Finnish Preliminary Trade Deficit At €10 Million In March

Finnish Preliminary Trade Deficit At €10 Million In March

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Finland’s trade balance showed a deficit of ten million Euros in March, according to a statistics from the country. In 2016 March, the trade balance suggested a deficit of Euros 290 million.

Based on the calculation between January and March, there was a deficit of Euros 715 million. During the same period in 2016, the trade balance indicated a deficit of Euros 905 million.

The preliminary data provided by Finnish Customs suggested that exports grew 17 percent in March while the imports value grew ten percent on a year-on-year basis. In March, exports accounted for Euros 5.2 billion in value whereas imports value was also Euros 5.2 billion. Based on the calculations from the commencement of the current year, exports and imports grew 17 percent and 14 percent respectively.

The official release revealed, Exports to EU member states increased by 15 per cent in March and exports to non-EU countries by 20 per cent. Imports from EU-countries increased by four per cent and imports from non-EU countries by 20 per cent in March.