Exports from Finland to Russia show first rise in nearly three years

Figures released on Monday show August exports to Russia from Finland were up by 2%, boosted by sales of machinery and equipment, refined petroleum products, paper and board. (Yle)
Figures released on Monday show August exports to Russia from Finland were up by 2%, boosted by sales of machinery and equipment, refined petroleum products, paper and board. (Yle)
Finland’s exports to Russia in August grew for the first time since December 2013, according to figures from Finnish Customs.

Figures released on Monday show August exports to Russia were up by 2%, boosted by sales of machinery and equipment, refined petroleum products, paper and board.

However, the value of all the nation’s exports was 2% lower than during the same month of 2015, at just slightly more than 3.9 billion euros.

The most important export countries registering a rise in August were the United States, China, the United Kingdom, France and Russia. Exports to Germany, Sweden and the Netherlands fell.

The balance of trade showed a deficit of 462 million euros in August. For the period of January-August, the balance of trade was in deficit by slightly over 1.7 billion euros.

Related stories from around the North:

Canada: Metal, mineral price drop affecting Canada’s North, Eye on the Arctic

Finland:  Finnish exports to Russia down more than 35 percent, Yle News

Norway:  Norway’s seafood exports booming, The Independent Barents Observer

Russia:  A role for India in Russian Arctic, The Independent Barents Observer

United States:  Alaska sentaor makes new push for crude exports, revenue sharing, Alaska Dispatch News

 

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