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Finland

Finland ranked No. 52 in total trade value through February with a total of $1.18 billion. Exports totaled $247.27 million and Imports totaled $932.74 million, a deficit of $685.47 million.

January – February 2019

Top Trading Ports

Total Trade: $1.18 billion

RankPortTotal YTD
1Port of Baltimore, Md. $150,699,383
2John F. Kennedy International Airport $146,441,761
3Port of Newark $135,294,202
4Port of Virginia $78,254,077
5Port of Brunswick, Ga. $57,223,356
6Port of Charleston $51,744,780
7Cleveland’s Hopkins International Airport, Ohio $50,853,341
8Chicago O’Hare International Airport $43,879,795
9Port of Jacksonville, Fla. $42,363,312
10Port of Los Angeles $40,565,954

U.S. trade with Finland rose to $1.18 billion through February

Finland’s trade with the United States rose to $1.18 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.8 percent below its total trade during the same time period last year. Finland’s exports decreased 5.01 percent while imports fell 18.26 percent. The U.S. deficit with Finland was $685.47 million.

Through February, 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 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 Newark No. 4 Port of Virginia and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 48.13 percent of Finland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Baltimore, Md. fell 34.76 percent to $150.7 million.
    Exports fell 38.85 percent to $10.45 million. Imports fell 34.44 percent to $140.25 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 21.05 percent to $146.44 million.
    Exports fell 25.81 percent to $11.86 million. Imports fell 20.6 percent to $134.58 million.
  • Trade with No. 3 Port of Newark rose 26.07 percent to $135.29 million.
    Exports fell 14.19 percent to $9.36 million. Imports rose 30.62 percent to $125.94 million.
  • Trade with No. 4 Port of Virginia fell 23.5 percent to $78.25 million.
    Exports rose 99.93 percent to $15.29 million. Imports fell 33.47 percent to $62.97 million.
  • Trade with No. 5 Port of Brunswick, Ga. fell 20.17 percent to $57.22 million.
    Exports fell 90.74 percent to $222,524. Imports fell 17.72 percent to $57 million.

Finland ranked No. 52 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 $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Finland by value through February 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 29.94 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 Paper, uncoated, for writing –– accounted for 42.98 percent of all inbound shipments.

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

  • Nickel ores and concentrates rose 38.72 percent compared to last year to $28.33 million.
  • Computer chips rose 240.9 percent compared to last year to $13.58 million.
  • Motor vehicles for transporting people fell 26.51 percent compared to last year to $12.01 million.
  • Low value shipments fell 6.04 percent compared to last year to $11.71 million.
  • Civilian aircraft, parts fell 2.4 percent compared to last year to $8.4 million.

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

  • Motor vehicles for transporting people fell 47.21 percent compared to last year to $144.86 million.
  • Sutures, dental cements, etc. fell 27.87 percent compared to last year to $100.59 million.
  • Paper and paperboard, coated with kaolin rose 3.53 percent compared to last year to $81.5 million.
  • Gasoline, other fuels fell 14.75 percent compared to last year to $47.12 million.
  • Paper, uncoated, for writing rose 45.61 percent compared to last year to $26.81 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.