HELSINKI: Finland’s foreign trade deficit increased in October from a year ago, as exports fell faster than imports, preliminary figures from Finland Customs Office showed Thursday. The trade deficit widened to EUR 190 million in October from EUR 54 million in the corresponding month last year. The value of exports declined 6.0 percent year-over-year in October and imports dropped by 3.0 percent.
Shipments to EU member states plunged 12.0 percent on year, while those to non-EU countries increased by 5.0 percent. During the first ten months of the year, total trade deficit of the country was EUR 2.1 billion versus a shortfall of EUR 111 million in the same period of 2015.
