Economy and international trade

A significant export sector with an extensive domestic value chain
‍Exports are essential for Finland. The forest industry accounts for approximately one sixth of the value of Finland’s export of goods. In the midst of intense international competition, favorable operating environment for companies and Finland's competitiveness must be ensured.

Statistic

Forest industry export volumes since 1960

Volume of forest industry exports by product type 1960-2023.

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Statistic

Distribution of export market on the map

Distribution of export market for Finnish forest industry products in 2023.

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Great economic importance

Forest industry is economically important for Finland due to the industry's extensive domestic value chain.In 2021, the forest sector’s turnover totalled approximately EUR 46 billion and the sector generated EUR 11 billion of value added.

The extensive domestic value chain is also reflected in tax revenues for society. The forest sector’s total tax revenue is approximately EUR 3.1 billion annually, close to half of which consists of taxes and social security costs paid by employees, and social security costs paid by employers.

In 2021, the forest industry employed about 38400 people directly. The entire value chain of the forest industry provided employment for almost 100 000 people in Finland in 2021.