Finnish exports increased in July by 20 %

Finnish Customs reports a 20 per cent increase in the value of Finnish exports and a 17 per cent increase in the value of imports in July year-on-year. The value of Finnish exports in July was almost 4.7 billion euros and the value of imports correspondingly five billion euros. Calculated from the beginning of the year, the cumulative increase in exports comes up to 16 per cent and in imports to 14 per cent.

Finnish exports to EU member states increased by 27 per cent and to non-EU countries by ten per cent in July. In the same way, Finnish imports from EU-countries increased by nine per cent and from non-EU countries by 31 per cent. Calculated from the beginning of the year, the cumulative increase in exports to EU was 17 per cent and to non-EU countries 14 per cent. During the same period, the cumulative increase in imports from the EU member states was eight per cent and from other countries 25 per cent.

In July, Finland’s exports to Germany and the Netherlands increased most. The top countries in imports were Germany, Estonia and Russia.

Source: Finnish Customs / Foreign trade statistics