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Finland’s trade deficit narrowed to EUR 0.16 billion in January 2025 from EUR 0.27 billion in the same month of the previous year, according to preliminary estimates. Imports fell by 4.5% year-on-year to EUR 5.78 billion, driven by reduced purchases from both EU countries (-1.0%) and non-EU countries (-9.3%). The sharpest declines in imports were from Canada (-53.2%), the United States (-35.1%), Switzerland (-34.4%), and the United Kingdom (-33.2%). Meanwhile, exports declined by 2.7% to EUR 5.63 billion, mainly due to lower sales to non-EU countries (-6.7%), although it improved for EU countries (0.3%). Among key trading partners, exports dropped significantly to the United Kingdom (-30.0%), Canada (-26.2%), the United States (-22.8%), and Brazil (-22.2%).