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Published: 1 July 2021

Value of industrial output EUR 84 billion in 2020

According to Statistics Finland’s statistics on industrial output, the value of the sold output of industry (branches B: Mining and quarrying and C: Manufacturing) was EUR 84.1 billion in 2020. The value of the sold output of industry fell by nearly one tenth from the previous year.

Value of sold industrial output by commodity in 2020 ¹⁾

		Value of sold industrial production (million euro)	Proportion of industrial production (%)	Change of annual value (%)
Total		84,070	100.0	-9.7
B Products from mining and quarrying		1,668	2.0	4.4
C Manufactured goods		82,012	97.6	-10.0
10-12 Food, beverages and tobacco		9,206	11.0	0.3
13-15 Textiles, clothes, leather and leather products		589	0.7	6.6
16-17 Forest industry products		14,429	17.2	-14.5
19-22 Chemical industry products		15,589	18.5	-20.1
24-30, 33 Metal industry products		38,140	45.4	-6.1
	24-25 Metal and metal products	14,460	17.2	-2.2
	26-28, 33 Machinery and equipment	18,410	21.9	-5.8
	29-30 Transport equipment	5,270	6.3	-16.6
18, 23, 31, 32 Other manufactured goods		4,059	4.8	-7.2
Other products		390	0.5	0.5

1) The data were summed from the PRODCOM classification to less detailed levels. Detailed commodity-specific data can be found in the StatFin statistical database.

The share of metal industry products of the total value of the sold output was 45 per cent, or EUR 38.1 billion, of which the sales of machinery and equipment covered nearly one half, EUR 18.4 billion. The share of chemical industry products of the total value of the sold output was 19 per cent, that of forest industry products 17 per cent and that of food products 11 per cent.

The value of sold output fell in nearly all product groups. The value of the sold output contracted most in chemical industry (-20%) and forest industry products (-15%). The decline in the value of the sold output of metal industry products was more moderate (-6%), where the value of the sold output of transport equipment dropped by 17 per cent, that of machinery and equipment by six per cent, and that of metals and metal products fell by two per cent. The value of the sold output of food remained on level with the previous year.

The value of sold output grew for both mining and quarrying (+4%) and textiles, clothing, leather and leather products (+7%). However, these product groups account for a small proportion of the total value of sold output, mining and quarrying products account for two per cent, and textiles, clothing, leather and leather products for less than one per cent of total sold output.

Commodities are broken down into more specific subcategories in Appendix table 1. More detailed level commodity-specific data on the value and volume of sold domestic output and data on the volume of total output are published in the StatFin statistical database .

The data in the statistics on industrial output for 2020 were updated in the StatFin statistical service on 1 July 2021. The database table of the statistics contains data on the value and volume of sold domestic output by commodity heading as well as data on the volume of total domestic output for 2013 to 2020. Annual data for earlier years can be found in the archives of the StatFin statistical service . The service has data available from 1998 onwards. The data have been collected annually from enterprises and establishments in the industries of mining and quarrying (industry B) and manufacturing (industry C).

Source: Industrial output 2020, Statistics Finland

Inquiries: Tiina Sevón 029 551 3711, hyodyke.tilastot@stat.fi

Head of Department in charge: Katri Kaaja

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Appendix tables

• Appendix table 1. Value of sold industrial output by commodity, 2018-2020 1) (1.7.2021)

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Updated 1.7.2021