Monthly statistics on the international trade in goods, November 2017
Finnish Customs, Statistics
Both export volume and export prices rose in November
The value of Finnish exports of goods increased by 15 per cent in November according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was slightly over 5.2 billion euros. Export prices increased by 5.5 per cent and export volume by 9.9 per cent. In January-November exports increased by 16 per cent.
The value of imports rose by 14 per cent in November and was almost 5.5 billion euros. Import prices increased by 3.0 per cent and import volume by 12.4 per cent. In January-November, the total import value increased by 14 per cent compared to the previous year.
The balance of trade showed a deficit of 242 million euros in November. In January-November the balance of trade had a deficit of 2.1 billion euros. In November the previous year the trade deficit was 256 million euros, and in January-November the trade balance showed a deficit of 2.6 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 improved in November because export prices grew more than import prices. The point figure in November was 102.1, while it was 99.7 November the previous year.
Exports of all major industry sectors grew in November. Exports of forest industry products increased, driven by particularly sharp increase in pulp exports. Growth in machinery and equipment exports was also prominent. Growth in passenger cars exports slowed slightly from October, but remained steep. Exports of metals, ores and concentrates, and chemical products also increased. Imports of food and consumer goods decreased in November, but the value of imports from other major groups increased. Among individual goods, steepest growth was recorded for imports of motor vehicle parts, crude oil and ores.
Exports to EU member states increased by 16 per cent in November and exports to non-EU countries by 13 per cent. The most important export countries to rise in November were Russia, Germany, Sweden, China, the United Kingdom and France. Exports to the Netherlands decreased. Imports from EU-countries increased by 13 per cent and imports from non-EU countries by 15 per cent in November. Imports from the Netherlands and the United States decreased, while imports from Russia, Germany, Sweden, China, the United Kingdom and France increased.
Table 1. Total development (e million)
|Exports (fob)||4 566||5 236||+15||47 376||54 808||+16|
|Imports (cif)||4 822||5 478||+14||49 963||56 927||+14|
|Balance||-256||-242||-2 588||-2 119|
Table 2. International trade indexes
|Unit value index|
|* Moving 12-months averages|
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