The Central Chamber of Commerce reported that Finnish exports decreased by 30% in March compared to the same time last year. This decline was a result of four week-long political strikes that occurred in March, causing a collapse in Finnish exports. Despite the decline, exports in January and February showed growth compared to the previous year, with an increase of 1.5% in January and 10% in February.
The Chambers of Commerce issue certificates of origin to companies that export goods outside the EU and EEA countries. In March of last year, almost 4,800 certificates of origin were issued, while this year the number was just over 3,300. CEO Juho Romakkaniemi expressed disappointment at the impact of the strikes on Finnish exports, stating that it is clear from the figures for March that they had a negative effect on exports.
Without the strikes, Romakkaniemi mentioned that without them, the situation at the beginning of the year would have looked very positive considering Finland’s economic growth needs. The effects of the strikes are still being felt in ports and it is expected that it will take time for exports to reach full capacity again. However Romakkaniemi emphasized optimism for future Finnish exports once the fog created by strikes clears up.
It is important to note that despite this setback, Finland’s economy has shown resilience and adaptability in facing these challenges and we can expect further growth as long as stability is restored.
