Quantcast
Saturday , September 23 2017
Breaking News
Home / International Customs / Finland / Finland trade balance swings to surplus in May
Finland trade balance swings to surplus in May

Finland trade balance swings to surplus in May

HELSINKI: Finland’s foreign trade surplus turned to a surplus in May from a deficit in the previous year, preliminary figures from Finland Customs Office showed Friday.

The trade balance came in at a surplus of EUR 290 million in May versus a deficit of EUR 175 million in the corresponding month last year.

The value of Exports jumped 27.0 percent year-over-year in May and imports grew by 16.0 percent.

During the first five months of the year, total trade deficit of the country was EUR 750 million compared with a shortfall of EUR 1.4 billion in the same period of 2016.