On the road from Finnish Lapland to Russia's Kola Peninsula through Salla. Photo: Thomas Nilsen

Exports from Finland to Russia show first rise in nearly three years

Finland’s exports to Russia in August grew for the first time since December 2013, according to figures from Finnish Customs.
October 31, 2016

Figures released on Monday show August exports to Russia were up by 2%, boosted by sales of machinery and equipment, refined petroleum products, paper and board.

However, the value of all the nation’s exports was 2% lower than during the same month of 2015, at just slightly more than €3.9 billion.

The most important export countries registering a rise in August were the United States, China, the United Kingdom, France and Russia. Exports to Germany, Sweden and the Netherlands fell.

The balance of trade showed a deficit of €462 million in August. For the period of January-August, the balance of trade was in deficit by slightly over €1.7 billion.

This story is posted on Independent Barents Observer as part of Eye on the Arctic, a collaborative partnership between public and private circumpolar media organizations.

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