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Value of exports rises by 2% in September

Published : 08 Nov 2018, 02:55

Updated : 08 Nov 2018, 11:00

  DF Report

Photo Source: Port of Helsinki.

The value of Finnish exports increased in September by two per cent year-on-year, while the value of imports remained at the level of the same year in 2017, according to the preliminary statistics of Finnish Customs.

The value of Finnish exports in September was slightly over 5.1 billion euros and the value of imports was slightly under 5.3 billion euros.

Calculated from the beginning of the year, both exports and imports increased by six per cent year-on-year.

The trade balance showed a deficit of 160 million euros in September. Calculated from January to September, there was a deficit of 1.9 billion euros. In the same period last year, the balance of trade showed a deficit of almost two billion euros. Last year the trade balance for September showed a deficit of 260 million euros.

Exports to EU member states remained at the level of the previous year, while exports to non-EU countries increased by five per cent in September. Imports from EU countries decreased by nine per cent and from non-EU countries rose by 16 per cent in September.

Calculated from the beginning of the year, exports to EU countries rose by five per cent and to non-EU countries by eight per cent year-on-year. During the same period, imports from EU member states rose by four per cent and from other countries by nine per cent.