September 9, 2023

According to preliminary data from Finnish Customs, the country’s trade deficit reduced in July as imports declined more quickly than exports.

From EUR 1.2 billion in the same month last year to EUR 605 million in July, the trade deficit significantly decreased.

In July, the value of imports fell by 24.6 percent while exports fell 11.1 percent year over year.

In July, exports to EU members fell 19.0 percent yearly, and imports to those countries fell 22.9 percent.

Data revealed that imports from non-EU nations fell noticeably by 26.6 percent, while exports to such nations fell by 22.6 percent.

Source: RTT NEWS
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