Monthly statistics on the international trade in goods, September 2017
Finnish Customs, Statistics
Both export volume and export prices continued to grew in September
The value of Finnish exports of goods increased by nine per cent in September according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was almost five billion euros. Export prices increased by 0.9 per cent and export volume by 8.6 per cent. In January-September exports increased by 15 per cent.
The value of imports increased by 11 per cent in September and was 5.2 billion euros. Import prices increased by 4.5 per cent and import volume by 7.5 per cent. In January-September the total import value increased by 14 per cent compared to the previous year.
The balance of trade showed a deficit of 213 million euros in September. In January-September the balance of trade had a deficit of almost 1.7 billion euros. In September the previous year the trade deficit was 103 million euros, and in January-September the trade balance showed a deficit of almost 2,1 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 in September because import prices grew more than export prices. The point figure in September was 99.4, while it was 102.9 September the previous year. The terms of trade also weakened from the August 2017 point figure of 100.7.
Growth in exports was recorded for several main groups of goods. Growth in industrial machinery and equipment continued steady, but the growth of passenger car exports accelerated. Exports of electrical machinery and equipment remained at the level of September last year. The increase in the value of exports of ores and metals was due to higher export prices. Export volumes remained smaller than last year. Exports of paper and cardboard fell slightly, but the growth in paper pulp exports was considerable. The decline in exports of pharmaceuticals and plastics weighed down the total exports of the chemical industry as a whole. The value of exports of oil products did not change from the reference month as export volumes dropped. Imports of consumer goods declined in September, but imports from other major groups increased.
Exports to EU member states increased by nine per cent in September and exports to non-EU countries by nine per cent as well. The most important export countries to rise in September were Russia, Germany, Sweden, the Netherlands, China and France. Exports to the United States and the United Kingdom decreased. Imports from EU-countries increased by ten per cent and imports from non-EU countries by 12 per cent in September. Imports from the Netherlands decreased, while imports from other major import countries increased.
Table 1. Total development (e million)
|Exports (fob)||4 570||4 974||+9||38 277||44 190||+15|
|Imports (cif)||4 673||5 188||+11||40 352||45 857||+14|
|Balance||-103||-213||-2 075||-1 667|
Table 2. International trade indexes
|Unit value index|
|* Moving 12-months averages|
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