Sunday. 02.10.2022
BUSINESS

Finland trade surplus rises, producer prices continue to decline

Producer prices decreased 0.8% year-on-year in January, following a 2.9% decline in December.
Worker-manufacturing by Pixabay

Finland's trade surplus rose less than initially estimated in December, final figures from the Finnish Customs showed.

The trade surplus was 1.013 billion euros (1.23 billion dollars) in December versus 1.035 billion euros in the initial estimate. In December 2019, the trade surplus was 367 million euros.

Exports grew 7.1% year-on-year in December. In the initial estimate, exports rose 6.8%. Imports fell 4.6% yearly in December. According to the initial estimate, imports declined 5.3%.

In 2020, the trade deficit widened to 2.088 billion from 797 million euros shortfall registered a year ago. In the initial estimate, the trade deficit was 2 billion euros.

Exports declined 11.9% in 2020, as estimated. Imports decreased 9.8% in 2020. According to the initial estimate, imports fell 9.9%.

Producer prices

Finland's producer prices continued to decline in January, data from Statistics Finland showed on Friday. Producer prices decreased 0.8% year-on-year in January, following a 2.9% decline in December.

On a month-on-month basis, producer prices rose 1.4% in January, following a 1.0% increase in the prior month.

The decline in the producer prices for manufactured products was particularly attributable to fallen prices of oil products, pulp, paper, paperboard, cardboard and electronic appliances from January last year.

Import prices declined 3.3% annually in January and export prices fell by 2.6%.

Finland trade surplus rises, producer prices continue to decline
Comments