Europe

Finland
Last reviewed: 21 May 2009

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TRADE AND INVESTMENT

UK Exports to Finland (Goods)

The UK’s total visible trade with Finland for 2006 is up 23.7% to £1,817,363,899 on the previous year’s figures. The table below shows the top 10 UK exports to Finland for 2006.

UK Exports to Finland Jan - Dec 2006: Top 10 Divisions

Division & Description	£ Thousand	% CHANGE FROM 2005
Vehicles other than railway or tram rolling stock	457,055	87
Motor cars	411,828	109
Mineral fuels, mineral oils	261,688	64
Nuclear reactors, boilers, machinery and parts thereof	249,981	-9.2
Electrical machinery and equipment	200,436	0.7
Pharmaceutical products	58,108	-18.5
Plastics and plastic products	55,431	10.29
Optical, photographic, medical or surgical equipment	44,198	-5.6
Iron and steel	39,007	-15
Organic Chemicals	36,900	43
Total trade	1,817,363	23.7

This means that the UK is the fourth main exporter to the Finnish market behind Germany, Russia and Sweden. Finland is the UK's 26th largest export (goods) market and the 25th largest export market for services.

Finnish Exports to the UK (Goods)

The amount of Finnish visible exports was up by 23.5% to £2,807,039,8717. The table below shows the top 10 exports from Finland to the UK.

Finnish Exports to the UK: Top 10 Divisions

Division & Description	£ Thousand	% CHANGE
Electrical machinery and equipment
Paper and Paperboard
Wood and articles of wood	286,144	3.3
Mineral fuels, mineral oils	183,179	619
Iron and steel	161,467	120
Nuclear reactors, boilers, machinery and parts thereof	126,177	1.14
Plastics and plastic products	65,907	-0.36
Organic Chemicals	54,982	40.2
Optical, photographic, medical or surgical equipment	42,194	13.1
Vehicles other than railway or tram rolling stock	39,384	-17.7
Total trade	2,807,039	23.5

The UK is Finland’s fourth largest export market after Russia, Sweden and Germany, with 6.5% of Finnish exports going to the UK. Finland continues to enjoy a surplus on her trade in goods with the UK with an increased figure of £989,675,972. Finland is the 27th largest source of imports into the UK.

Trade in Services

The UK's export of services to Finland in 2006, the last year for which figures are available, was worth £1,094 million. While Finland's export of services to the UK in 2004 was worth £338 million. The UK's balance of exports in services to Finland has traditionally been strong and 2006 was no exception with a balance of £756 million in the UK's favour. This is a 51% increase on 2005. Finland is the UK's 25th largest export market for services in 2005.

Overseas Direct Investment

The Office of UK National Statistics state that in 2005, Finnish companies had invested £252 million into the UK (net foreign direct investment). This makes Finland the 7th largest investor from the EU25 into the UK.

In 2005, the UK was the third biggest foreign investor in Finland behind Sweden and the Netherlands. Net Direct Investment into Finland by UK companies in 2005 was £701 million. This is a significant increase on the previous 2 years. According to Invest in Finland, 17 UK companies established themselves in Finland in 2006.

UK Trade & Investment Country Profile: Finland

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Useful Links

BBC Timeline of Finland
UK Trade & Investment Country Profile: Finland
Virtual Finland is a comprehensive website administered by the Finnish Ministry of Foreign Affairs with links to government, NGOs and other Finland–related sites.
The national broadcaster YLE has its own site in English including live Finnish radio and a recorded news summary in English.
The leading daily newspaper is: Helsingin Sanomat - a Helsinki newspaper that has a wide readership in the rest of Finland.
Finnish Statistics