MuniFin Green Finance and Liquidity Portfolio Evaluation
MuniFin
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9
Resilient external sector
Exports by region 2020
• Finland, as a small open economy, has a diversified
export sector. Finnish Exports are largely made up of
investment goods and intermediate products
•
•
Bridge between the East and the West: Over 40 % of
exports outside the EU, largest trade counterparties
being Germany, Sweden, USA, Netherlands, Russia and
China
Foreign trade faced a sharp but temporary slump as a
result of the Covid-19 pandemic. In 2020, Finnish
exports and imports are forecast to have contracted by
10.4 % and 7.5 %, respectively
North America
8%
Asia
14%
Rest of Europe
16%
Other
countries
6%
Other EU
countries
17%
Euro zone
countries
39%
Exports by sector 2020
Other
13%
Electric and
electronics
industry
12%
Metals and
machinery
38%
•
Finnish exports are expected to grow by 5.0 % this year
in 2021, as world trade gradually recovers
Sources: Economic Survey, Winter 2020, Ministry of Finance & Finnish Customs Preliminary Data for 2020,
Statistics Finland
Forest, pulp and
paper
18%
Chemicals and related
19%View entire presentation