BOFIT Viikkokatsaus / BOFIT Weekly Review 2015/51
The weakness in services exports to Russia also appears to have persisted throughout the autumn. The number of Russian travellers staying in Finnish hotels and inns was down by nearly half from a year earlier in January-September and the number of crossings at Finland’s eastern border fell by 20 % in January-November.
The value of goods imported to Finland from Russia in the first nine months of this year declined by a third from a year earlier. The value of imports closely tracks trends in oil prices as the lion’s share of imports consists of crude oil and petroleum products. The volumes of crude oil and petroleum products have also contracted this year.
Finland’s goods trade with Russia
Source: National Board of Customs