Home > Statistics > Balance of payments and international investment position > 2017 > May > Current account in surplus in May, the value of goods exports grew

Published: 14 July 2017

Current account in surplus in May, the value of goods exports grew

The current account showed a surplus of EUR 1.0 billion in May 2016. The value of exports of goods in balance of payments terms increased by 24 per cent and the value of imports by 16 per cent year-on-year. There was net capital inflow to Finland. The data appear from Statistics Finland's statistics on balance of payments and international investment position.

Current account and trade account

Current account

In May, the current account was EUR 1.0 billion in surplus. The surplus was particularly generated by the primary income account. The 12-month moving total of the current account was EUR 1.4 billion in surplus.

Of the sub-items of the current account, the trade account in balance of payments terms was EUR 0.5 billion in surplus. The value of exports of goods in balance of payments terms rose by 24 per cent year-on-year and totalled EUR 5.5 billion. The value of imports of goods in balance of payments terms increased by 16 per cent from twelve months back. The service account showed a deficit of EUR 0.1 billion.

The primary income account was EUR 0.8 billion in surplus which is mainly explained by the surplus of investment income. The primary income account includes investment income like interests and dividends. The secondary income account was EUR 0.2 billion in deficit.

Current account and trade account, 12 –month moving total

Financial account

In May, net capital inflow to Finland amounted to EUR 0.6 billion. Of the sub-items of the financial account, net capital inflow was mostly in the form of other investments, EUR 4.0 billion. Of the sub-items of the financial account, net capital outflow from Finland was mostly in the form of portfolio investments, EUR 4.7 billion.

Source: Balance of payments and international investment position, Statistics Finland

Inquiries: Saana Ranta-Ruona 029 551 3375, Anssi Heinonen 029 551 3373, balanceofpayments@stat.fi.

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Balance of payments, monthly, EUR million (14.7.2017)
• Appendix table 2. Current account, monthly, EUR million (14.7.2017)
• Appendix table 3. External assets and liabilities, by investment type, monthly, EUR million (14.7.2017)
• Appendix table 4. Balance of payments, EUR million (14.7.2017)

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Updated 14.7.2017