Finland

Goods Imports: CIF, by origin Goods Exports: FOB, by last known destination Trade System: Special
Overview:
In 2015, the value of merchandise exports of Finland decreased substantially by 19.7 percent to reach 59.7 bln US$, while its merchandise
imports decreased substantially by 21.6 percent to reach 60.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance
recorded a relatively small deficit of 492.1 mln US$ (see graph 1). The largest merchandise trade balance was with MDG CIS at -2.9 bln US$
(see graph 4). Merchandise exports in Finland were diversified amongst partners; imports were also diversified. The top 20 partners accounted
for 80 percent or more of exports and 16 partners accounted for 80 percent or more of imports (see graph 5). In 2014, the value of exports of
services of Finland decreased slightly by 4.5 percent, reaching 28.6 bln US$, while its imports of services decreased slightly by 3.0 percent
and reached 30.6 bln US$ (see graph 2). There was a relatively small trade in services deficit of 1.9 bln US$.

Graph 1: Total merchandise trade, by value Graph 2: Total services trade, by value
(Bln US$ by year) (Bln US$ by year)
Exports Imports Trade Balance Exports Imports Trade Balance
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−80 −30

−100 −40
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Exports Profile: Graph 3: Exports of services by EBOPS category
"Machinery and transport equipment" (SITC section 7), "Goods classified (% share in 2012)
Computer &
chiefly by material" (SITC section 6) and "Crude materials + anim. & veg. information ( 20.7 %)
oils" (SITC section 2+4) were the largest commodity groups for exports
in 2015, representing respectively 31.1, 28.2 and 8.8 percent of exported
goods (see table 2). From 2013 to 2015, the largest export commodity Travel ( 13.8 %)
was "Petroleum oils, other than crude" (HS code 2710) (see table 1). The
top three destinations for merchandise exports were Germany, Sweden Other business
and the Russian Federation, accounting for respectively 11.3, 10.9 and ( 32.8 %)
7.9 percent of total exports. "Other business services" (EBOPS code 268) Royalties &
accounted for the largest share of exports of services in 2012 at 9.5 bln lic. fees ( 11.7 %)
US$, followed by "Computer and information services" (EBOPS code 262)
at 6.0 bln US$ and "Travel" (EBOPS code 236) at 4.0 bln US$ (see graph 3). Transportation
Remaining ( 4.9 %)
Construction ( 11.0 %)
( 5.2 %)

Table 1: Top 10 export commodities 2013 to 2015
HS Value (million US$) Unit value SITC
code 4-digit heading of Harmonized System 2012 2013 2014 2015 2013 2014 2015 Unit code
All Commodities............................................................................................................ 74 445.4 74 338.8 59 682.3
2710 Petroleum oils, other than crude................................................................................... 8 880.3 7 724.0 3 765.9 1.0 0.9 0.6 US$/kg 334
4810 Paper and paperboard, coated on one or both sides with kaolin................................. 5 201.3 5 092.1 4 438.0 0.9 0.9 0.8 US$/kg 641
9999 Commodities not specified according to kind............................................................... 1 508.6 4 223.5 4 828.7 931
7219 Flat-rolled products of stainless steel, of a width of 600 mm or more......................... 2 699.2 2 794.3 2 433.2 3.1 2.8 2.1 US$/kg 675
4407 Wood sawn or chipped lengthwise, sliced or peeled................................................... 1 892.8 2 045.3 1 722.2 264.6 273.4 218.6 US$/m3 248
4703 Chemical wood pulp, soda or sulphate, other than dissolving grades......................... 1 824.5 1 905.8 1 783.9 0.7 0.7 0.6 US$/kg 251
4802 Uncoated paper and paperboard, of a kind used for writing........................................ 1 725.9 1 619.5 1 231.0 0.8 0.8 0.7 US$/kg 641
8703 Motor cars and other motor vehicles principally designed for the transport............... 580.2 1 459.7 1 845.3 15.1 19.7 17.6 thsd US$/unit 781
8504 Electrical transformers, static converters..................................................................... 1 369.4 1 321.7 1 050.7 771
9018 Instruments and appliances used in medical, surgical, dental or veterinary............... 1 099.4 1 364.1 1 138.3 872

