Imports and exports

Updated: 9 Mar 2020
Next update: 9 Apr 2020

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.

The information on the trade carried on by Finland with the other EU Member States is collected from the compulsory statistical declarations provided monthly by importers and exporters through the Intrastat system of internal trade. The information on the trade between Finland and Third Countries is obtained from customs declarations, which have to be submitted on every import and export consignment. The data on both internal and external trade are put together to form the statistics on the foreign trade of Finland.

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.

   

EXPORTS DECREASED BY 18.3 PER CENT IN JANUARY

According to the preliminary statistics of international trade in goods provided by Finnish Customs, the value of Finnish exports decreased by 18.3 per cent while the value of imports decreased by 3.7 per cent in January year-on-year. The value of Finnish exports in January was almost 4.8 billion euros and the value of imports was slightly over 5.1 billion euros.

High value vessel deliveries in the reference month partly explain the steep drop in exports. Calculated without the impact of vessel deliveries exports would have decreased by 7.9 per cent in January.

The trade balance showed a deficit of 365 million euros in January. Under the same period last year, the balance of trade showed a surplus of 510 million euros.

Exports to EU member states decreased by 21.4 per cent in January and exports to non-EU countries by 13.2 per cent. Imports from EU-countries diminished by 4.5 per cent and imports from non-EU countries fell by 2.5 per cent in January.