Trade balance posts €95m deficit in Jan

The trade balance was in deficit of EUR 95 million in January, according to the preliminary statistics of international trade in goods provided by Finnish Customs on Thursday.

In January 2023, the trade balance was EUR 340 million in deficit.

The value of Finnish exports decreased by 8.6 per cent in January year-on-year. The value of Finnish exports in January was EUR 5.8 billion. Export volume decreased by 1.3 per cent, and export prices declined by 6.5 per cent year-on-year.

The value of imports decreased by 11.9 per cent in January and the value of imports was EUR 5.9 billion. Import prices declined by 3.7 per cent and import volume decreased by 7.5 per cent compared to January 2023.

Change of export volume during the latest 12 months was minus 2.9 per cent. The corresponding figure for import volume was minus 10.7 per cent.

Value of exports to EU member states decreased by 7.2 per cent and to non-EU countries by 10.6 per cent in January compared to the same month the previous year.

The volume of exports to EU countries increased by 1.1 per cent, but declined to non-EU countries by 4.9 per cent during the same time.

Value of imports from EU countries decreased by 7.0 per cent and from non-EU countries by 18.0 per cent in January.

The volume of imports from EU member states decreased by 3.5 per cent and from non-EU countries by 10.6 per cent.