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Published: 6 June 2014

Service trade and international output generated close on EUR 4 billion in income for Finland in 2013

According to Statistics Finland, the surplus from international trade in services and the sales margin of goods manufactured abroad generated profits of nearly EUR 4 billion for Finland in 2013. A majority of the value added from goods manufactured abroad are not generated in the manufacturing process but comes from intellectual property (trademarks, models, copyrights and patents). Therefore, the income is also recorded in the home country of enterprises that operate internationally. In service exports, the share of income from intellectual property is also high.

Imports, exports and surplus of international trade in services 2013, mill. euro

Imports, exports and surplus of international trade in services 2013, mill. euro

The value of service exports totalled EUR 12.6 billion in 2013. Service imports amounted to EUR 11.5 billion, so foreign trade in services was EUR 1.1 billion in surplus. In addition to foreign trade in services, EUR 2.7 billion was generated in income from the sale of goods manufactured abroad.

Margin from goods manufactured abroad in 2013, EUR million

Item 2013
Net sales of goods processed abroad and of merchanting 2,655

Service items

Most income was generated from computer and information services, user licenses of results from R&D activity, as well as construction and project deliveries that cover more than one-half of service exports. These items were also clearly in surplus.

The main service items in imports of services were research and development services, and computer and information services. Service imports were, however, more dispersed when viewed by service item than exports were. The surplus was depressed most by research and development services and business and management consulting services.

Areas

In 2013, the main trade partners in foreign trade in services for both exports and imports were Sweden, the United States and Germany. Foreign trade in services was in deficit to all of these countries, as well as to the area of the European Union. The surplus in foreign trade in services was mainly generated in Asia and in European countries outside the European Union.

Around one-half of service exports were directed at countries within the European Union. In service imports, the share of the European Union was nearly two-thirds. Significant targets were also found in Asia and America but foreign trade in services with countries in Africa and Oceania is minor.

Data content

The statistics on foreign trade in services are based on Statistics Finland's annual and quarterly inquiries concerning foreign trade in services that also include items connected to international output. The data include service trade between group enterprises. The statistics do not contain data on transport, tourism and insurance services. The data are used in the compilation of national accounts and as part of the balance of payments.


Source: Foreign trade in services 2013, preliminary results, Statistics Finland

Inquiries: Risto Sippola 09 1734 3383 (9.6.2014 => 029 551 3383), Pauliina Peltonen 09 1734 2585 (9.6.2014 => 029 551 2585), globalisaatio.tilastot@stat.fi

Director in charge: Hannele Orjala

Publication in pdf-format (226.2 kB)

Tables

Tables in databases

Appendix tables


Updated 6.6.2014

Referencing instructions:

Statistics: International trade in services [e-publication].
ISSN=1798-3525. 2013. Helsinki: Statistics Finland [referred: 19.8.2019].
Access method: http://www.stat.fi/til/pul/2013/pul_2013_2014-06-06_tie_001_en.html