Monthly statistics on the international trade in goods, January 2018
Finnish Customs, Statistics
Both export volume and export prices rose in January
The value of Finnish exports of goods increased by 12 per cent in January according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was 5.2 billion euros. Export prices increased by 4.1 per cent and export volume rose by 8.7 per cent.
The value of imports increased by three per cent in January and was slightly over 5.3 billion euros. Import prices increased by 7.0 per cent while import volume decreased by 1.1 per cent
The balance of trade showed a deficit of 139 million euros in January. In January the previous year the trade deficit was 533 million 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 January because import prices grew more than export prices. The point figure in January was 99.3, while it was 102.1 January the previous year. The terms of trade improved from December’s point figure of 98.9.
The value of exports of almost all main groups grew in January. The value of exports of transport equipment grew steadily thanks to car and ship exports. Growth in industrial machinery and equipment exports was also fast. Exports of metals, ores and refined petroleum products grew rapidly. Exports of other chemicals and forest products increased moderately. The export of power tools and engines, pharmaceuticals and foodstuffs declined in January.
Imports of industrial raw materials decreased in January, while imports of foodstuffs remained at the level of January last year. The value of imports from other main groups grew from last year.
Exports to EU member states increased by nine per cent in January and exports to non-EU countries by 16 per cent. The most important export countries to rise in January were Germany, Sweden, the United States, China, the United Kingdom, Russia and France. Exports to the Netherlands decreased. Imports from EU-countries increased by eight per cent while imports from non-EU countries fell by two per cent in January. Imports from Sweden, the Netherlands, the United States and Russia decreased, while imports from Germany, China, the United Kingdom and France increased.
Table 1. Total development (e million)
|Exports (fob)||4 632||5 186||+12|
|Imports (cif)||5 165||5 326||+3|
Table 2. International trade indexes
|Unit value index|
|* Moving 12-months averages|
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