Value of exports, imports go up in March

The value of exports of goods grew by 17 per cent and the value of imports by eight per cent from the previous year, according to the Statistics Finland.

The current account was slightly in deficit in March. Capital flowed to Finland on net. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

The current account was EUR 0.1 billion in deficit in March. The 12-month moving total of the current account was EUR 2.2 billion in deficit.

Of the sub-items of the current account, the trade account in balance of payments terms was EUR 0.4 billion in surplus. The value of goods exports in balance of payments terms grew by 17 per cent year-on-year and totalled EUR 5.2 billion. The value of goods imports in balance of payment terms also grew by eight per cent from twelve months back. The service account showed a deficit of EUR 0.2 billion.

The primary income account was EUR 0.1 billion in deficit. The primary income account includes investment income like interests and dividends. The secondary income account was EUR 0.1 billion in deficit.

In March, net capital inflow to Finland amounted to EUR 1.9 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of portfolio investments, EUR 4.9 billion. Net capital outflow from Finland was mainly in the form of other investments, EUR 2.9 billion.