In 2016, the exports value of Finnish forest industry products totalled EUR 11.4 billion, covering 22 per cent of Finland’s exports of goods.
“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).
Majority of wood imported from Russia
According to Luke’s statistics of foreign trade in roundwood and forest industry products, 9.8 million solid cubic metres of roundwood and wood residues were imported to Finland in 2016. The value of imports was EUR 343 million. Birch pulpwood (4.6 million m3), chips (2.5 million m3) and spruce pulpwood (0.6 million m3) had the highest import volumes. The most important import countries were Russia, Estonia and Latvia. The majority of imported wood came from Russia (roughly 85 per cent). Birch pulpwood and chips were mainly imported from Russia and Latvia. Chips and spruce pulpwood were imported from Estonia. Compared with the previous year, the volume of imported wood increased by two per cent. However, the volume of imported birch pulpwood decreased by 3.3 per cent, while the volumes of imported chips (0.9%) and spruce pulpwood (19.1%) increased.
The value of exported roundwood and wood residues totalled EUR 89 million in 2016. Softwood (0.9 million m3) and chips (0.2 million m3) had the highest export volumes. The most important export countries were Sweden (80% of the total export volume) and Egypt (6%).
Forest industry products accounted for 22 per cent of Finland’s total exports of goods
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.