Finland Balance of Trade

Last Release

Oct 31, 2024

Actual

-330

Units In

EUR Million

290

Frequency

Monthly

Next Release

Jan 08, 2025

Time to Release

1 Months 1 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
1,749.6 Nov 2002	-1,255 Jul 2022	158.25 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 widened sharply to EUR 0.33 billion in October 2024 from EUR 0.03 billion from the corresponding month of the previous year, preliminary estimates showed. Exports advanced by 1.1% year-on-year to EUR 6.3 billion, supported by higher sales to EU countries (3.7%), while shipments continued to decline to non-EU countries (-2.6%). Among trading partners, exports increased mainly to Germany (3.2%), Sweden (7.7%), and China (8.5%). Meanwhile, imports rose by 5.9% to EUR 6.7 billion, driven by increased purchases from EU countries (0.4%) and non-EU countries (14%). Imports grew mostly from Germany (4.6%), China (17%), and the US (15.1%). For the first ten months of the year, the country’s trade deficit increased to EUR 2 billion from EUR 1.6 billion in the same period of last year.