Trade balance shows €1.3b deficit in August

The trade balance was in deficit of EUR 1.3 billion in August, according to the preliminary statistics of international trade in goods provided by Finnish Customs.

In January-August, the aggregated deficit amounted to EUR 8.9 billion. In August 2021, the trade balance was EUR 590 million in deficit and in January-August of the same year, the aggregated deficit was EUR 2.9 billion.

The value of Finnish exports increased by 28.8 per cent, and the value of imports by 37.3 per cent in August year-on-year.

The value of Finnish exports in August was EUR 6.6 billion and the value of imports EUR 7.9 billion. During the reference month in 2021 exports increased by 17.1 per cent and imports by 23.4 per cent.

In January-August 2021, the total value of exports increased by 24.9 per cent and the value of imports by 36.6 per cent year-on-year.

Exports to EU member states increased by 31.1 per cent, and exports to non-EU countries by 25.7 per cent in August.

Imports from EU countries increased by 29.1 per cent and imports from non-EU countries by 48.1 per cent.

Calculated from the beginning of the year, exports to EU countries rose by 30.9 per cent and to non-EU countries by 17.5 per cent.

During the same period, imports from EU member states rose by 24.4 per cent and from other countries by 54.4 per cent.