FX.co ★ Finnish Trade Deficit Narrows in February

Finland's trade deficit decreased to EUR 0.21 billion in February 2025 from EUR 0.73 billion in the same month the previous year, as per preliminary data. Imports saw a year-on-year decline of 3.3%, reaching EUR 5.95 billion, largely due to a significant 10.1% drop in purchases from non-EU countries. Conversely, imports from EU countries rose by 1.5%. The most notable reductions in imports were observed from the United Kingdom (-36.4%), Canada (-25.2%), the United States (-21.0%), and Russia (-14.9%). In contrast, exports experienced a robust increase of 5.8%, amounting to EUR 5.74 billion. This growth was driven by higher sales to both EU countries (up 3.4%) and non-EU countries (up 9.2%). Noteworthy growth in exports was recorded to Latvia (104.5%), Lithuania (71.5%), South Korea (48.1%), Norway (48.0%), and Poland (32.3%). Cumulatively, for the first two months of the year, Finland's trade deficit decreased to EUR 395 million, down from EUR 1.0 billion during the same period last year.