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Finland

Finland ranked No. 48 in total trade value through October with a total of $7.73 billion. Exports totaled $1.62 billion and Imports totaled $6.11 billion, a deficit of $4.48 billion.

January – October 2018

Top Trading Ports

Total Trade: $7.73 billion

RankPortTotal YTD
1Port of Baltimore, Md. $1,182,942,780
2John F. Kennedy International Airport $691,608,936
3Port of Newark $568,689,838
4Port of Los Angeles $510,348,619
5Port of Brunswick, Ga. $472,772,260
6Port of Virginia $462,878,970
7Chicago O’Hare International Airport $302,388,197
8Port of Charleston $270,930,701
9Port of Jacksonville, Fla. $258,572,148
10Port of Houston $248,085,080

U.S. trade with Finland rose to $7.73 billion through October

Finland’s trade with the United States rose to $7.73 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 26.42 percent above its total trade during the same time period last year. Finland’s exports increased 24.39 percent while imports rose 26.97 percent. The U.S. deficit with Finland was $4.48 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Baltimore, Md.; No. 2 John F. Kennedy International Airport; No. 3 Port of Newark; No. 4 Port of Los Angeles; and No. 5 Port of Brunswick, Ga.. During the same period the previous year, the top five were No. 1 Port of Baltimore, Md. No. 2 John F. Kennedy International Airport No. 3 Port of Newark No. 4 Port of Brunswick, Ga. and No. 5 Port of Virginia. In the current time period, the top five accounted for 44.32 percent of Finland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Baltimore, Md. rose 52.77 percent to $1.18 billion.
    Exports rose 343.89 percent to $108.52 million. Imports rose 43.27 percent to $1.07 billion.
  • Trade with No. 2 John F. Kennedy International Airport fell 2.51 percent to $691.61 million.
    Exports fell 4.14 percent to $89.85 million. Imports fell 2.26 percent to $601.76 million.
  • Trade with No. 3 Port of Newark rose 19.37 percent to $568.69 million.
    Exports rose 31.2 percent to $53.6 million. Imports rose 18.26 percent to $515.09 million.
  • Trade with No. 4 Port of Los Angeles rose 110.48 percent to $510.35 million.
    Exports fell 62.84 percent to $2.37 million. Imports rose 115.16 percent to $507.98 million.
  • Trade with No. 5 Port of Brunswick, Ga. rose 59.13 percent to $472.77 million.
    Exports rose 377.01 percent to $16.55 million. Imports rose 55.37 percent to $456.23 million.

Finland ranked No. 48 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 53.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Finland by value through October were the categories of Motor vehicles for transporting people; Cell phones, related equipment; Nickel ores and concentrates; Low value shipments; and Computer parts, respectively. They accounted for 30.03 percent of total exports to Finland.

The value of the top five categories of U.S. imports from Finland –– Motor vehicles for transporting people; Sutures, dental cements, etc.; Paper and paperboard, coated with kaolin; Gasoline, other fuels; and Cell phones, related equipment –– accounted for 50.73 percent of all inbound shipments.

Looking more closely at U.S. exports to Finland:

  • Motor vehicles for transporting people rose 278.08 percent compared to last year to $120.43 million.
  • Cell phones, related equipment rose 135.84 percent compared to last year to $113.13 million.
  • Nickel ores and concentrates rose 103.94 percent compared to last year to $100.5 million.
  • Low value shipments rose 21.72 percent compared to last year to $77.96 million.
  • Computer parts rose 30.88 percent compared to last year to $75.23 million.

Looking more closely at U.S. imports from Finland:

  • Motor vehicles for transporting people rose 84.02 percent compared to last year to $1.51 billion.
  • Sutures, dental cements, etc. rose 2.11 percent compared to last year to $538.6 million.
  • Paper and paperboard, coated with kaolin rose 28.68 percent compared to last year to $451.26 million.
  • Gasoline, other fuels rose 46.1 percent compared to last year to $446.91 million.
  • Cell phones, related equipment rose 52.17 percent compared to last year to $148.44 million.

In the latest annual figures available, Finland recorded $7.42 billion in trade with the United States. At year’s end, its were New York City; Baltimore; Atlanta/Savannah; Los Angeles; and Chicago. Total U.S. exports to Finland were $ 1.53 billion and imports from Finland were $5.89 billion. The U.S. deficit with Finland was $4.36 billion.