Monthly statistics on the foreign trade of goods, September 2016
Finnish Customs, Statistics
Export volume decreased and export prices grew in September
The value of Finnish exports of goods remained at the level of the previous year in September according to foreign trade statistics provided by Finnish Customs. The value of Finnish exports was slightly over 4.5 billion euros. Export prices increased by five per cent while export volume decreased by 4.4 per cent. In January-September exports diminished by five per cent year-on-year.
The value of imports decreased by one per cent in September and was 4.6 billion euros. Import prices increased by 4.2 per cent while import volume decreased by 3.3 per cent. In January-September, the total import value remained at the level of the previous year.
The balance of trade showed a deficit of 77 million euros in September. In January-September, the balance of trade had a deficit of 1.9 billion euros. In September the previous year, the trade deficit was 93 million euros, and in January-September the trade balance showed a deficit of 57 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 September because export prices grew more than import prices. The point figure in September was 102.9, while it was 102.1 September the previous year. The terms of trade also improved from the previous month's point figure of 100.5.
Exports of transport equipment, petroleum products, and metals improved year-on-year, while exports of machinery and equipment were down. Imports of transport equipment increased, while imports of other major goods declined.
Exports to EU member states decreased by one per cent in September, while exports to non-EU countries remained at the level of the previous year. The most important export countries to rise in September were the United States, China and France. Exports to Germany, Russia, Sweden, the Netherlands and the United Kingdom decreased. Imports from EU-countries increased by five per cent while imports from non-EU countries fell by nine per cent in September. Imports from Germany, the United States, China and the United Kingdom decreased, while imports from Sweden, the Netherlands and France increased.
Table 1. Total development (e million)
|Exports (fob)||4 556||4 540||-0||40 157||38 193||-5|
|Imports (cif)||4 649||4 617||-1||40 214||40 102||-0|
Table 2. Foreign trade indexes
|Unit value index|
|* Moving 12-months averages|
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