Imports and exports
|Updated: 9.4.2018 - Next update: 8.5.2018|
EXPORTS INCREASED BY NINE PER CENT IN FEBRUARY
According to the preliminary statistics of international trade in goods provided by Finnish Customs, the value of Finnish exports increased by nine per cent and the value of imports increased by eight per cent in February compared with the year before. The value of Finnish exports in February was almost 4.8 billion euros and the value of imports was slightly under 5.1 billion euros. Calculated from the beginning of the year, exports increased by 11 per cent and imports by six per cent.
The trade balance showed a deficit of 285 million euros in February. Calculated from January to February there was a deficit of 445 million euros. Under the same period last year, the balance of trade showed a deficit of 835 million euros. Last year the trade balance for February showed a deficit of 295 million euros.
Exports to EU member states increased by seven per cent in February and exports to non-EU countries by 12 per cent. Imports from EU-countries increased by eight per cent and imports from non-EU countries grew also by eight per cent in February. Calculated from the beginning of the year, exports to EU increased by nine per cent and to non-EU countries by 14 per cent. During the same period imports from EU member states rose by nine per cent and from other countries by two per cent.
Finnish Customs / Foreign trade statistics
Description of indicator
Foreign Trade Statistics describes the commodity trade between Finland and other Member States of the European Union (EU) and between Finland and Third Countries i.e. the internal and external trade. Foreign Trade Statistics is the official information source on the importation, exportation, and balance of trade of Finland. Preliminary statistics on foreign trade of goods convey the first monthly data on the foreign trade of Finland. The preliminary statistics present the development of Finland's export, import, and balance of trade both in the aggregate and by the other EU Member States, Euro territory, and countries not in the EU.
As a rule, all goods exported from and imported in Finland are recorded to statistics. The prerequisite for the inclusion in statistics is that the goods physically arrive in or depart from this country. By way of exception, water- and aircraft are recorded to statistics upon a change in the status of ownership. Among other things, neither transit transports nor economic measures of insignificant commercial value are included in the statistics. Also the smallest companies are released from the obligation to declare statistics on internal trade. Neither is foreign trade in services recorded to these statistics.