YEARLY SUMMARY: EXPORTS AT ALMOST THE SAME LEVEL IN 2014 AS THE PREVIOUS YEAR - Trade with Russia at a low ebb
The value of Finland’s goods exports remained at almost the same level in 2014 as the year before according to Finnish Customs’ preliminary data. The value of exports amounted to almost 55.8 billion euros. The value of imports shrank by one per cent and amounted to 57.6 billion euros. In 2013, exports shrank by one per cent and imports by two per cent.
The trade deficit decreased in comparison with the previous year. According to preliminary data, the trade balance showed a deficit of 1.8 billion euros in 2014, whereas the deficit was 2.4 billion euros in 2013. In 2014, the deficit in the trade with EU countries was close to 1.7 billion euros and only 105 million euros in external trade. In 2013, the external trade deficit amounted to 217 million euros and that of EU trade to 2.1 billion euros.
Transport equipment was the most important growth sector in exports in 2014, but there was also a rise in exports of mobile technology products. The value of exports of machinery and equipment as well as chemical industry products went down last year. Exports of forest industry and metal industry products remained at roughly the same level as the previous year.
Due to a decrease in the value of imports of energy products, in particular, but also of capital goods, overall imports took a downturn of one per cent last year. Imports of intermediate goods, however, increased to some extent in 2014, as did imports of consumer goods.
Thanks to a three per cent growth in the foreign trade with EU countries, the total exports did not fall in 2014. Exports to the euro zone went up by six per cent. Exports to non-EU countries shrank by five per cent. In 2013, exports to EU countries increased by one per cent, while exports to non-EU countries decreased by five per cent. Imports from all EU countries grew by only one per cent in 2014, compared to four per cent the previous year. A five per cent drop in the value of imports from non-EU countries brought down the total imports by one per cent. In 2013, imports in external trade went down by nine per cent.
Ms Christina Telasuo, Senior Customs Officer, tel. +358 40 332 1828
Mr Anssi Kaarna, Senior Customs Officer, tel. +358 40 332 8153
Ms Johanna Riikonen, Senior Customs Officer, tel. 040 332 1824
E-mail: [email protected]