Finland’s purchases of Portuguese goods and services rose by a quarter in the first nine months of 2026. Statistics Finland, which published its third-quarter international trade figures on the morning of 12 November 2026, records €455 million of imports from Portugal in January–September, up 25% from €364 million a year earlier. Finland’s imports from all countries grew 13.8% over the same period.
The third quarter alone came to €164 million, up 24% from €132 million in Q3 2025. That is the third-highest quarterly figure in the series, which starts in 2013, behind only Q2 2024 (€198 million) and Q3 2024 (€170 million).
Goods drove the gain
| Finnish imports from Portugal (€ million) | Jan–Sep 2025 | Jan–Sep 2026 | Change |
|---|---|---|---|
| Goods | 127 | 180 | +42% |
| Services | 237 | 274 | +16% |
| Goods and services | 364 | 455 | +25% |
| Q3 only: goods | 35 | 55 | +57% |
| Q3 only: services | 97 | 109 | +12% |
Goods imports rose 42%, matching what Portugal’s own statistics office reported from the other side: INE recorded €330.2 million of exports to Finland in January–September, up 42.1%, with metal ores a large part of the increase. The levels differ because Statistics Finland counts goods on a balance-of-payments basis, by change of ownership, while INE counts customs shipments.
The nine-month total is still below 2024, when Finland imported €529 million from Portugal in January–September, including €293 million of goods. 2026 is a recovery from a weak 2025 rather than a new peak.
Services: travel and business services
Statistics Finland does not publish the quarterly services breakdown by country, but its annual table shows what the Portuguese services line is made of. In 2025 Finland imported €341 million of services from Portugal: €133 million of other business services, €98 million of travel (Finnish visitors’ spending in Portugal), €29 million of telecommunications, computer and information services and €24 million of transport. The computer-services line has almost doubled from €15 million in 2024, a sign of Portuguese IT and nearshore delivery reaching Finnish clients.
How Portugal compares
Portugal’s 25% rise outpaced Finland’s nearer partners. Over the same nine months, Finnish imports of goods and services from Sweden rose 3.3% to €11.4 billion, from Norway 5.4% to €5.0 billion and from Spain 6.1% to €2.0 billion, while imports from Denmark fell 1.7%. Portugal still accounts for less than half of one percent of Finland’s imports.
The other direction
Finland’s exports to Portugal grew even faster in percentage terms: €410 million in January–September, up 32%. Goods were nearly flat at €220 million (+2%), while services doubled to €189 million, mostly because of a €109 million second quarter. Finland ran a deficit of about €45 million with Portugal over the nine months, against €53 million a year earlier. In 2025 the largest Finnish services export to Portugal was telecommunications, computer and information services, at €58 million.
What it means for the corridor
Finland is the smallest of the three large Nordic markets for Portuguese exporters, but it is the one moving fastest this year on both national statistics. The goods gain rests partly on ore shipments and may not repeat, as INE’s September figures already showed. The steadier signal is in services, where Portuguese business and computer services have grown as a share of what Finland buys. Statistics Finland will publish revised Q3 data in December.
Sources: Statistics Finland, international trade in goods and services by country, tables 12gq (quarterly, updated 12 November 2026) and 12gr (annual services by item, 2023–2025), accessed via the StatFin PxWeb API. Nine-month figures are sums of the published quarterly values, which are rounded to the nearest million euros. INE comparison from NorthSouth HQ’s 10 November 2026 report.