Preliminary statistics on the international trade in goods, January 2024

7.3.2024 9.00

Preliminary statistics, January 2024

Export prices decreased by 6.5 per cent and export volume by 1.3 per cent in January according to preliminary data

According to the preliminary statistics of international trade in goods provided by Finnish Customs, the value of Finnish exports decreased by 8.6 per cent in January year-on-year. The value of Finnish exports in January was EUR 5.8 billion. Export volume decreased by 1.3 per cent, and export prices declined by 6.5 per cent year-on-year.

The value of imports decreased by 11.9 per cent in January and the value of imports was EUR 5.9 billion. Import prices declined by 3.7 per cent and import volume decreased by 7.5 per cent compared to January 2023.

Change of export volume during the latest 12 months was -2.9 per cent (12 month moving average February 2023 – January 2024). The corresponding figure for import volume was -10.7 per cent.

The trade balance was in deficit of EUR 95 million in January. In January 2023, the trade balance was EUR 340 million in deficit.

Figure 1. Monthly values of exports, imports and trade balance 2022-2024

Volume of internal exports increased, volume of external exports decreased

Value of exports to EU member states decreased by 7.2 per cent and to non-EU countries by 10.6 per cent in January compared to the same month the previous year. The volume of exports to EU countries increased by 1.1 per cent, but declined to non-EU countries by 4.9 per cent during the same time.

Figure 2. Change of export values by month compared with the same month of the previous year 2022-2024

Value of imports from EU countries decreased by 7.0 per cent and from non-EU countries by 18.0 per cent in January. The volume of imports from EU member states decreased by 3.5 per cent and from non-EU countries by 10.6 per cent.

Figure 3. Change of import values by month compared with the same month of the previous year 2022-2024

In this publication preliminary statistics under table 6 are listed export and import values and percentage change by country. The values in the table are preliminary and significant changes are possible when data becomes more complete.

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.