Finlàndia: Visió econòmica i política
Finland is a highly industrialised country whose economy relies heavily on foreign trade, which represented 93% of its GDP in 2022 (World Bank – latest data available). In the same year, Finland mainly exported chemicals (21.4%), metal and metal products (19.8%), machinery and equipment (18.2%), and forestry products (16.9%); importing petroleum products (20.4%), electricity (13.4%), transport equipment (9.9%), and industrial machinery (9.2% - data Finnish Customs).
According to data by Comtrade, the main export partners were Germany (11.5%), Sweden (10.7%), the U.S. (9.4%) and the Netherlands (7.1%); while the country’s imports came chiefly from Sweden (12.5%), Germany (12.3%), China (9.1%), Norway (6.9%), and Russia (6.6%).
Finland's trade balance had traditionally been positive in the past, but its performance deteriorated in the last decade, alternating slightly positive results with negative ones. In 2022, the total export of goods (at USD 86 billion, +4.8% y-o-y) was below the total value of imports (USD 97.2 billion,+13.1% y-o-y); whereas exports of services stood at USD 34 billion (+1.7%) against almost USD 40.4 billion of import (with an annual double-digit increase of 11.8% - data by WTO). Overall, the country’s external balance was negative by 2.4% of GDP in 2022 (World Bank). According to the latest figures from Statistics Finland, in the first ten months of 2023 the total value of exports decreased by 7.1% and the value of imports by 17.9% year-on-year. In the same period, the aggregated deficit amounted to EUR 1.3 billion.
Foreign Trade Values | 2019 | 2020 | 2021 | 2022 | 2023 |
Imports of Goods (million USD) | 73,716 | 68,268 | 86,013 | 97,329 | 82,345 |
Exports of Goods (million USD) | 73,468 | 66,220 | 81,996 | 86,069 | 82,355 |
Imports of Services (million USD) | 36,558 | 32,849 | 36,516 | 41,134 | 43,683 |
Exports of Services (million USD) | 34,405 | 30,002 | 33,852 | 34,771 | 34,349 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2018 | 2019 | 2020 | 2021 | 2022 |
Foreign Trade (in % of GDP) | 78.2 | 79.6 | 71.5 | 79.0 | 92.5 |
Trade Balance (million USD) | 333 | 2,579 | 3,226 | 2,707 | -385 |
Trade Balance (Including Service) (million USD) | -3,435 | 420 | 380 | 27 | -6,799 |
Imports of Goods and Services (Annual % Change) | 5.7 | 2.4 | -6.2 | 6.0 | 7.5 |
Exports of Goods and Services (Annual % Change) | 1.5 | 6.7 | -7.8 | 6.0 | 1.7 |
Imports of Goods and Services (in % of GDP) | 39.7 | 39.7 | 35.7 | 39.5 | 47.6 |
Exports of Goods and Services (in % of GDP) | 38.5 | 39.9 | 35.8 | 39.6 | 44.9 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2023 | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | -1.8 | 0.1 | 3.2 | 3.3 | 3.3 |
Volume of imports of goods and services (Annual % change) | -7.4 | 2.2 | 3.2 | 3.3 | 3.3 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2023 |
United States | 11.0% |
Sweden | 10.5% |
Germany | 10.5% |
Netherlands | 8.0% |
China | 4.5% |
Estonia | 3.7% |
United Kingdom | 3.4% |
Poland | 3.4% |
France | 3.3% |
Belgium | 3.0% |
Norway | 2.9% |
Italy | 2.8% |
Switzerland | 1.9% |
Türkiye | 1.6% |
Spain | 1.6% |
Denmark | 1.6% |
Canada | 1.4% |
Japan | 1.4% |
India | 1.1% |
Lithuania | 1.1% |
See More Countries | 55.6% |
Main Suppliers (% of Imports) |
2023 |
Germany | 13.4% |
Sweden | 11.3% |
China | 9.3% |
Norway | 7.7% |
United States | 5.4% |
Netherlands | 4.7% |
Estonia | 3.5% |
Poland | 3.4% |
Italy | 3.0% |
France | 2.5% |
United Kingdom | 2.4% |
Belgium | 2.3% |
Denmark | 2.3% |
Spain | 1.8% |
Russia | 1.6% |
Czech Republic | 1.4% |
Türkiye | 1.3% |
Japan | 1.1% |
Austria | 1.1% |
South Korea | 1.0% |
See More Countries | 52.9% |
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
30.8 bn USD of services exported in 2023 | |
35.99% | |
26.05% | |
Miscellaneous business,...Miscellaneous business, professional, and technical services | 22.12% |
Research and developmentResearch and development | 3.93% |
16.37% | |
10.40% | |
8.64% | |
1.45% | |
0.44% | |
0.41% | |
0.18% | |
0.06% |
40.0 bn USD of services imported in 2023 | |
41.26% | |
Miscellaneous business,...Miscellaneous business, professional, and technical services | 30.93% |
Research and developmentResearch and development | 10.34% |
19.19% | |
16.21% | |
14.39% | |
2.72% | |
2.23% | |
2.12% | |
1.20% | |
0.58% | |
0.10% |
Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Vols fer algun comentari sobre aquest contingut? Escriu-nos.
© eexpand, Tots els drets reservats.
Actualitzacions: November 2024
Utilitzem cookies per assegurar la teva connexió i fer estadístiques sobre el nombre de visites. Per obtenir més informació sobre les cookies i saber com rebutjar-les, visita la nostra pàgina de política de cookies .
Aquesta finestra emergent et permet definir la teva preferència de cookies i decidir quin tipus de cookies vols permetre al teu dispositiu.