“The real value of Finland’s exports of goods has decreased compared with the average value of the previous five years. At the same time, the proportion of forest industry products from all exports of goods has increased,” says researcher Eeva Vaahtera from the Natural Resources Institute Finland (Luke).
In 2016, the exports value of forest industry products totalled EUR 11.4 billion, covering 22 per cent of Finland’s exports of goods (EUR 51.9 billion). The most significant exported products were paper (EUR 4.2 billion), paperboard (EUR 2.4 billion) and pulp (EUR 1.8 billion). The exports value of timber was EUR 1.6 billion.
In total, the real exports value of forest industry products decreased by 0.4 per cent from the year before. The exports value of pulp and paper industry products decreased by 2.1 per cent from 2015. Exports of the wood-products industry increased by 5.5 per cent.
Europe remains the main area, while the significance of Asia is increasing
Of all forest industry products, 66 per cent of exports income was from Europe. The most important export countries were Germany and the UK. Pulp and paper industry products were exported to Germany at a value of EUR 1.62 billion and wood product industry products at a value of EUR 0.24 billion. Pulp and paper industry products were exported to the UK at a value of EUR 0.70 billion.
Exports of the wood products industry to the UK (EUR 0.26 billion) were slightly higher than exports to Germany. The third most important trading partner was China, to which forest industry products were exported at a value of EUR 0.84 billion.
The role of Europe in the exports of forest industry products has decreased, while that of Asia has increased over the past five years. In 2016, nearly one fifth of the total returns on forest industry products came from Asia.
The imports value of forest industry products was EUR 1.4 billion. Imported articles with the highest value were pulp (EUR 0.24 billion), paper and paperboard products (EUR 0.24 billion) and furniture (EUR 0.23 billion). The most important trading partners in the imports of forest industry products were Sweden, Estonia and Brazil.