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Finland

Finland ranked No. 51 in total trade value through March with a total of $1.95 billion. Exports totaled $405.92 million and Imports totaled $1.55 billion, a deficit of $1.14 billion.

January – March 2019

Top Trading Ports

Total Trade: $1.95 billion

RankPortTotal YTD
1Port of Baltimore, Md. $243,999,657
2John F. Kennedy International Airport $236,826,759
3Port of Newark $218,262,676
4Port of Virginia $129,888,765
5Port of Brunswick, Ga. $115,680,972
6Port of Charleston $97,394,107
7Port of Los Angeles $88,926,424
8Cleveland’s Hopkins International Airport, Ohio $84,625,017
9Chicago O’Hare International Airport $77,785,249
10Port of Jacksonville, Fla. $65,493,401

U.S. trade with Finland rose to $1.95 billion through March

Finland’s trade with the United States rose to $1.95 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.47 percent below its total trade during the same time period last year. Finland’s exports decreased 0.03 percent while imports fell 16.42 percent. The U.S. deficit with Finland was $1.14 billion.

Through March, 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 Virginia No. 4 Port of Newark and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 48.35 percent of Finland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Baltimore, Md. fell 34 percent to $244 million.
    Exports fell 16.33 percent to $21.86 million. Imports fell 35.34 percent to $222.14 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 10.22 percent to $236.83 million.
    Exports fell 31.33 percent to $19.2 million. Imports fell 7.72 percent to $217.62 million.
  • Trade with No. 3 Port of Newark rose 27.01 percent to $218.26 million.
    Exports rose 7.51 percent to $16.62 million. Imports rose 28.94 percent to $201.64 million.
  • Trade with No. 4 Port of Virginia fell 27.1 percent to $129.89 million.
    Exports rose 69.29 percent to $21.1 million. Imports fell 34.35 percent to $108.79 million.
  • Trade with No. 5 Port of Brunswick, Ga. fell 26.57 percent to $115.68 million.
    Exports fell 94.27 percent to $222,524. Imports fell 24.85 percent to $115.46 million.

Finland ranked No. 51 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 49.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Finland by value through March were the categories of Nickel ores and concentrates; Motor vehicles for transporting people; Civilian aircraft, parts; Computer chips; and Low value shipments, respectively. They accounted for 30.07 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 Machinery For Making Pulp & Making Etc Paper, 8439 –– accounted for 45.32 percent of all inbound shipments.

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

  • Nickel ores and concentrates rose 66.7 percent compared to last year to $37.11 million.
  • Motor vehicles for transporting people fell 9.09 percent compared to last year to $24.44 million.
  • Civilian aircraft, parts rose 32.52 percent compared to last year to $21.05 million.
  • Computer chips rose 128.6 percent compared to last year to $20.27 million.
  • Low value shipments fell 0.87 percent compared to last year to $19.18 million.

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

  • Motor vehicles for transporting people fell 47.03 percent compared to last year to $272.44 million.
  • Sutures, dental cements, etc. fell 12.39 percent compared to last year to $168.71 million.
  • Paper and paperboard, coated with kaolin rose 8.28 percent compared to last year to $130.86 million.
  • Gasoline, other fuels rose 9.04 percent compared to last year to $86.67 million.
  • Machinery For Making Pulp & Making Etc Paper, 8439 rose 8.04 percent compared to last year to $42.87 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.