Finland's wood imports from January-July totaled 3.07 million m3, down 60% year-over-year; of imported wood, half was pulpwood, one third chips, 2% logs, with 49% of wood imports originating from Russia, 22% from Estonia, 15% from Latvia: Luke

Sample article from our Forestry & Timberland

HELSINKI , October 17, 2022 (press release) –

The exports value of forest industries was EUR 1.31 billion in July (deflated using wholesale price index) and decreased in real terms by 5% compared to July previous year. In July wood imports totalled 0.36 million cubic meters and decreased by 66% compared to the same month previous year.

  • In January-July, wood imports totalled 3.07 million cubic meters and decreased by 60% from same period previous year. Of imported wood half was pulpwood, third chips and 2% logs. Compared to the same period previous year the imports of pulpwood decreased by 64%. The imports of chips decreased by 60% and logs 69%. 
  • Of imported wood in January-July 49% originated from Russia, 22% from Estonia and 15% from Latvia.
  • In January-July the exports value of forest industry products totalled in real terms EUR 8.57 billion and decreased from previous year by 7%
  • At the same time the exports value of wood-products industries was EUR 2.77 billion and increased by 9% in real terms compared to previous year. The exports value of sawn goods increased by 5% and volume decreased by 6%. For plywood the exports value increased by 4% and volume decreased by 5%.
  • The real exports value of pulp and paper industries was EUR 5.80 billion and decreased by 13% compared to previous year. At the same time the exports value of bleached sulphate pulp decreased by 15% and volume decreased by 19%. The exports value of magazine paper decreased by 22% and volume by 35%. For fine paper the exports value decreased by 48% and volume decreased 58%. The exports value of paperboard increased by 7% and volume 3%.

Figures corrected in table Imports and exports by month and country (January-June). The correction applies to the item "Other products" for those countries that do not have foreign trade in forest sector products with Finland.


To view the original, which includes an omitted graph, on Luke's website, click here.

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Dan Rivard
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