Cruise ship skews data as Finland’s US exports appear to fall 18%

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				Cruise ship skews data as Finland’s US exports appear to fall 18%

Mussalo Port in Kotka. LEHTIKUVA

Finnish exports to the United States fell by 18% in 2024 compared to the previous year, according to figures released by Finnish Customs on Wednesday. The decline, however, was driven by the absence of a single major transaction: a €1.9 billion cruise ship delivered in 2023.

Without the cruise ship, exports to the US would have shown year-on-year growth of 5.5%.

The total value of goods exported from Finland to the US last year was approximately €7 billion, compared to €8.5 billion in 2023. Despite the headline drop, Finnish Customs said underlying trade flows between the two countries remained stable or increased.

Imports from the US to Finland declined by 10.2% during the same period, totalling €3.7 billion. The US remained Finland’s third-largest export destination and sixth-largest

Source: www.helsinkitimes.fi

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