Trade Policy and Regulations in Finland
Foreign Trade in Figures
Finland is a highly industrialized country, whose economy relies heavily on exports (40% of the GNP) and whose trade accounts for roughly 85% of the GDP.
As an effect of the global economic crisis, the country experienced an unprecedented fall in foreign trade, exports decreasing by 32% and imports by 31%. The recovery in 2010 has been slow. The country's trade balance is structurally positive and remains positive in spite of a deterioration due to the crisis; this trend should continue in 2011.
The country's main trading partners are Germany, Russia, Sweden, China and the United States.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||69,375||81,704||91,781||60,890||68,095|
|Exports of Goods (million USD)||77,206||90,025||96,456||62,855||69,264|
|Imports of Services (million USD)||18,571||22,613||30,377||25,636||22,864|
|Exports of Services (million USD)||17,388||23,167||31,772||27,482||24,750|
|Imports of Goods and Services (Annual % Change)||8||7||6||-18||-|
|Exports of Goods and Services (Annual % Change)||12||5||-||-||-|
|Trade Balance (million USD)||11,505||12,503||10,210||4,790||-|
|Current Account (million USD)||9,497||10,610||7,652||6,814||-|
|Foreign Trade (in % of GDP)||86||87||90||72||-|
|Imports of Goods and Services (in % of GDP)||41||41||43||35||-|
|Exports of Goods and Services (in % of GDP)||46||46||47||37||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||55.8%|
(% of Imports)
|Other partnersClose extended list||46.0%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
Finland is a member of European Union and European Monetary Union. The EU is firmly committed to the promotion of open and fair trade with all its trading partners and has multilateral agreements and bilateral agreements trade agreements with several countries.
- Assessment of Commercial Policy
The Finnish commercial policy
Barriers to exchanges
- Average Customs Duty (Excluding Agricultural Products)
- The duties for non-European countries are relatively low, especially for manufactured goods 2.61% or 4.17%. However, textile and clothing items still have high duties and quotas. Click here to access the European Online Customs Tariff Database (TARIC).
- Useful Resources
- National Organization of Intellectual Property
Ministry of Education and Culture
National Board of Patents and Registration of Finland (NBPR)
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2012 Country Commercial Guide for U.S. Companies doing business in Finland.
U.S. Commercial Service on 13 Mar 2012 related to Trade Policy and Regulations in Finland
Europe has to accelerate the shift towards a more diversified use of domestic bio-based natural resources without at the same time increasing the environmental burden elsewhere, concluded a top-level forum.
Teknotietamys Oy (Techknowledge Ltd.) on 7 Apr 2010 related to Trade Policy and Regulations in Finland
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