Goods sent to Finland for processing charged to a foreign producer
When goods are sent to Finland for processing, the producer owns the raw materials and the finished product and carries the risk for the whole production process. Economic ownership is abroad. The foreign producer pays to the Finnish processor, which can also be its affiliate, compensation for the work done (service). The manufacturing premium is recorded in balance of payments in Finland's exports of services. Goods imported to Finland for processing and finished goods exported back from Finland are removed in the balance of payments from Finland's goods trade, because their ownership does not change.
Statistics using the definition
Validity of the definition
- Valid until (31 December 2078)