Balance of trade posts €60m deficit in November

The trade balance showed a deficit of 60 million euros in November, according to the preliminary statistics of international trade provided by Finnish Customs.

Calculated from January to November there was a deficit of 2.2 billion euros, said a press release on Tuesday.

Under the same period year 2017, the balance of trade showed a deficit of 2.4 billion euros. In 2017, the trade balance for November showed a deficit of 238 million euros.

The value of Finnish exports increased by nine per cent and the value of imports by five per cent in November year-on-year.

The value of Finnish exports in November was almost 5.8 billion euros and the value of imports was slightly over 5.8 billion euros. Calculated from the beginning of the year, both exports and imports increased by seven per cent year-on-year.

Exports to EU member states increased by nine per cent in November and exports to non-EU countries by eight per cent. Imports from EU-countries increased by two per cent and imports from non-EU countries by ten per cent in November.

Calculated from the beginning of the year, exports to EU increased by six per cent and exports to non-EU countries by nine per cent. During the same period, the value of imports from EU member states rose by four per cent and from other countries by ten per cent.