Monthly statistics on the international trade in goods, December 2017
Finnish Customs, Statistics
Both export volume and export prices rose in December
The value of Finnish exports of goods increased by five per cent in December according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was slightly over 4.7 billion euros. Export prices increased by 3.0 per cent and export volume increased by 2.9 per cent. In January-December exports increased by 15 per cent year-on-year.
The value of imports remained at the level of the previous year in December. The value was almost 5.1 billion euros. Import prices increased by 3.2 per cent while import volume decreased by 1.2 per cent. In January-December the total import value increased by 13 per cent compared to the previous year.
The balance of trade showed a deficit of 341 million euros in December. In January-December the balance of trade had a deficit of 2.5 billion euros. In December the previous year the trade deficit was 537 million euros, and in January-December the trade balance showed a deficit of over 3.1 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 December because import prices grew more than export prices. The point figure in December was 98.9, while it was 99.1 in December the previous year. The terms of trade weakened from the previous month's point figure of 102.1.
Exports of petroleum and other chemical products increased in December. Exports of industrial machinery and equipment and passenger cars also grew significantly, although the growth in car exports slowed towards the end of the year. Exports of forest products grew steadily in December. The value of exports of iron and steel declined, but exports of copper and zinc grew rapidly. Exports of instruments and meters as well as of foodstuff declined, but the value of exports of ores grew. Imports of transport equipment and industrial equipment grew in December, but import of investment goods, consumer goods and fuels decreased.
Exports to EU member states increased by nine per cent in December while exports to non-EU countries decreased by one per cent. The most important export countries to rise in December were Germany, Sweden, the United Kingdom and France. Exports to Russia, the Netherlands, the United States and China decreased. Imports from EU-countries increased by five per cent while imports from non-EU countries fell by six per cent in December. Imports from the United States and Russia decreased, while imports from Germany, Sweden, the Netherlands, China, the United Kingdom and France increased.
Table 1. Total development (e million)
|Exports (fob)||4 503||4 720||+5||51 878||59 554||+15|
|Imports (cif)||5 040||5 061||+0||55 003||62 051||+13|
|Balance||-537||-341||-3 125||-2 497|
Table 2. International trade indexes
|Yksikköarvoindeksi - Enhetsvärdeindex - Unit value index|
|* Kahdentoista kuukauden liukuva keskiarvo – Tolv månaders glidande medelvärde – Moving 12-months averages|
Kaarna, Anssi tel. +358 40 332 8153
Telasuo, Christina tel. +358 40 332 1828