Trade balance posts €180m deficit in Nov

10 Jan 2021, 19:20

  DF Report

Photo Lapland Material Bank by Terhi Tuovinen.

The trade balance showed EUR 180 million in deficit in November last year, according to the preliminary statistics of international trade in goods provided by the Finnish Customs.

In January-November, the trade balance ran a deficit of EUR 3.1 billion. In November 2019, the trade balance was EUR 114 million in deficit, and in January-November it was EUR 1.2 billion in deficit.

According to the preliminary statistics, the value of Finnish exports decreased by 3.5 per cent, while the value of imports declined by 2.2 per cent in November year on year.

The value of Finnish exports in November was EUR 4.9 billion and the value of imports slightly over EUR 5.1 billion.

In January-November, the total value of exports decreased by 13.7 per cent and the value of imports by 10.4 per cent year on year.

Exports to EU member states remained at the level of the previous year while exports to non-EU countries decreased by 7.7 per cent in November.

Imports from EU countries increased by 0.2 per cent but imports from non-EU countries decreased by 5.5 per cent in November.

Calculated from the beginning of the year, exports to EU countries decreased by 12.4 per cent and to non-EU countries by 15.4 per cent.

 During the same period, imports from EU member states fell by 8.5 per cent and from other countries by 13.0 per cent.