Upward turn in exports to EU countries in late 2013
Exports decreased slightly in 2013
According to Finnish Customs’ preliminary data, the value of Finland’s exports of goods, decreased by two per cent in 2013 when compared to 2012. The value of exports amounted to almost 55.9 billion euros. The value of imports also decreased by two per cent and amounted to 58.1 billion euros.
The trade deficit decreased somewhat in comparison with 2012. According to preliminary data, the trade balance showed a deficit of 2.2 billion euros in 2013, whereas the deficit in 2012 was 2.6 billion euros. The deficit in trade with EU countries was just over two billion euros and 195 million euros in external trade in 2013. In 2012, the external trade deficit was 1.4 billion euros and that of EU trade was 1.2 billion euros.
Exports of machinery and transport equipment and of electric and electronic products declined last year and caused a decrease in overall exports. However, chemical industry exports increased in 2013. Oil products comprised the most significant branch of growth within exports, but there was also a slight increase in the exports of basic chemical industry products. Forest industry exports also increased, with the exception of paper industry products.
Due to decreased imports of intermediate goods and capital goods, overall imports took a downturn of two per cent last year. Imports of energy products, however, increased to some extent. Imports of consumer goods remained almost at the level of 2012.
The weakened foreign trade into non-EU countries caused a decrease in both overall exports and imports in 2013. Exports to non-EU countries decreased by five per cent, and imports from non-EU countries decreased by nine per cent. Exports to EU countries rose by about one per cent in 2013. In late 2013, however, exports to EU countries increased distinctly in comparison with the start of the year. Last year, exports to the eurozone increased slightly more than exports to the entire EU territory. In 2012, exports to EU countries decreased by four per cent, whereas exports to non-EU countries increased by five per cent. Imports from all EU countries grew slightly more than imports from the eurozone in 2013.
Ms Christina Telasuo, Senior Customs Officer, tel. +358 40 332 1828
Mr Matti Heiniemi, Senior Customs Officer, tel. +358 40 332 1845
Ms Johanna Riikonen, Senior Customs Officer tel. +358 40 332 1824