Foreign trade in roundwood and forest industry products by country 2024 (provisional)

In 2024, the value of exported forest industry products totalled EUR 12.0 billion, covering 17% of Finland’s exports of goods. The value of imported forest industry products was EUR 1.5 billion, comprising 2% of total exports of goods. The most important trading partners were Germany and China in exports, and Estonia and Sweden in imports.

Forest Industry Exports

Exports of forest industry products totalled EUR 12.0 billion, up by almost 1% from the previous year in real terms (deflated using the wholesale price index, 1949=100). The share of the forest industry of the total value of Finland’s goods exports increased to 17%.
Of the forest industry’s export revenue, 60% came from Europe and 21% from Asia. The most significant export countries remained unchanged: Germany accounted for 11%, China for 10% and the USA for 9%.
The wood products industry’s export revenue exceeded EUR 3.0 billion, being 2% more than in the previous year in real terms. Exports of sawn goods totalled 8.2 million cubic metres, with Europe accounting for 48% as in the previous year. The value of sawn goods increased by 7% to almost EUR 2 billion.
The pulp and paper industry’s export earnings remained nearly unchanged from 2023. Pulp exports totalled 4.1 million tonnes, down by 9% from the year before. The value of pulp exports decreased to EUR 2.6 billion (-5%). While paper exports totalled 2.7 million tonnes (+4%), the value of paper exports decreased slightly (-1%).
Paperboard was again the product group with the highest export value at almost EUR 3.3 billion (+5%). Paperboard exports totalled 3.6 million tonnes (+9%).

Forest industry export values and foreign trade flows to different continents in 2024.

Imports of forest industry products and wood

Finland’s wood imports were 5.6 million cubic metres (+11%). Of all imported wood, pulpwood accounted for 57%, wood chips for 31% and logs for 2%. The remaining 10% consisted of fuelwood and by-products. The value of wood imports was EUR 0.4 billion (+9%).
Most roundwood was imported from Latvia, 2.2 million cubic metres, up by 43% from the previous year. It was followed by Estonia at 1.7 million cubic metres.
The import volume of sawn goods increased by 11%, while the import value decreased slightly to EUR 37 million (-1%). The import volume of sawn goods of 52,000 cubic metres still covers only a tenth of the volume previously imported from Russia.
Sweden was the most significant import country for forest industry products (EUR 0.28 billion). It was followed by Estonia (EUR 0.23 billion). Imports from Estonia decreased by almost 18%.