Finland - Imbangan Perdagangan

Finland's trade balance shifted to a surplus of EUR 5 million in October 2019 from a sedifit of EUR 242 million in the same month the prior year, a preliminary estimate showed. This was the first trade surplus since June, as eports fell 2.2 percent year-on-year to EUR 5.685 billion, as sales fell to both the EU countries (-3.3 percent) and countries outside the EU (-0.8 percent). Meanwhile, imports fell at a faster 6.2 percent to EUR 5.68 billion. Purchases dropped from both the EU countries (-7.8 percent) and countries outside the EU (-3.5 percent). Considering the first ten months of the year, the country posted a trade gap of EUR 840 million, narrowing from a deficit of 2.4 billion in in the corresponding period the prior year. Exports in the period rose 2.2 percent from the same period of the previous year, while imports shrank 0.9 percent.

Finland's trade deficit widened to EUR 210 million in September 2019 from EUR 138 million in the same month last year, a preliminary estimate showed. Exports rose 1.3 percent, mainly boosted by sales of industrial machinery and equipment and refined petroleum products. Among key trade partners, exports rose to the US, Russia, the UK, Germany and Sweden, but fell to China and the Netherlands. Meanwhile, imports increased at a faster 2.6 percent, with purchases of major commodity groups growing firmly. Imports from Germany, the US, China and Sweden were up, while those from Russia and the Netherlands declined. Considering January-September, the trade gap narrowed to EUR 770 million from EUR 2.2 billion in the corresponding period the prior year.

Finland's trade deficit narrowed to EUR 240 million in August 2019 from EUR 523 million in the same month last year. Exports fell 1.6 percent, led by lower sales of petroleum and forest products, machinery and equipment, chemical products and metals. Among major trade partners, exports fell to the US, the Netherlands and the UK, but increased to Germany, Sweden and Russia. Meanwhile, imports slumped 6.5 percent, as purchases were down for almost all major commodity groups, except transport equipment and medicines. Imports dropped from Russia, the Netherlands and the UK, but rose from the US, Germany, China and Sweden. Considering January-August, the trade gap narrowed to EUR 580 million from EUR 2.1 billion in the corresponding period the prior year.

Finnish trade deficit widened to EUR 435 million in July 2019 from EUR 384 in the same month a year earlier, a preliminary data showed. Year-on-year, imports advanced 1.5 percent to EUR 5.47 billion in July, amid higher purchases of machinery and equipment, ores and concentrates. In contrast, imports fell for crude oil, petroleum products, and metals. Imports rose from both EU-countries rose (2.2. percent) and outside EU (0.6 percent). Meanwhile, exports grew at a softer 0.6 percent to EUR 5.04 billion. Sales went up for machinery and equipment, chemical products, transport vehicles, and forest industry. On the other hand, exports declined for petroleum products and machinery, electrical and metal equipment. Overseas sales rose to Germany, Russia, and the US, but fell from EU countries (-3.5 percent). Considering the first seven months 2019, the trade gap narrowed to EUR 290 million from EUR 1.6 billion in the corresponding period the prior year.

Finland posted a trade surplus of EUR 195 million in June 2019, shifting from a EUR 175 million gap in the same month the prior year, preliminary data showed. Exports fell 3 percent year-on-year to EUR 5.245 billion, as sales decreased for transport vehicles; forest industry products, machinery and equipment, and chemical products. Exports declined to Germany, Sweden, Netherlands, and the UK. On the other hand, shipments rose for the US, China, and Russia. Sales to the EU went down 7 percent while those to outside EU fell 3 percent. Imports dropped at a faster 10 percent to EUR 5.050 billion. Purchases from the EU plunged 14 percent, and those from outside EU dropped 3 percent. Considering the first half of the year, the trade balance recorded a surplus of EUR 130 million, compared with a deficit of EUR 1.2 billion in the same period of 2018.

Finland's trade deficit narrowed sharply to EUR 10 million in May 2019 from a EUR 250 million gap in the same month the prior year, preliminary data showed. Exports rose 6 percent year-on-year to EUR 5.715 billion, as sales increased for refined petroleum products and basic metals and instruments and meters. In contrast, exports fell for electrotechnical machinery and equipment. Exports advanced to most major trading partners, particularly the US and Russia. On the other hand, shipments fell for the UK and China. Sales to the EU went up 5% while those to outside EU grew 9%. Imports increased at a softer 2 percent to EUR 5.725 billion. Purchases from the EU advanced 4 percent, and those from outside EU declined 1 percent. Considering the first four months of the year, the trade balance posted a deficit of EUR 90 million, compared with a deficit of EUR 1 billion in the same period of 2018.