National Accounts 2017 International trade in goods and services 2017, Exports of services growing in the first of 2017 Exports of services grew by four per cent in the first of 2017 when compared with the corresponding one year previously. Imports of services increased by five per cent. Exports of services were boosted by tourism, transport, and construction and project deliveries. By contrast, exports of telecommunications, computer and information services continued to decline. The data appear from Statistics Finland's statistics on international trade in goods and services. Imports and exports of services The combined exports of goods and services grew by 15 per cent and imports by 10 per cent in the first of 2017 compared with the corresponding in 2016. Exports of goods in balance of payment terms grew by 20 per cent and imports of goods by 13 per cent. Helsinki 21.6.2017 Quoting is encouraged provided Statistics Finland is acknowledged as the source.
International trade in services by service item The biggest individual item in exports, telecommunication, computer and information services*, continued declining. In the first of 2017, it contracted by three per cent from the first of 2016. Technical, trade-related and other business services also decreased in exports in the reference period. Measured in percentages, transport, as well as construction and project deliveries grew most among export service items. Transport increased by 17 per cent, while construction and project deliveries grew by 16 per cent when comparing the first s of 2016 and 2017. Tourism receipts from abroad to Finland grew by nine per cent. Imports of telecommunication, computer and information services grew by 12 per cent. Both other business services and tourism expenditure from Finland to abroad remained on level with twelve months ago. Other business services is the largest service item in imports with a 31 per cent share. Exports of services by service item International trade by area Slightly over 68 per cent of total exports were directed at Europe in the first of 2017. Nearly one-half of this was directed at the euro area. The shares of different areas in total exports and imports of goods and services have mostly remained unchanged in the first of 2017 compared to the corresponding period in 2016. Europe s share in total imports of goods and services was 83 per cent in the first of the year. The euro area accounted for around 50 per cent of this. Total imports from Russia increased by 65 per cent in the first compared with 2016. Thus, the share of Russia in total imports grew by around three percentage points in the reference period in question. Service imports from the UK grew by 14 per cent from one year ago but goods imports from the UK declined by six per cent. The share of service exports or goods imports to and from the UK did not change, however. 2
Exports of goods and services in balance of payment terms by area Statistics on international trade The statistics on international trade in goods and services are part of balance of payments. The statistics comprise breakdowns of goods and services on a more detailed level. The guidelines and recommendations of the Balance of Payments Manual (BPM6) applied to balance of payments are consistent with the European System of Accounts (ESA 2010). National Accounts are published on ly and annual levels. Finnish Customs publishes data on trade of goods across borders. The trade of goods published by Finnish Customs is used as source data for the statistics on international trade in goods and services. Removals and additions caused by definitions are made to them to achieve goods trade in balance of payments terms. Finnish Customs statistical service, tilastot@tulli.fi, +358 29 552 335. 3
Contents Tables Appendix tables Appendix table 1. Export in balance of payments terms, EUR mil...5 Appendix table 2. Import in balance of payments terms, EUR mil...5 Appendix table 3. International trade in balance of payments terms by region, EUR mil...6 Revisions in these statistics...7 4
