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Finland

Finland ranked No. 47 in total trade value through June with a total of $4.42 billion. Exports totaled $859.93 million and Imports totaled $3.56 billion, a deficit of $2.7 billion.

January – June 2019

Top Trading Ports

Total Trade: $4.42 billion

RankPortTotal YTD
1Port of Baltimore, Md. $610,656,379
2Port of Newark $528,192,422
3John F. Kennedy International Airport $397,023,883
4Port of Virginia $226,709,155
5Port of Brunswick, Ga. $224,993,060
6Port of Charleston $222,754,795
7Port of Los Angeles $219,494,317
8Port of Houston $197,655,630
9Cleveland’s Hopkins International Airport, Ohio $186,043,780
10Chicago O’Hare International Airport $170,871,070

U.S. trade with Finland rose to $4.42 billion through June

Finland’s trade with the United States rose to $4.42 billion through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.08 percent below its total trade during the same time period last year. Finland’s exports decreased 5.21 percent while imports fell 3.8 percent. The U.S. deficit with Finland was $2.7 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Baltimore, Md.; No. 2 Port of Newark; No. 3 John F. Kennedy International Airport; No. 4 Port of Virginia; 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 Los Angeles No. 4 Port of Virginia and No. 5 Port of Newark. In the current time period, the top five accounted for 44.97 percent of Finland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Baltimore, Md. fell 22.16 percent to $610.66 million.
    Exports fell 54.57 percent to $35.4 million. Imports fell 18.59 percent to $575.25 million.
  • Trade with No. 2 Port of Newark rose 73.46 percent to $528.19 million.
    Exports fell 5.84 percent to $28.33 million. Imports rose 82.15 percent to $499.86 million.
  • Trade with No. 3 John F. Kennedy International Airport fell 6.71 percent to $397.02 million.
    Exports fell 29.54 percent to $43.32 million. Imports fell 2.86 percent to $353.7 million.
  • Trade with No. 4 Port of Virginia fell 30.39 percent to $226.71 million.
    Exports rose 55.46 percent to $36.47 million. Imports fell 37.05 percent to $190.24 million.
  • Trade with No. 5 Port of Brunswick, Ga. fell 23.38 percent to $224.99 million.
    Exports fell 74.54 percent to $2.82 million. Imports fell 21.38 percent to $222.18 million.

Finland ranked No. 47 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 50.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Finland by value through June were the categories of Nickel ores and concentrates; Computer chips; Motor vehicles for transporting people; Low value shipments; and Civilian aircraft, parts, respectively. They accounted for 30.51 percent of total exports to Finland.

The value of the top five categories of U.S. imports from Finland –– Motor vehicles for transporting people; Gasoline, other fuels; Sutures, dental cements, etc.; Paper and paperboard, coated with kaolin; and Machinery For Making Pulp & Making Etc Paper, 8439 –– accounted for 49.81 percent of all inbound shipments.

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

  • Nickel ores and concentrates rose 70.52 percent compared to last year to $78.5 million.
  • Computer chips rose 222.91 percent compared to last year to $60.39 million.
  • Motor vehicles for transporting people fell 47.58 percent compared to last year to $45.02 million.
  • Low value shipments fell 6.21 percent compared to last year to $40.91 million.
  • Civilian aircraft, parts fell 3.55 percent compared to last year to $37.58 million.

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

  • Motor vehicles for transporting people fell 32.46 percent compared to last year to $686.19 million.
  • Gasoline, other fuels rose 121.39 percent compared to last year to $437.48 million.
  • Sutures, dental cements, etc. fell 13.39 percent compared to last year to $282.97 million.
  • Paper and paperboard, coated with kaolin rose 1.1 percent compared to last year to $264.11 million.
  • Machinery For Making Pulp & Making Etc Paper, 8439 rose 82.49 percent compared to last year to $102.24 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.