Monthly statistics on the international trade in goods, July 2018
Finnish Customs, Statistics
Export volume decreased while export prices grew in July
The value of Finnish exports of goods increased by five per cent in July 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 7.4 per cent while export volume decreased by 1.4 per cent. In January-July exports showed a growth of seven per cent.
The value of imports increased by seven per cent in July and was slightly over 5.4 billion euros. Import prices rose by 11.1 per cent while import volume diminished by 1.9 per cent. In January-July, the total import value increased by six per cent compared to the previous year.
The balance of trade showed a deficit of 461 million euros in July. In January-July, the balance of trade had a deficit of slightly over 1.1 billion euros. In July the previous year the trade deficit was 333 million euros, and in January-July the trade balance showed a deficit of slightly over 1.4 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 July because import prices grew more than export prices. The point figure in July was 99.1 while it was 102,4 July the previous year. The terms of trade improved from the previous month's point figure of 96.6.
Exports of industrial machinery, petroleum products, chemical industry products, forest industry products and metals improved compared to the previous year's July, while exports of electrical machinery and equipment and transport equipment declined. Imports of industrial machinery, electrical machinery and equipment, crude oil and petroleum products, chemical industry products and metals increased, while imports of transport equipment declined.
Exports to EU member states increased by two per cent in July and exports to non-EU countries rose by eight per cent. The most important export countries to rise in July were Germany, Sweden, the United States and China. Exports to the Netherlands, Russia and France decreased. Imports from both EU-countries and from non-EU countries increased by seven per cent. Imports from the Netherlands decreased while imports from other major trading partners increased.
Table 1. Total development (e million)
|Exports (fob)||4 746||4 974||+5||34 517||36 896||+7|
|Imports (cif)||5 079||5 435||+7||35 958||38 043||+6|
|Balance||-333||-461||-1 441||-1 147|
Table 2. International trade indexes
|Unit value index|
|* Moving 12-months averages|
Riikonen, Johanna tel. +358 40 332 1824
Kaarna, Anssi tel. +358 40 332 8153