Trade balance posts €460m deficit in July

The trade balance was EUR 460 million in deficit in July, according to the preliminary statistics of international trade in goods provided by Finnish Customs.

In January-July, the aggregated trade balance ran a deficit of EUR 2.2 billion, said Customs in a press release on Tuesday.

In July 2020, the trade balance was EUR 467 million in deficit, and in January-July it was EUR 2.3 billion in deficit.

The value of Finnish exports increased by 22.5 per cent, and the value of imports by 20.3 per cent in July year-on-year.

The value of Finnish exports in July was EUR 5.4 billion and the value of imports EUR 5.9 billion. During the reference month in 2020 exports decreased by 12.4 per cent and imports by 11.9 per cent.

In January-July 2021, the total value of exports increased by 15.2 per cent and the value of imports by 13.9 per cent year-on-year.

Exports to EU member states increased by 20.5 per cent and exports to non-EU countries by 24.9 per cent in July.

Imports from EU countries increased by 19.8 per cent and imports from non-EU countries by 20.9 per cent.

Calculated from the beginning of the year, exports to EU countries rose by 14.2 per cent and to non-EU countries by 16.5 per cent.

During the same period, imports from EU member states rose by 15.0 per cent and from other countries by 12.4 per cent.