Finland sees €690m trade deficit in August

The trade balance was in deficit of EUR 690 million in August, according to the preliminary statistics of international trade in goods released by Finnish Customs on Tuesday.

In January-August, the aggregated surplus amounted to EUR 315 million.

In August 2024, the trade balance was EUR 470 million in deficit and in January-August of the same year, the aggregated deficit was EUR 2.2 billion.

According to the statistics, the value of Finnish exports decreased by 7.1 per cent in August year-on-year. The value of Finnish exports was EUR 5.2 billion.

Export volume decreased by 4.9 per cent and export prices declined by 2.3 per cent year-on-year.

The value of imports decreased by 2.9 per cent in August and was EUR 5.9 billion. Import prices declined by 2.0 per cent, but import volume increased by 0.9 per cent compared to August 2024.

In January-August 2025, the aggregated value of exports increased by 4.2 per cent, but the value of imports decreased by 1.1 per cent year-on-year.

Change of export volume during the latest 12 months was +1.3 per cent (12 month moving average September 2024 – August 2025). The corresponding figure for import volume was +1.4 per cent.

Value of exports to EU member states decreased by 4.0 per cent, and to non-EU countries by 11.4 per cent in August compared to the same month the previous year.

The volume of exports to EU countries decreased by 5.4 per cent and to non-EU countries by 8.0 per cent during the same time.

Calculated from the beginning of the year, the value of exports to EU countries increased by 0.4 per cent and to non-EU countries by 9.4 per cent. The volume of exports to EU member states increased by 2.0 per cent, but the volume of exports to non-EU countries decreased by 1.6 per cent calculated according to a 12-month moving average.

Value of imports from EU countries increased by 0.1 per cent but decreased from non-EU countries by 6.9 per cent in August.

The volume of imports from EU member states increased by 0.5 per cent and from non-EU countries by 0.1 per cent.

Calculated from the beginning of the year, value of imports from EU member states decreased by 0.2 per cent, and from other countries by 2.6 per cent. The volume of imports from EU member states increased by 0.3 per cent and from non-EU countries by 2.8 per cent calculated according to a 12-month moving average.