Finland’s export of Aluminium structures during 2018-20 reflects steady growth

The economy of Finland is highly industrialized, largely free-market economy with per capita GDP almost as high as that of Austria and the Netherlands, while marginally above that of Germany and Belgium. Trade is important, with exports accounting for over one-third of GDP in recent years. However, according to a forecast, Finland's total output is expected to shrink by 4.5% in 2020. The Finnish economy was already in weak mode towards the end of 2019, and the economic crisis caused by the COVID-19 pandemic is expected to result in a sharp fall of the GDP in 2020.

The Northern European nation’s export of aluminium structures in 2018-19 has been accounted for 14,131 tonnes and the revenue earnings for the export stood at $67.23 million. The export for 2020 would be standing at 8746 tonnes and the earnings to remain at $42.14 million. When the export volume and earnings for 2020 gets assorted with the existing two years, it reflects 22,877 tonnes and $109.37 million respectively.

Finland’s export of aluminium structures in 2018 stood at 6089 tonnes and the earnings remained at 28.81 million, whereas in 2019, the export reflected growth by 32.07%, as the export volume grew to 8042 tonnes and the earnings shot up to $38.42 million.

The export for 2020 also been marked with growth by 8.71%, as the export volume to stand at 8746 tonnes and earning to climb at $42.14 million.

The major trading destinations of Finland for the export of aluminium structures are Austria, Bahamas, Brazil, Bulgaria, Czech Rep., Canada, China, Denmark, Estonia, France, Germany, Iceland, Italy, Japan, Norway, Philippines, etc.