71.5%), South Korea (48.1%), Norway (48.0%), and Poland (32.3%). For the first two months of the year, the country’s trade deficit shrank to EUR 395 million from EUR 1.0 billion in the same period of last year.