Business

Trade grows between Finland and developing countries

Finland carried out more trade with developing countries last year compared to the year before. It amounted to some 15 percent of all foreign trade for both imports and exports.

China has become one of Finland’s most important trading partners among the developing countries, followed by Brazil, Turkey and India.

The value of exports to developing countries rose to about 8.7 billion euros, which is a quarter more than in 2009. Exports were boosted by paper industry products and earthmoving machinery.

Exports to developing countries made up over 16 percent of Finland’s total exports.

For its part, imports from developing countries amounted to 7.9 billion euros—one fifth more than in 2009 and just over 15 percent of Finland’s total imports. Ore concentrates, metals, textiles and clothes made a particular contribution to import trade.

These figures are based on OECD’s classification of developing countries by their gross national income.

Anthony-Claret Onwutalobi
Anthony-Claret Onwutalobi
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC and CEO of Portia Web Solutions. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
https://www.codewit.com

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