Topics
National economy

Brisk growth in exports and imports of services in the first quarter of 2022

Statistics:
Reference period:
2022, 1st quarter
Published:
Next release:
Publication type:
release

Revision release

There was an exceptional revision in the data of international trade in services for the statistical reference years 2020 and 2021 in the release of 20 June 2022, because of the deficiency of the sampling frame of the inquiry on international trade in services and international flows of goods. Read more about the revision and its impact in our release.

Service exports grew by 15 per cent in the first quarter of 2022 when compared with the corresponding quarter one year previously. Service imports grew by 24 per cent over the same period. In the first quarter of 2022, the value of service exports was EUR 6.8 billion and that of service imports EUR 8.3 billion. The data appear from Statistics Finland's statistics on international trade in goods and services, which are part of balance of payments.


The figure describes fluctuations in the level of exports and imports of services between 2013Q1 and 2022Q1 as a line chart. In the first quarter of 2022, the value of service exports was EUR 6.8 billion and that of service imports EUR 8.3 billion. In the first quarter of 2022, the value of international trade in services decreased compared with the last quarter of the previous year. On the other hand, both service exports and service imports were higher than one year ago in the corresponding quarter. The level of international trade in services is still lower than prior to the corona pandemic.

Key points

  • Exports grew by 24 per cent from the previous year's first quarter.
  • Imports increased by 33 per cent from the first quarter of the previous year.
  • Exports of services grew by EUR 0.9 billion or by 15 per cent.
  • Imports of services went up by EUR 1.6 billion or by 24 per cent.
  • The recovery of tourism and transportation from the corona pandemic explains most of the growth in service exports and imports. 

Tables

See key statistical data in the tables.
20.06.2022

International trade in goods and services by region 2021Q1-2022Q1

20.06.2022

International trade in goods and services by service item 2021Q1-2022Q1

Figures

See key statistical data in the figures.
20.06.2022

International trade in goods and services by service item 2021Q1-2022Q1

20.06.2022

International trade in goods and services by region 2021Q1-2022Q1

Database tables

Database tables related to this release

Background information

Documentation
Referencing instructions

Statistical experts

Inquiries primarily
Joonas Pohja
Senior Statistician
029 551 3898
Other experts
Head of Department in charge