Preliminary statistics on the international trade in goods, February 2023

6.4.2023 9.00

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Finnish Customs, Statistics

Port strike reduced international trade in goods significantly in February 

According to the preliminary statistics of international trade in goods provided by Finnish Customs, the value of Finnish exports decreased by 13.8 per cent in February year-on-year. The value of Finnish exports in February was EUR 5.0 billion. Export volume decreased by 18.7 per cent, and export prices increased by 7.4 per cent year-on-year.

The value of imports decreased by 17.2 per cent in February and the value of imports was EUR 5.7 billion. Import prices increased by 3.6 per cent, but import volume decreased by 19.2 per cent compared to February 2022. Port strike reduced international trade in goods significantly in February.

In January-February 2023, the total value of exports decreased by 2.7 per cent and the value of imports by 10.5 per cent year-on-year. Change of export volume during the latest 12 months was -6.0 per cent (12 month moving average March 2022 – February 2023). The corresponding figure for import volume ‘was -2.2 per cent.

The trade balance was in deficit of EUR 725 million in February. In January-February, the aggregated deficit amounted to EUR 1.0 billion. In February 2022, the trade balance was EUR 1.1 billion in deficit and in January-February of the same year, the aggregated deficit was EUR 2.2 billion.

N.B. Finnish Customs publish from statistical month 12/2022 preliminary indices for international trade in goods. Volume and unit value indices are calculated based on preliminary data and revisions are possible when data comes more complete. Data is found at Uljas statistical database under the heading preliminary statistics. The preliminary indices are published at 1-level of CPA classification.

The volume of internal exports decreased less than the volume of external exports

Value of exports to EU member states decreased by 11.1 per cent and to non-EU countries by 17.5 per cent in February compared to the same month the previous year. The volume of exports to EU countries decreased by 14.9 per cent and to non-EU countries 23.2 per cent during the same time.

Calculated from the beginning of the year, value of exports to EU countries decreased by 2.2 per cent and to non-EU countries by 3.5 per cent. The volume of exports decreased by 7.2 per cent and the volume of imports by 3.2 per cent calculated according to 12-month moving average.

Value of imports from EU countries decreased by 3.0 per cent and from non-EU countries by 33.1 per cent. The volume of imports from EU member states decreased by 4.4 per cent and from non-EU countries by 40.3 per cent.

Calculated from the beginning of the year, imports from EU member states decreased by 2.0 per cent and from other countries by 20.3 per cent. The volume of imports from EU member states decreased by 4.8 per cent, but the volume of imports increased by 2.2 per cent calculated according to 12-month moving average.

In this publication preliminary statistics under table 6 are listed export and import values and percentage change by country. Tables 7 and 8 on trade with Russia by more specific commodity level have temporarily been added to the preliminary statistics publication.

The values in the tables are preliminary and significant changes are possible when data becomes more complete.

Further information:

Kaarna, Anssi tel. +358 40 332 8153
Telasuo, Christina tel. +358 40 332 1828
E-mail: forename.surname[at]tulli.fi

The monthly preliminary statistics release contains preliminary overall figures about Finland's international trade in goods. More precise figures of exports and imports as well as detailed statistics about specific countries and goods will be published at the end of the month in the monthly statistical release.

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