FI SV EN

Monthly statistics on the international trade in goods, February 2019

30.4.2019 9.00



Finnish Customs, Statistics

Both export volume and export prices rose in February

The value of Finnish exports of goods increased by seven per cent in February year-on-year, according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was slightly over 5.1 billion euros. Export prices rose by 2.5 per cent and export volume by 4.5 per cent. In January-February, the value of exports increased by nine per cent year-on-year.

The value of imports increased by one per cent in February and was slightly over 5.2 billion euros. Import volume increased by 0.6 per cent and import prices by 1.5 per cent. In January-February, the value of imports declined by one per cent.

The balance of trade showed a deficit of 87 million euros in February. However, in January-February, the trade balance showed a surplus of 428 million euros. In February 2018, the trade balance was 369 million euros in deficit and in January-February, the deficit was 593 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 improved in February because export prices grew faster than import prices. The point figure in February was 100.1, while it was 99.1 February the previous year. The terms of trade weakened from the previous month's point figure of 100.3.

Exports of machinery and equipment grew strongly in February. The exports of passenger cars was almost at the level of February last year. The value of oil products and steel exports increased. The exports of both chemical and mechanical forest industry products grew steadily in February. The growth in exports of instruments and meters was slightly faster. Exports of copper, nickel and cobalt declined in February. The value of imports of industrial supplies, investment goods and consumer goods declined, but the value of imports of transport equipment and energy products increased.

Exports to EU member states increased by seven per cent in January and exports to non-EU countries by six per cent in February. Exports to China and Sweden fell and exports to Germany were at the same level as a year ago, but exports to other major trading partners increased. Imports from EU countries increased by three per cent, but imports from non-EU countries decreased by four per cent in February. Imports from Germany and the Netherlands decreased, but imports from other major trading partners increased.

 

Table 1. Total development (e million)

 
February

Change


January-February


Change
2018 2019 % 2018 2019 %
Exports (fob) 4 807 5 124 +7 10 021 10 932 +9
Imports (cif) 5 176 5 211 +1 10 614 10 504 -1
Balance -369 -87   -593 +428  

Table 2. International trade indexes

2010=100 February Change Mean* Change
  2018:02 2019:02 2019:02/
2019:01
2019:02/
2018:02
2018:03-2019:02 2018:03-2019:02/
2017:03-2018:02
Volume index
Exports 94,6 98,8 -12,0 +4,5 103,1 +2,5
Imports 101,8 102,4 -1,6 +0,6 105,4 -1,2
Unit value index
Exports 114,8 117,7 +0,6 +2,5 117,8 +4,1
Imports 115,9 117,6 +0,7 +1,5 120,1 +7,2
* Moving 12-months averages

Free access to detailed statistics on the international trade in goods through Uljas  http://uljas.tulli.fi

Further information:
Kaarna, Anssi tel. +358 40 332 8153
Telasuo, Christina tel. +358 40 332 1828
[email protected]

Exports and imports of Finland 2016-2019
  • Exports and imports of Finland 2016-2019

Asiasanat
Monthly statistics on the international trade Official Statistics of Finland
Seuraava julkistus

31.5.2019




Keywords

Help us improve our site content

We want to improve our website together with our customers. You can give us feedback by clicking “Send feedback”.

Send feedback