Finland: Current account deficit continues shrinking in June
The current account posted a EUR 0.1 billion deficit in June, improving from the EUR 1.9 billion deficit posted in May (June 2021: EUR 0.6 billion surplus). Meanwhile, the 12-month trailing current account deficit increased, coming in at EUR 4.6 billion in June (May: EUR 3.9 billion deficit).
The merchandise trade balance improved from the previous month, recording a EUR 0.1 billion surplus in June (May 2022: EUR 0.3 billion deficit). Merchandise exports shot up 34.1% in annual terms in June, following May’s 33.2% upturn. June’s figure marked the largest expansion since January 2022. Meanwhile, merchandise imports climbed 37.0% over the same month last year in June (May: +50.4% yoy).
Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a EUR 0.2 billion surplus in June, compared to the EUR 0.3 surplus in May.