Economy, Foreign Trade

The paper, pulp, newsprint, and wood industries account for nearly 40 percent of yearly Finnish exports. Imports include petroleum, chemicals, machinery and transport equipment, iron and steel products, food, and textiles. Considerable commerce is conducted with Germany, the United Kingdom, Sweden, and other countries of the European Union (formerly the European Community). Other leading trade partners are Japan, Norway, Russia, and the United States. In 2000 the country’s imports were $32.6 billion and exports $44.5 billion. Finland became an associate member of the European Free Trade Association in 1961, and a full member in 1986. In January 1995 Finland joined the European Union (EU).