Foreign trade in national accounts

Updated: 26 Feb 2021
Next update: 17 Sep 2021

Exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents.

Imports of goods and services consist of transactions in goods and services (purchases, barter, gifts or grants) from non-residents to residents.

The development of foreign trade has a key influence on national economic conditions and on the balance of general government finances. Foreign trade, moreover, forms a significant part of Finland’s GDP. In addition to growth of the economy and trade, the development of foreign trade measures at the same time the competitiveness of Finland’s industry and business sector operating conditions and their attractiveness for the investments of international companies.

Foreign trade is affected by, among other things, global economic trends, fluctuations in aggregate demand, the general trend of prices, the competitiveness of the national tax system, and legislation regulating international trade. National room for manoeuvre in international markets and the ability to control the development of trade have declined dramatically in recent years. Due to altered economic conditions, internationalisation of markets, EU integration and membership of the Economic and Monetary Union, national economic policy will be increasingly influenced in future by industrial policy measures.