Finland Balance of Trade

Last Release

Jul 31, 2024

Actual

Units In

EUR Million

995

Frequency

Monthly

Next Release

Oct 07, 2024

Time to Release

27 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
1,749.6 Nov 2002	-1,255 Jul 2022	159.61 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 recorded a trade surplus of EUR 0.09 billion in July 2024, compared to a deficit of EUR 0.61 billion in the same month last year, a preliminary estimate showed. Year-on-year, exports climbed 16.6% to EUR 6.24 billion, driven by higher sales to non-EU countries (21.9%) and the EU (12.4%). Among trading partners, exports rose mainly to Germany (0.7%), Sweden (18%), the USA (42.3%), Netherlands (19.2%), and China (3.2%). Meanwhile, imports rose 3.1% to EUR 6.15 billion, due to increased purchases from the EU (7.6%) while imports from non-EU countries dropped (-2.3%). Arrivals increased mostly from Germany (15.9%), the USA (27.4%), Netherlands (12%), and Norway (14.4%). Considering January to July period, the country’s trade deficit narrowed to EUR 1.04 billion from EUR 1.80 billion in the corresponding period of the previous year.