Finland Balance of Trade

Last Release

Sep 30, 2024

Actual

290

Units In

EUR Million

-295

Frequency

Monthly

Next Release

Dec 05, 2024

Time to Release

27 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
1,749.6 Nov 2002	-1,255 Jul 2022	159.06 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 recorded a trade surplus of EUR 0.29 billion in September 2024, the same figure from the corresponding month of the previous year, preliminary estimates showed. Exports advanced by 1.7% year-on-year to a three-month high of EUR 6.5 billion, supported by higher sales to non-EU countries (7.3%), while shipments continued to decline to EU countries (-2.6%). Among trading partners, exports increased mainly to Germany (6.3%), Netherlands (10.5%), and the United Kingdom (56.8%). Meanwhile, imports rose by 1.7% to EUR 6.21 billion, driven by increased purchases from non-EU countries (4.5%), while arrivals dropped for EU countries (-0.2%). Imports grew mostly from Germany (5.8%), US (0.2%), China (23.8%), United Kingdom (6.1%), and Poland (8.2%). For the first nine months of the year, the country’s trade deficit narrowed to EUR 1.5 billion from EUR 1.6 billion in the same period of last year.