Appendix tables Appendix table 1. Export in balance of payments terms, EUR mil. 1 Goods and services total 1.1 Goods trade in balance of payment terms 1.1.1 Goods trade in customs terms 1.1.2 Factory goods production goods sent abroad for processing and merchanting 1.2 Services total 1.2.1 Manufacturing services 1.2.2 Transportation 1.2.3 Tourism 1.2.4 Construction and project deliveries 1.2.5 Financial and insurance services 1.2.6 Royalties and licence fees n.i.e. 1.2.7 Telecommunications computer and information service 1.2.8 Other business services 1.2.8.1 Research and development services 1.2.8.2 Business and management consulting services 1.2.8.3 Technical trade-related and other business services 1.2.9 Other services 2016 17,771 12,095 12,148-52 5,676 305 590 613 432 116 560 1,849 1,131 103 319 710 79 2nd 19,191 13,737 13,646 91 5,454 274 691 522 498 112 550 1,657 1,072 123 322 626 76 3rd 18,621 13,039 12,461 578 5,582 252 707 772 568 116 657 1,401 1,023 122 295 606 86 4th 20,114 13,839 13,525 314 6,275 321 715 547 678 111 694 1,884 1,235 127 381 727 90 2017 20,361 14,461 14,371 90 5,900 320 691 666 500 125 579 1,788 1,134 137 326 670 95 Appendix table 2. Import in balance of payments terms, EUR mil. 1 Goods and services total 1.1 Goods trade in balance of payment terms 1.1.1 Goods trade in customs terms 1.1.2 Goods sent abroad for processing 1.1.3 CIF-FOB conversion 1.1.4. Other differences 1.2 Services total 1.2.1 Manufacturing services 1.2.2 Transportation 1.2.3 Tourism 1.2.4 Construction and project deliveries 1.2.5 Financial and insurance services 1.2.6 Royalties and licence fees n.i.e. 1.2.7 Telecommunications computer and information service 1.2.8 Other business services 1.2.8.1 Research and development services 1.2.8.2 Business and management consulting services 1.2.8.3 Technical trade-related and other business services 1.2.9 Other services 2016 18,359 12,387 13,041-69 -860 274 5,972 268 1,131 977 294 281 186 689 1,984 438 540 1,006 163 2nd 19,544 13,154 13,838-71 -905 292 6,390 269 1,198 1,147 406 321 249 694 1,941 389 532 1,020 164 3rd 18,973 12,738 13,332-69 -865 340 6,235 251 1,151 1,261 413 254 174 616 1,948 423 557 968 167 4th 20,906 13,848 14,458-79 -936 405 7,058 282 1,287 1,287 448 347 227 848 2,160 415 579 1,166 172 2017 20,262 13,978 14,995-478 -903 364 6,284 284 1,185 1,012 386 310 189 773 1,958 429 501 1,028 187 5
Appendix table 3. International trade in balance of payments terms by region, EUR mil. Import Export Total..Europe..EU28...Euro area...netherlands...germany...rest of EU28 (non Euro area)...united Kingdom...Sweden...Rest of Europe (non EU28)...Russia..America...United States..Africa..Asia...China.. Other and unknown Total..Europe..EU28...Euro area...netherlands...germany...rest of EU28 (non Euro area)...united Kingdom...Sweden...Rest of Europe (non EU28)...Russia..America...United States..Africa..Asia...China.. Other and unknown 2016 18,359 14,917 13,106 7,775 1,398 2,622 5,332 807 2,973 1,811 1,151 1,114 712 143 1,685 664 500 17,771 12,044 10,020 5,822 1,017 1,527 4,198 977 2,198 2,024 808 2,231 1,681 426 2,868 814 202 2nd 19,544 16,584 14,326 8,462 1,415 2,786 5,864 926 3,256 2,259 1,511 1,011 734 174 1,455 608 319 19,191 13,054 10,805 6,340 906 2,032 4,465 958 2,399 2,250 777 2,324 1,681 483 3,112 969 217 3rd 18,973 15,712 13,537 8,025 1,418 2,679 5,513 738 3,188 2,175 1,507 1,120 724 155 1,692 765 294 18,621 12,466 10,236 5,781 947 1,536 4,455 1,004 2,474 2,230 871 2,386 1,734 420 3,121 965 227 4th 20,906 17,253 14,628 8,581 1,628 2,822 6,047 835 3,564 2,625 1,843 1,313 886 133 1,732 631 475 20,114 13,621 11,168 6,476 1,176 1,802 4,692 985 2,609 2,453 1,069 2,606 1,749 473 3,182 1,028 231 2017 20,262 16,766 14,032 8,324 1,625 2,752 5,708 835 3,305 2,734 1,900 1,175 824 135 1,896 694 290 20,361 13,929 11,523 6,841 1,310 1,552 4,682 1,003 2,487 2,407 1,009 2,346 1,689 399 3,400 1,141 287 6
Revisions in these statistics Revision of goods and services in balance of payment terms, EUR million 1. release Previous release (2017-03-15) Latest release (2017-06-21) Revision Import of goods 2016Q1 2016Q2 12,499 13,411 12,387 13,154 12,387 13,154-112 -257 2016Q3 12,863 12,738 12,738-125 2016Q4 13,848 13,848 13,848 0 Export of goods 2016Q1 2016Q2 12,397 13,856 12,095 13,737 12,095 13,737-302 -119 2016Q3 13,009 13,039 13,039 30 2016Q4 13,839 13,839 13,839 0 Import of services 2016Q1 2016Q2 2016Q3 5,595 5,983 5,826 5,972 6,390 6,235 5,972 6,390 6,235 378 407 409 2016Q4 7,058 7,058 7,058 0 Export of services 2016Q1 2016Q2 2016Q3 5,418 5,221 5,275 5,676 5,454 5,582 5,676 5,454 5,582 258 233 307 2016Q4 6,275 6,275 6,275 0 7
National Accounts 2017 Inquiries Risto Sippola Terhi Tulonen Director in charge: Ville Vertanen 029 551 3383 029 551 3604 www.stat.fi Source: International trade in goods and services 2017, Statistics Finland Communication and Information Services, Statistics Finland tel. +358 29 551 2220 www.stat.fi Publication orders, Edita Publishing Oy tel. +358 20 450 05 www.editapublishing.fi ISSN 1796-0479 = Official Statistics of Finland ISSN 2343-4244 (pdf)