US trade with Finland in the 1st quarter of 2017

Published or Updated: Jul 27, 2017

The report on US foreign trade in goods with Finland in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Finland

In the 1st quarter of 2017, US trade with Finland totaled $1,471.2 million, up 2.58% ($37.0 million) from the 1st quarter of 2016.

US exports to Finland in the 1st quarter of 2017 totaled $384.6 million, up 3.35% ($12.5 million) from the 1st quarter of 2016.

US imports from Finland in the 1st quarter of 2017 totaled $1,086.6 million, up 2.31% ($24.5 million) from the 1st quarter of 2016.

US trade deficit with Finland in the 1st quarter of 2017 was $702.0 million, a 1.74% increase ($12.0 million) over the 1st quarter of 2016.

Finland was the US 57th largest trading partner in the 1st quarter of 2017 (down from 54th in the 1st quarter of 2016), accounting for 0.1568% of US total trade (down from 0.1639% in the 1st quarter of 2016).

Finland was the US 67th largest export market in the 1st quarter of 2017 (down from 64th in the 1st quarter of 2016), accounting for 0.1033% of US total exports (down from 0.1071% in the 1st quarter of 2016).

Finland was the US 51st largest supplier in the 1st quarter of 2017 (down from 47th in the 1st quarter of 2016), accounting for 0.1921% of US total imports (down from 0.2014% in the 1st quarter of 2016).

US Exports to Finland

The major share of US exports to Finland in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 55.46% of US total exports to Finland (53.68% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 12.28% of US total exports to Finland (15.67% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 11.41% of US total exports to Finland (10.21% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.76% of US total exports to Finland (5.30% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.29% of US total exports to Finland (2.26% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 1.03% of US total exports to Finland (1.30% in the 1st quarter of 2016).

The largest gains in US exports to Finland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $12.9 million;
  • Ores, slag and ash (HS code 26) - an increase of $12.8 million;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $6.3 million;
  • Pharmaceutical products (HS code 30) - an increase of $4.5 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $3.7 million;
  • Plastics and articles thereof (HS code 39) - an increase of $3.0 million;
  • Organic chemicals (HS code 29) - an increase of $2.6 million.

