Monthly statistics on the international trade in goods, January 2019
Both export volume and export prices rose in January
The value of Finnish exports of goods increased by ten per cent in January year-on-year, according to international trade in goods statistics provided by Finnish Customs. The value of Finnish exports was 5.8 billion euros. Export prices rose by 1.0 per cent and export volume by 10.5 per cent.
The value of imports decreased by three per cent in January and was 5.3 billion euros. Import volume decreased by 1.2 per cent, but import prices remained at the level of the previous year.
The balance of trade showed a surplus of 526 million euros in January. In January 2018, the trade deficit was 197 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 January because export prices grew while import prices remained at level of the previous year. The point figure in January was 100.3, while it was 99.3 January the previous year. The terms of trade improved also from the previous month's point figure of 100.8.
The value of exports increased mainly due to a cruise ship and an airplane export in January. The value of paper and cardboard and paper pulp exports increased in January. The increase in the value of exports of mechanical forest industry products was slightly slower. Exports of machinery and equipment fell slightly, but the decline in the value of passenger car exports was steeper. The value of exports of refined petroleum products declined, while the value of exports of basic chemicals grew slowly. The value of iron and steel exports increased, but the value of exports of copper, zinc and nickel fell. Exports of instruments and meters and ores declined. The value of food and consumer goods imports increased, but imports from other main categories fell in January.
Exports to EU member states increased by 16 per cent in January and exports to non-EU countries three per cent. Exports to Germany, Sweden and the United States increased in January, but exports to the Netherlands, China, the United Kingdom and Russia decreased. Imports from EU countries remained at the level of the previous year, but imports from non-EU countries decreased by eight per cent in January. Imports from Sweden and the United Kingdom grew in January, but fell from other major trading partners.
Table 1. Total development (e million)
|Exports (fob)||5 240||5 787||+10|
|Imports (cif)||5 437||5 261||-3|
Table 2. International trade indexes
|Unit value index|
|* Moving 12-months averages|
Kaarna, Anssi tel. +358 40 332 8153
Telasuo, Christina tel. +358 40 332 1828