The value of Finland's exports declined by 10.6 percent in January compared to the same month a year earlier, according to preliminary figures from Finnish Customs published on Wednesday.
Meanwhile, the value of goods imported to Finland decreased by 9.9 percent year-on-year in January.
The value of Finnish exports was 4.4 billion euros, while imports were at 4.7 billion euros in January. The trade balance had a deficit of 300 million euros in January 2021, and during the same month the previous year Finland's trade balance had a deficit of 295 million euros.
According to preliminary data from the Customs Board, exports of petroleum products saw a decline of seven percent in January, year-on-year, while paper and board exports fell by 23 percent during the same period. Meanwhile exports of industrial machinery and equipment as well as electrotechnical gear dropped by 17 percent during the period.
However, the value of timber exports saw an eight percent year-on-year increase in January. The agency noted there was growth in nickel and ore exports, as well.
Finland's exports to EU countries fell by 10 percent in January and non-EU exports saw an 11 percent decline.
Exports to Sweden and Germany fell by nearly 10 and 12 percent, respectively, while exports to China dropped by almost 23 percent.
At the same time, exports to Russia only declined by 0.4 percent in January compared to the same period last year, according to Customs.