FX.co ★ Finnish Trade Gap Biggest in Over 4 Years

Finland posted a trade deficit of EUR 1.19 billion in September 2026, more than double the EUR 0.56 billion shortfall recorded in the same month a year earlier, according to preliminary estimates. This was the largest trade gap since August 2022, as imports grew more rapidly than exports.

Exports increased by 6.5% year-on-year to EUR 6.71 billion. Stronger sales to non-EU markets (+18%) were largely offset by weaker demand from EU countries (-0.8%). Among key trading partners, exports to Sweden—Finland’s largest export market, accounting for 13.9% or EUR 0.93 billion of total shipments—rose by 19.1%. Exports also climbed to China (+3.0%) and the United States (+29.3%), while sales to Germany (-2.8%), the Netherlands (-7.5%), and Poland (-14.8%) declined.

Imports, however, grew at a faster pace, rising 15.1% to EUR 7.9 billion. China remained Finland’s largest source of imports, accounting for 12.5% or EUR 0.98 billion. Over the first nine months of 2026, Finland’s cumulative trade deficit widened to EUR 4.02 billion, compared with EUR 0.76 billion in the same period of the previous year.