The largest declines in US exports to Finland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $21.6 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $4.3 million;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $3.8 million;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - a decrease of $2.2 million;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - a decrease of $1.2 million.
US exports to Finland in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 9.8 0.00 83.3-88.24
03 Fish and crustaceans, molluscs and other aquatic invertebrates 94.3 0.02 180.9-47.83
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 5.0 0.00 0.0
05 Products of animal origin, not elsewhere specified or included 115.7 0.03 27.8317.02
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 9.2 0.00 5.857.84
07 Edible vegetables and certain roots and tubers 521.8 0.14 77.6572.86
08 Edible fruit and nuts; peel of citrus fruit or melons 1,559.3 0.41 1,563.9-0.29
09 Coffee, tea, maté and spices 138.1 0.04 0.0
10 Cereals 85.9 0.02 155.9-44.94
11 Products of the milling industry; malt; starches; inulin; wheat gluten 12.2 0.00 0.0
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 407.6 0.11 787.1-48.21
13 Lac; gums, resins and other vegetable saps and extracts 292.4 0.08 145.2101.38
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 17,852.8 4.64 11,531.854.81
17 Sugars and sugar confectionery 203.5 0.05 116.175.23
18 Cocoa and cocoa preparations 14.8 0.00 5.1192.30
19 Preparations of cereals, flour, starch or milk; bakers’ wares 5.3 0.00 13.6-61.17
20 Preparations of vegetables, fruit, nuts or other parts of plants 285.7 0.07 60.9369.35
21 Miscellaneous edible preparations 914.6 0.24 1,187.9-23.01
22 Beverages, spirits and vinegar 2,439.9 0.63 2,924.7-16.58
23 Residues and waste from the food industries; prepared animal feed 847.1 0.22 647.630.80
24 Tobacco and manufactured tobacco substitutes 182.6 0.05 196.0-6.83
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 7,139.2 1.86 9,372.8-23.83
26 Ores, slag and ash 13,111.9 3.41 338.83,769.90
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 26,965.4 7.01 48,613.2-44.53
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,327.5 0.35 1,040.827.55
29 Organic chemicals 3,985.6 1.04 1,342.0196.98
30 Pharmaceutical products 9,144.4 2.38 4,670.395.80
31 Fertilizers 62.8 0.02 275.3-77.20
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 375.3 0.10 279.034.52
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2,692.0 0.70 3,475.1-22.54
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 2,672.3 0.69 2,936.0-8.98
35 Albuminoidal substances; modified starches; glues; enzymes 287.9 0.07 334.6-13.95
37 Photographic or cinematographic goods 40.2 0.01 100.7-60.06
38 Miscellaneous chemical products 7,460.9 1.94 11,801.5-36.78
39 Plastics and articles thereof 13,817.3 3.59 10,825.827.63
40 Rubber and articles thereof 2,003.7 0.52 909.0120.42
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 5.0-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 364.0 0.09 696.9-47.77
43 Furskins and artificial fur; manufactures thereof 5,134.9 1.34 5,236.3-1.94
44 Wood and articles of wood; wood charcoal 984.5 0.26 1,334.4-26.22
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 1,044.5 0.27 659.158.47
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,368.6 0.36 1,904.6-28.14
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 555.0 0.14 924.1-39.94
50 Silk 3.8 0.00 4.1-6.38
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 2.6 0.00 9.2-71.72
52 Cotton 3.0 0.00 30.0-90.09
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 2.5 0.00 3.6-29.77
54 Man-made filaments 603.3 0.16 358.168.46
55 Man-made staple fibers 110.6 0.03 32.9236.19
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 906.8 0.24 629.344.09
57 Carpets and other textile floor coverings 37.5 0.01 36.91.63
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 5.0 0.00 3.928.90
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 250.2 0.07 306.7-18.44
60 Knitted or crocheted fabrics 11.2 0.00 110.3-89.84
61 Articles of apparel and clothing accessories, knitted or crocheted 146.4 0.04 428.4-65.82
62 Articles of apparel and clothing accessories, not knitted or crocheted 336.0 0.09 181.285.38
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 191.2 0.05 170.212.32
64 Footwear, gaiters and the like; parts of such articles 136.2 0.04 57.2138.10
65 Headgear and parts thereof 92.4 0.02 61.550.29
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 96.9 0.03 67.843.01
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 522.3 0.14 552.7-5.50
69 Ceramic products 305.5 0.08 301.41.36
70 Glass and glassware 512.4 0.13 1,509.4-66.05
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 210.6 0.05 1,063.1-80.19
72 Iron and steel 273.1 0.07 769.1-64.49
73 Articles of iron or steel 1,833.5 0.48 2,151.8-14.79
74 Copper and articles thereof 102.3 0.03 169.9-39.79
75 Nickel and articles thereof 99.0 0.03 333.6-70.32
76 Aluminum and articles thereof 348.9 0.09 189.284.39
79 Zinc and articles thereof 5.5 0.00 0.0
80 Tin and articles thereof 0.0 0.00 7.7-100.00
81 Other base metals; cermets; articles thereof 3,502.6 0.91 2,457.242.55
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 1,632.3 0.42 1,947.2-16.17
83 Miscellaneous articles of base metal 1,011.1 0.26 401.1152.12
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 90,331.2 23.49 77,480.316.59
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 54,384.8 14.14 54,198.10.34
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 74.9 0.02 286.9-73.89
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 10,676.3 2.78 10,588.90.82
88 Aircraft, spacecraft, and parts thereof 17,465.8 4.54 21,283.0-17.94
89 Ships, boats and floating structures 2,235.7 0.58 1,519.147.17
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 38,119.4 9.91 34,423.410.74
91 Clocks and watches and parts thereof 9.3 0.00 30.8-69.90
92 Musical instruments; parts and accessories of such articles 465.0 0.12 546.9-14.96
93 Arms and ammunition; parts and accessories thereof 1,228.9 0.32 1,545.6-20.50
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 1,905.8 0.50 1,169.263.00
95 Toys, games and sports requisites; parts and accessories thereof 4,184.7 1.09 5,431.2-22.95
96 Miscellaneous manufactured articles 1,108.5 0.29 745.048.79
97 Works of art, collectors’ pieces and antiques 830.2 0.22 1,393.7-40.43

US Imports from Finland

The major share of US imports from Finland in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 30.83% of US total imports from Finland (34.62% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 30.13% of US total imports from Finland (24.09% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 19.31% of US total imports from Finland (22.49% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 11.27% of US total imports from Finland (7.93% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 1.71% of US total imports from Finland (1.48% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.39% of US total imports from Finland (4.38% in the 1st quarter of 2016).

The largest gains in US imports from Finland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Pharmaceutical products (HS code 30) - an increase of $39.9 million;
  • Iron and steel (HS code 72) - an increase of $19.1 million;
  • Organic chemicals (HS code 29) - an increase of $14.4 million;
  • Nickel and articles thereof (HS code 75) - an increase of $10.1 million;
  • Miscellaneous chemical products (HS code 38) - an increase of $9.2 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $5.9 million;
  • Plastics and articles thereof (HS code 39) - an increase of $4.4 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $4.2 million;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - an increase of $3.7 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $3.4 million.

