The Treasurer’s Guide to Trade Finance

Finland

Principal exports

Electrical and optical equipment, machinery,

transport equipment, paper and pulp, chemicals,

basic metals, and timber.

Import/Export documentation

Within the EU no documentation

requirements, but a commercial invoice is

typically included.

Outside the EU: commercial invoice, customs

declaration, bill of lading, packing list and,

sometimes, a certificate of origin.

Licences

Imports

ƒ Most iron and steel imports from outside the

EU and agricultural goods.

ƒ Import licences with quotas: all agricultural

goods; certain iron and steel imports from

Kazakhstan, Russia and Ukraine; and

textiles products and various Chinese

industrial products.

Exports

ƒ Goods/items that are subject to international

controls.

Tariffs/Taxes

Imports

ƒ Tariffs on imports from outside the EU are

set according to the EU’s common customs

code, with higher rates for agricultural

imports.

Exports

ƒ None.

Financing requirements for imports/

exports

ƒ None.

Prohibited items

ƒ Imports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions, such as items deemed a threat

to fauna and flora and national security.

ƒ Exports that are prohibited in accordance

with EU regulations and UN Security Council

resolutions.

Finland imports exports

Trade information

Key trading partners

Imports by origin

EU 60.9%

Russian

Federation 18.2%

China 3.6%

Norway 2.9%

USA 2.3%

Other 12.1%

Source: WTO, September 2012

Exports by destination

EU 53.6%

Russian

Federation 9.3%

USA 4.8%

China 4.6%

Norway 2.8%

Other 24.9%