Exports and imports of services fell moderately in the third quarter of 2023

Release related to topics:National economy
release | International trade in goods and services 2023, 3rd quarter

Change

Starting from the release of 18 December 2023, regional data on international trade are also available for Norway, Turkey and South Korea (Republic of Korea).
Read more about the change

According to Statistics Finland, the value of exports of services decreased by one per cent in the third quarter of 2023 from one year ago. The value of service imports fell by two per cent over the same period. The value of service exports was EUR 8.1 billion and that of imports EUR 9.7 billion in the third quarter of 2023.

Key selections

  • The value of international trade continued declining from the exceptionally high figures of the previous year. The value of goods and service exports decreased by EUR 3.6 billion (-12%) in the third quarter of 2023 compared to one year ago.
  • The value of goods and service imports fell more than that of exports, by EUR 5.1 billion (-16%).
  • The value of goods exports went down by EUR 3.5 billion and the value of goods imports by EUR 4.9 billion. The value of goods exports was EUR 1.4 billion higher than that of imports.
  • The fallen prices of goods from the top figures of the previous year decreased the value of international trade. Data on the volume of international trade can be found in the statistics on quarterly national accounts.
  • The service account strengthened in the third quarter but was still EUR 1.6 billion negative. Thus, imports of services in Finland were still higher than exports of services. The service account was strengthened particularly by a growth in ICT services and a drop in imports of transport services.

Change

Starting from the release of 18 December 2023, regional data on international trade are also available for Norway, Turkey and South Korea (Republic of Korea).
Read more about the change

Figures

See key statistical data in the figures.

Exports and imports of goods and services by service item 2013Q1-2023Q3

Exports and imports of goods and services by region 2013Q1-2023Q3

Tables

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International trade in goods and services by service item 2020Q3-2023Q3

International trade in goods and services by region 2020Q3-2023Q3

Database tables

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Updated database tables
Classifications used:
  • Service item
  • Region
Reference period cycle:
quarter
Updating frequency:
eight times a year
Updated:
Classifications used:
  • Service item
Reference period cycle:
quarter
Updating frequency:
eight times a year
Updated:
Classifications used:
  • Service item
  • Region
Reference period cycle:
year
Updating frequency:
eight times a year
Updated:

Future releases

Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): International trade in goods and services [online publication].
Reference period: 2023, 3rd quarter. ISSN=2343-4244. Helsinki: Statistics Finland [Referenced: 16.11.2024].
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Joonas Pohja
Senior Statistician
029 551 3898

Other experts

Juho Keva
Senior Statistician
029 551 3601

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Katri Kaaja
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029 551 3488