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Growth in international trade slowed down from the early part of the year in the last quarter of 2022

release | International trade in goods and services 2022, 4th quarter

According to Statistics Finland, the value of service exports was EUR 9.6 billion in the last quarter of 2022 and grew by two per cent compared to the corresponding period of the previous year. The value of service imports was EUR 10.7 billion and grew by 15 per cent. Both exports and imports of services were at the highest level in their measuring history. Service exports grew extensively, but the growth remained relatively small due to exports of ICT services. Around one-half of the growth in service imports was explained by the recovery of travel imports, that is, Finnish residents' travel abroad.

Key selections

  • In the last quarter of 2022, exports of goods and services grew by EUR 2.6 billion (9 %) and imports by EUR 3.6 billion (12 %) compared to one year ago.
  • Exports of services were EUR 0.2 billion (2 %) and imports of services were EUR 1.4 billion (15 %) higher than one year ago.
  • The biggest change in service exports in the quarter was a EUR 0.9 billion decrease in ICT services from one year back. An extensive rise was seen in exports of other service items.
  • In service imports, growth was biggest in travel (EUR 0.7 billion) and transport services (EUR 0.3 billion).
  • The service account remained exceptionally in deficit. In the last quarter, the deficit was EUR 1.2 billion.

Figures

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Exports and imports of goods and services by service item 2013Q1-2022Q4

Exports and imports of goods and services by region 2013Q1-2022Q4

Tables

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International trade in goods and services by region 2019Q4-2022Q4

International trade in goods and services by service item 2019Q4-2022Q4

Database tables

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Updated database tables
12gq
Classifications used:
  • Service item
  • Region
Period:
quarter
Statistics:
Updated:
12gs
Classifications used:
  • Service item
Period:
quarter
Statistics:
Updated:
12gr
Classifications used:
  • Service item
  • Region
Period:
annual
Statistics:
Updated:

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Joonas Pohja
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