Exports of services rise, imports drop in Q2

The value of service exports increased by 11 % in the second quarter of 2024 compared to the corresponding quarter of the year before, according to Statistics Finland.

The value of service imports decreased by 2 % over the same period.

The value of service exports was EUR 8.5 billion and service imports EUR 10.3 billion during the April-June period in 2024.

Exports of goods and services increased by EUR 0.1 billion.

Imports of goods and services decreased by EUR 0.9 billion.

The value of goods exports decreased by EUR 0.8 billion and the value of goods imports decreased by EUR 0.8 billion from previous year.

The balance of trade in goods was EUR 2.3 billion in surplus.

The services account strengthened by EUR 1.0 billion from previous year and was EUR 1.8 billion in deficit.

Exports of services were boosted in particular by the growth in exports of telecommunications, computer and information services.

Imports of services were most affected by decrease in imports of research and development services.