Nickel becomes a driver of imports from Russia to Finland – customs

Imports of goods from Russia to Finland in January-February decreased by 3% compared to the same period last year and amounted to 1.305 billion euros, the main growth is accounted for by nickel, according to the Finnish customs.
“The cost of nickel imports continued to rise in February along with the rise in prices. In January-February, imports of nickel increased by 76.7% to 228.8 million euros. Most recently, nickel was often mentioned as part of the project to build a battery plant in Vaasa – nickel for the needs of battery production will be both produced at the Nornickel Harjavalta plant and imported from Russia, ”the statement says.
In January-February, the value of crude oil imports fell 27.8% to € 512.9 million.
Exports of goods from Finland to Russia increased in the first two months of the year by 7.8% compared to the same period last year and amounted to 485.3 million euros.
From the commodity groups, the traditionally strong export of machinery, equipment and vehicles developed well. In January-February, the export of this commodity group of goods increased by 11.8% compared to the same period last year and amounted to 173.2 million euros.
At the same time, paper exports in January-February fell by 14.7% compared to the same period last year and amounted to 54.6 million euros. Exports of chemicals increased by 2.3% to 74.6 million euros, according to customs.