Monthly statistics on the international trade in goods, July 2017
Finnish Customs, Statistics
Both export volume and export prices rose in July
The value of Finnish exports of goods increased by 20 per cent in July according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was 4.7 billion euros. Export prices increased by 6.0 per cent and export volume by 13.2 per cent. In January-July exports increased by 16 per cent.
The value of imports increased by 17 per cent in July and was five billion euros. Import prices increased by 4.0 per cent and import volume by 14.4 per cent. In January-July the total import value increased by 14 per cent compared to the previous year.
The balance of trade showed a deficit of 287 million euros in July. In January-July the balance of trade had a deficit of 1.2 billion euros. In July the previous year the trade deficit was 334 million euros, and in January-July the trade balance showed a deficit of 1.5 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 improved in July because export prices grew more than import prices. The point figure in July was 102,4, while it was 100.6 July the previous year. The terms of trade weakened from the previous month's point figure of 103.1.
Exports of electrical machinery and equipment, transport equipment, petroleum products, chemical industry products, forest industry products and metals improved compared to the previous year's July, while exports of industrial machinery declined. Imports of all major groups increased in July.
Exports to EU member states increased by 28 per cent in July and exports to non-EU countries by 11 per cent. The most important export countries to rise in July were Russia, Germany, Sweden, the Netherlands, China, the United Kingdom and France. Exports to the United States decreased. Imports from EU-countries increased by nine per cent and imports from non-EU countries by 30 per cent in July. Imports from the United States and the United Kingdom decreased, while imports from Russia, Germany, Sweden, the Netherlands, China and France increased.
Table 1. Total development (e million)
|Exports (fob)||3 913||4 697||+20||29 714||34 395||+16|
|Imports (cif)||4 247||4 984||+17||31 205||35 596||+14|
|Balance||-334||-287||-1 491||-1 201|
Table 2. International trade indexes
|Unit value index|
|* Moving 12-months averages|
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