The largest declines in US imports from Finland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $30.9 million;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $29.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $25.1 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $15.6 million.
US imports from Finland in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 0.0 0.00 46.8-100.00
02 Meat and edible meat offal 553.3 0.05 859.6-35.63
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 4,389.1 0.40 3,431.027.93
05 Products of animal origin, not elsewhere specified or included 2.7 0.00 16.4-83.58
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0.0 0.00 23.7-100.00
07 Edible vegetables and certain roots and tubers 4.7 0.00 0.0
09 Coffee, tea, maté and spices 894.7 0.08 1,308.8-31.64
10 Cereals 2,441.3 0.22 2,190.211.47
11 Products of the milling industry; malt; starches; inulin; wheat gluten 520.4 0.05 827.9-37.14
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0.0 0.00 301.0-100.00
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 41.5 0.00 0.0
17 Sugars and sugar confectionery 848.0 0.08 656.529.16
18 Cocoa and cocoa preparations 27.2 0.00 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 293.6 0.03 849.7-65.44
21 Miscellaneous edible preparations 111.5 0.01 80.039.39
22 Beverages, spirits and vinegar 4,160.2 0.38 5,112.0-18.62
23 Residues and waste from the food industries; prepared animal feed 4,244.1 0.39 0.0
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 248.1 0.02 811.4-69.42
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 14,849.2 1.37 45,762.2-67.55
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 14,925.7 1.37 12,737.817.18
29 Organic chemicals 37,299.8 3.43 22,945.162.56
30 Pharmaceutical products 203,839.4 18.76 163,935.624.34
31 Fertilizers 0.0 0.00 1,470.1-100.00
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 4,552.6 0.42 4,533.10.43
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 684.7 0.06 274.0149.93
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 215.8 0.02 209.23.12
35 Albuminoidal substances; modified starches; glues; enzymes 14,393.9 1.32 11,359.326.71
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 459.1 0.04 350.630.95
37 Photographic or cinematographic goods 217.9 0.02 310.1-29.74
38 Miscellaneous chemical products 30,810.5 2.84 21,647.742.33
39 Plastics and articles thereof 14,842.2 1.37 10,422.842.40
40 Rubber and articles thereof 5,202.6 0.48 5,695.5-8.65
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 72.2-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 60.5 0.01 64.2-5.75
43 Furskins and artificial fur; manufactures thereof 1,349.2 0.12 1,224.510.18
44 Wood and articles of wood; wood charcoal 6,025.1 0.55 6,310.8-4.53
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 402.7 0.04 207.194.49
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 202,956.5 18.68 232,164.8-12.58
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 491.3 0.05 186.5163.37
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 0.3 0.00 2.1-84.27
52 Cotton 39.4 0.00 49.3-20.14
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 2.2 0.00 2.8-22.72
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 1,337.8 0.12 896.949.16
57 Carpets and other textile floor coverings 38.8 0.00 38.8-0.17
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 6.4 0.00 0.0
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 4,577.4 0.42 4,558.80.41
60 Knitted or crocheted fabrics 32.5 0.00 57.4-43.34
61 Articles of apparel and clothing accessories, knitted or crocheted 49.5 0.00 37.830.86
62 Articles of apparel and clothing accessories, not knitted or crocheted 67.9 0.01 49.736.56
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 291.0 0.03 340.0-14.41
64 Footwear, gaiters and the like; parts of such articles 29.8 0.00 32.5-8.21
65 Headgear and parts thereof 4.8 0.00 14.1-65.86
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 5,584.5 0.51 5,928.2-5.80
69 Ceramic products 118.5 0.01 52.1127.59
70 Glass and glassware 3,746.0 0.34 2,931.227.80
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 101.2 0.01 78.828.41
72 Iron and steel 49,477.5 4.55 30,334.563.11
73 Articles of iron or steel 12,588.1 1.16 9,657.030.35
74 Copper and articles thereof 15,672.4 1.44 13,346.917.42
75 Nickel and articles thereof 30,768.2 2.83 20,676.748.81
76 Aluminum and articles thereof 358.9 0.03 601.4-40.32
78 Lead and articles thereof 4.4 0.00 0.0
79 Zinc and articles thereof 2,363.2 0.22 1,007.8134.49
81 Other base metals; cermets; articles thereof 5,468.1 0.50 3,689.448.21
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 2,867.2 0.26 2,470.716.05
83 Miscellaneous articles of base metal 2,844.1 0.26 2,480.114.68
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 184,105.9 16.94 209,241.0-12.01
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 63,939.1 5.88 58,077.310.09
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 147.1 0.01 31.0373.81
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 13,366.8 1.23 9,981.133.92
88 Aircraft, spacecraft, and parts thereof 35.7 0.00 1,592.1-97.76
89 Ships, boats and floating structures 2,638.3 0.24 2,317.913.82
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 70,827.0 6.52 86,427.0-18.05
91 Clocks and watches and parts thereof 3.9 0.00 46.9-91.72
92 Musical instruments; parts and accessories of such articles 88.3 0.01 62.341.72
93 Arms and ammunition; parts and accessories thereof 5,847.6 0.54 7,844.5-25.46
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 6,818.3 0.63 3,106.5119.48
95 Toys, games and sports requisites; parts and accessories thereof 621.0 0.06 763.5-18.66
96 Miscellaneous manufactured articles 111.0 0.01 167.8-33.84
97 Works of art, collectors’ pieces and antiques 580.6 0.05 345.368.13
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce