Finland Import Data

Finland's Import/Export Overview and Domestic Market Analysis

Imports & Exports

• Top Trade Partners: Finland's principal trading partners are Germany, Sweden, Russia, China, and the Netherlands.

• Top 5 Imports: Machinery, vehicles, pharmaceuticals, electrical machinery, and metals, accounting for approximately 35% of total imports.

• Top 5 Exports: Machinery, vehicles, paper and board, electrical machinery, and paper products, representing roughly 40% of total exports.

• Trade Balance: Finland maintains a relatively balanced trade, with slight variations depending on global market conditions and demand for its exports.

• Trade Policy Synopsis: Finland adheres to EU trade policies, focusing on free trade, while also implementing measures to support domestic industries.

Domestic Market

• Consumer Spending: Consumer spending is robust, driven by a stable economy and high employment rates, although inflation poses a challenge.

• Interest Rates & Inflation: Interest rates are influenced by the European Central Bank, which has recently seen hikes in response to global inflationary pressures.

• Supply Chain Dynamics: Finland's supply chains are resilient but face occasional disruptions from global events like pandemics and geopolitical tensions.

• Industry Trends: The technology, paper, and metal industries are thriving, while there's a strategic focus on sustainable development and green energy solutions.

Overall Outlook

Finland's economy, characterized by innovation and a strong export sector, is poised for steady growth. Domestic consumption and strategic industrial development will continue to play key roles in its economic resilience.