Source: UN Comtrade

0 76 773.9 0....1 4 319..01 to 87...4 US$/kg 333 9999 Commodities not specified according to kind.0 -18.............5 2 418......... followed by "Transportation" (EBOPS code 205) at 6....9 1......053) Top Top Developed Europe partner partner Developed N.....8 1..... tobacco 2+4 5 274.8 6 Goods classified chiefly by material 7 18 565.5 8 6 101...2 9.....2.......... crude" (HS code 2709) (see table 4)...05.... Caribbean 15 th 15 th Eastern Asia Southern Asia South−eastern Asia 20 th 20 th Western Asia Oceania 25 th 25 th 0% % % % % 0% % % % % 0% 0 0 0 0 0 10 20 30 40 −4 −3 −2 −1 80 60 40 20 20 40 60 80 10 10 Graph 6: Imports of services by EBOPS category Imports Profile: (% share in 2012) "Machinery and transport equipment" (SITC section 7).6 -39....3 percent of total imports..065) (Herfindahl Index = 0. "Mineral fuels... 1 884...3 -6...6 10......0 8.6 US$/kg 334 8703 Motor cars and other motor vehicles principally designed for the transport..8 US$/MWh 351 7204 Ferrous waste and scrap.9 -2... & veg.....5 -18.............9 1... 13..7 5 6 876.... Growth rates 2015 Avg.1 127.4 5 Chemicals 6 16 857.......4 -47.8 0......05 or 30. 30...1 31.........1 32.....2 31.4 %) Table 4: Top 10 import commodities 2013 to 2015 HS Value (million US$) Unit value SITC code 4-digit heading of Harmonized System 2012 2013 2014 2015 2013 2014 2015 Unit code All Commodities.4 -14..3 -2.........8 12..7 3 994.....4 9.......... America South−eastern Europe 5 th 5 th CIS Northern Africa 10 th 10 th Sub−Saharan Africa Latin Am........1 %) largest commodity groups for imports in 2015.......3 -49........8 and 11.....0 -21.......7 0.8 2+4 3 849..2 7 Machinery and transport equipment 8 3 850.. 5 131.0 Total 60 174...4 8.........8 3 7 689....... 940.....5 -14...7 1 891.5 -5.. Remaining ( 9......2 2 460...............8 8........ other than crude. 2 581...6 -16..2 -10.. 1 028.. representing respectively 31...4 9 Not classified elsewhere in the SITC Graph 4: Merchandise trade balance Graph 5: Partner concentration of merchandise trade (Bln US$ by MDG Regions in 2015) (Cumulative share by ranked partners in 2015) Imports Exports Trade balance Imports Exports Developed Asia−Pacific (Herfindahl Index = 0.....1 275....6 931 2710 Petroleum oils..0 53... The top ( 39...9 7....3 28...0 1 319..4 0+1 4 739.......9 -5........ 2 648...1 7 18 795.1 11...........5 1 117. 1 322. fees ( 5.4 1 357.. accounting for respectively 14...6 6...9 -19.................5 0..8 -9....4 1 148... the largest import commodity was "Petroleum oils and oils obtained Other business from bituminous minerals.6 6..1 8 Miscellaneous manufactured articles 9 5 071............2 1 414...2 %) Germany and Sweden...............7 100.....2 8 396..7 -9...3 2 651.3 bln US$.0 9.....6 5 021.9 -21.0 bln US$ (see graph 6).... 789..0 0..1 thsd US$/unit 781 3004 Medicaments (excluding goods of heading 30...7 -2.5 6......3 705...9 -31..6 279.......8 3 Mineral fuels.. 77 587..9 764 8471 Automatic data processing machines and units thereof..4 50......... growth and shares in percentage) (Value in million US$.5 20....5 9 5 629.4 2+4 Crude materials + anim.0 24..........2 US$/kg 542 8517 Electrical apparatus for line telephony or line telegraphy. 9 342......... 1 310..... lubricants 5 4 581...4 and 11...... Finland Services Imports and Exports: EBOPS 2002 categories Table 2: Merchandise exports by SITC Table 3: Merchandise imports by SITC SITC Legend (Value in million US$................5 0.........3 60 174......6 -15.1 18........ "Other business services" (EBOPS code 268) accounted for the largest share of imports of services in 2012 at 12.7 11........5 %) information ( 8......5 bln US$ and Computer & "Travel" (EBOPS code 236) at 5..7 -9...8 5 601..... crude.. animals + beverages.....2 6 6 492...4 -8.....8 %) three partners for merchandise imports were the Russian Federation.....6 100. Travel ( 16.. growth and shares in percentage) Avg...9 1 025...0 Total All commodities 0+1 1 443..3 21. Growth rates 2015 SITC SITC 2015 2011-2015 2014-2015 share SITC 2015 2011-2015 2014-2015 share Code Description Total 59 682..7 -19.5 19.....02.7 -5...........7 2......9 -22..06)....9 1 193...4 -13. From 2013 to 2015.. Transportation lubricants" (SITC section 3) and "Chemicals" (SITC section 5) were the ( 21........3 7..5 47. 12....4 1 167...........2 10..9 0+1 Food.4 US$/kg 282 Source: UN Comtrade ..... oils 3 4 036..3 US$/kg 784 2716 Electrical energy..3 269..8 -14..4 percent of imported goods (see table 3).7 10.0 US$/unit 752 8708 Parts and accessories of the motor vehicles of headings 87..9.........4 142..4 139. remelting scrap ingots of iron or steel.3 1 718....0 -27....2 -12.0 %) Royalties & lic...1 -7.......4 2709 Petroleum oils and oils obtained from bituminous minerals..