Trade balance shows €1.1b deficit in Feb

The trade balance was in deficit of EUR 1.1 billion in February. In January-February, according to the preliminary statistics of international trade in goods provided by Finnish Customs released on Tuesday.

The aggregated deficit amounted to EUR 2.0 billion. In February 2021, the trade balance was EUR 450 million in deficit and in January-February of the same year, the aggregated deficit was EUR 810 million.

According to the preliminary statistics, the value of Finnish exports increased by 17.5 per cent, and the value of imports by 28.1 per cent in February year-on-year.

The value of Finnish exports in February was EUR 5.7 billion and the value of imports EUR 6.8 billion. During the reference month in 2021 exports increased by 8.3 per cent and imports by 0.8 per cent.

In January-February 2021, the total value of exports increased by 23.5 per cent and the value of imports by 33.6 per cent year-on-year.

Exports to EU member states increased by 19.4 per cent, and exports to non-EU countries by 15.0 per cent in February.

Imports from EU countries increased by 14.0 per cent and imports from non-EU countries by 48.6 per cent.

Calculated from the beginning of the year, exports to EU countries rose by 26.3 per cent and to non-EU countries by 19.7 per cent.

During the same period, imports from EU member states rose by 23.4 per cent and from other countries by 47.9 per cent.