Preliminary statistics on the international trade in goods, July 2023

6.9.2023 9.00

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Finnish Customs, Statistics

Volume of exports decreased by 11.1 per cent in July 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 20.6 per cent in July year-on-year. The value of Finnish exports in July was EUR 5.3 billion. Export volume decreased by 11.1 per cent, and export prices declined by 9.1 per cent year-on-year.

The value of imports decreased by 24.6 per cent in July and the value of imports was EUR 5.9 billion. Import prices declined by 11.6 per cent and import volume decreased by 14.8 per cent compared to July 2022.

In January-July 2023, the total value of exports decreased by 5.8 per cent and the value of imports by 16.5 per cent year-on-year. Change of export volume during the latest 12 months was -4.5 per cent (12 month moving average August 2022 – July 2023). The corresponding figure for import volume ‘was -7.9 per cent.

The trade balance was in deficit of EUR 605 million in July. In January-July, the aggregated deficit amounted to EUR 1.5 billion. In July 2022, the trade balance was EUR 1,2 billion in deficit and in January-July of the same year, the aggregated deficit was EUR 7.8 billion.

Volume of external exports decreased more than internal exports in July

Value of exports to EU member states decreased by 19.0 per cent and to non-EU countries by 22.6 per cent in July compared to the same month the previous year. The volume of exports to EU countries decreased by 6.6 per cent and to non-EU countries by 16.6 per cent during the same time.

Calculated from the beginning of the year, value of exports to EU countries decreased by 4.9 per cent and to non-EU countries by 7.0 per cent. The volume of exports to EU member states decreased by 6.3 per cent and the volume of exports to non-EU countries by 1.2 per cent calculated according to 12-month moving average.

Value of imports from EU countries decreased by 22.9 per cent and from non-EU countries by 26.6 per cent in July. The volume of imports from EU member states decreased by 11.0 per cent and from non-EU countries by 20.7 per cent.

Calculated from the beginning of the year, value of imports from EU member states decreased by 10.6 per cent and from other countries by 23.5 per cent. The volume of imports from EU member states decreased by 4.1 per cent, and the volume of imports from non-EU countries by 11.4 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. The values in the table are preliminary and significant changes are possible when data becomes more complete.

Further information:

Kaarna, Anssi tel. +358 40 332 1853
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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