Monthly statistics on the international trade in goods, June 2017

31.8.2017 9.00

Finnish Customs, Statistics

Both export volume and export prices rose in June

The value of Finnish exports of goods increased by two per cent in June year-on-year according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was almost 5,1 billion euros. Export prices increased by 2.0 per cent and export volume by 0.9 per cent. In January-June exports increased by 15 per cent.

The value of imports increased by nine per cent in June and was over 5.1 billion euros. Import prices increased by 2.1 per cent and import volume by 8.8 per cent. In January-June the total import value increased by 13 per cent compared to the previous year.

The balance of trade showed a deficit of 68 million euros in June. In January-June the balance of trade had a deficit of 881 million euros. In June the previous year the trade showed a surplus of 231 million euros, and in January-June the trade balance showed a deficit of almost 1.2 billion euros.

The terms of trade for foreign trade are calculated based on the unit value index. Terms of trade show the ratio between export and import prices. The terms of trade weakened slightly in June because import prices grew more than export prices. The point figure in June was 103.1, while it was 103.2 June the previous year. The terms of trade improved from the previous month's point figure of 101.5.

Exports of industrial machinery, chemical industry products, forest industry products and metals improved compared to the previous year's June, while exports of electrical machinery and equipment, transport equipment and petroleum products were down. Imports of electrical machinery and equipment, transport equipment, food items and metals increased, while imports of industrial machinery, crude oil and petroleum products and chemical industry products declined.  

Exports to EU member states remained at the level of the previous year in June while exports to non-EU countries increased by six per cent. The most important export countries to rise in June were Sweden, Russia, the Netherlands, the United States, China, the United Kingdom and France. Exports to Germany decreased. Imports from EU-countries increased by 11 per cent and imports from non-EU countries by five per cent in June. Imports from Sweden, the Netherlands and the United States decreased, while imports from Russia, Germany, China, the United Kingdom and France increased.

Table 1. Total development (e million)

  June Change January-June Change
2016 2017 % 2016 2017 %
Exports (fob) 4 966 5 072 +2 25 801 29 654 +15
Imports (cif) 4 735 5 141 +9 26 958 30 534 +13
Balance 231 -68   -1 157 -881  

Table 2. International trade indexes

2010=100 June Change Mean* Change
  2016:06 2017:06 2017:06/
2016:07-2017:06 2016:07-2017:06/
Volume index
Exports 102,7 103,7 -7,6 +0,9 95,0 +1,8
Imports 101,3 110,2 -0,3 +8,8 102,2 +2,4
Unit value index
Exports 108,9 111,1 -1,2 +2,0 110,2 +4,4
Imports 105,6 107,8 -2,7 +2,1 108,8 +5,1
* Moving 12-months averages

Free access to detailed statistics on the foreign trade of goods through Uljas

Further information:
Kaarna, Anssi tel. +358 40 332 8153
Telasuo, Christina tel. +358 40 332 1828

Exports and imports of Finland 2014-2017
  • Exports and imports of Finland 2014-2017


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