According to a food sector report published today, exports in the food and beverage sector have shown promising growth this year. The export forecast for 2019 is EUR 1.75 billion, which, if achieved, would represent a record high.
Entry into new markets, along with an increase in export volumes and prices, have contributed to an increase in the value of exports. Awareness of the growth potential available through exports has grown in the food and beverage sector. New export companies have participated in the Food from Finland programme created by Business Finland and funded by the Ministry of Agriculture and Forestry and the Ministry of Economic Affairs and Employment. The food authorities and other promoter organisations have also significantly contributed towards the export growth.
Products in particularly strong demand this year have included dairy products, oats, other foodstuffs and alcohol products. Countries where export growth has been visible include China, where there has been a particular demand for pork and powdered milk.
The value of food imports to Finland was triple the value of our exports at EUR 4.6 billion in 2018. Many of the products being imported are not produced or manufactured in Finland. In order to reduce the trade deficit, it would be important to increase the added value of exports.