Finland sees €890m trade deficit in March

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Finland sees €890m trade deficit in March

The trade balance was in deficit of EUR 890 million in March, according to the preliminary statistics of international trade in goods published by Finnish Customs on Wednesday.

In January-March, the aggregated deficit amounted to EUR 1.3 billion. In March 2024, the trade balance was EUR 990 million in deficit and in January-March of the same year, the aggregated deficit was EUR 2.0 billion.

According to the preliminary statistics, the value of Finnish exports increased by 18.1 per cent in March year-on-year. The value of Finnish exports was EUR 5.6 billion. Export volume increased by 17.7 per cent and export prices by 1.0 per cent year-on-year.

The value of imports increased by 13.3 per cent in March and was EUR 6.5 billion. Import prices increased by 0.4 per cent and import volume by 16.6 per cent compared to March 2024.

Because of strikes in March 2024 the export and import values in reference month were exceptional low causing high percentage change figures in March 2025. Compared to February 2025 export value declined slightly and import value grew less in March 2025 than the year-on-year change.

In January-March 2025, the aggregated value of exports increased by 6.6 per cent, and the value of imports increased by 1.8 per cent year-on-year.

Change of export volume during the latest 12 months was +1.1 per cent (12 month moving average April 2024 – March 2025). The corresponding figure for import volume was +0.2 per cent.

Value of exports to EU member states increased by 20.5 per cent, and to non-EU countries by 13.5 per cent in March compared to the same month the previous year. The volume of exports to EU countries increased by 21.5 per cent and to non-EU countries by 10.3 per cent during the same time.

Calculated from the beginning of the year, value of exports to EU countries increased by 8.2 per cent and to non-EU countries by 4.3 per cent.

The volume of exports to EU member states increased by 5.4 per cent, and the volume of exports to non-EU countries decreased by 5.8 per cent calculated according to 12-month moving average.

Value of imports from EU countries increased by 11.4 per cent and from non-EU countries by 16.0 per cent in March. The volume of imports from EU member states increased by 12.1 per cent and from non-EU countries by 20.4 per cent.

Calculated from the beginning of the year, value of imports from EU member states increased by 4.0 per, but decreased from other countries by 1.3 per cent.

The volume of imports from EU member states increased by 1.7 per cent, but the volume of imports from non-EU countries decreased by 0.3 per cent calculated according to 12-month moving average.

Source: www.dailyfinland.fi

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