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Finnish exports to Russia and Central Asia have experienced a significant downturn, dropping 68.9% over two years, according to Eurostat s international trade statistics. In 2021, Finland s share of EU exports to these regions was 3.9%, but by 2023, this figure had fallen to just 1.9%. This decline indicates that Finnish companies have reduced their exports to the East far more than the EU average. ....
A recent study by Finnish Customs reveals a growing trade partnership between Finland and the United States. The United States has reaffirmed its position as Finland s third-largest export destination and has risen to become the fifth-largest source of imports for Finland between January and September 2023. This trading relationship has resulted in a significant surplus for Finland, highlighting the United States increasing importance as a trading partner. ....
Customs: US trade link growing more important yle.fi - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yle.fi Daily Mail and Mail on Sunday newspapers.
Monday's papers: DoS attack on Åland, Lebanon travel advisory, more Saimaa seals yle.fi - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yle.fi Daily Mail and Mail on Sunday newspapers.
Since the beginning of the conflict in Ukraine, exports from European Union (EU) countries to Russia have significantly decreased, with the January-February period seeing only half the amount of exports as in previous years. Finnish exports to Russia have declined even more than the EU average. In contrast, EU exports to Central Asian countries have been on the rise. The increase in Finnish exports to Central Asia is due to differences in statistical methodology, new entrants to the market, and potential circumvention of sanctions. ....