Finnish high tech exports fall 45 pct in 2009: customs

Mar 22, 2010
An exhibitor presents an AIPTEK T30 pico projector for iPod and iPhone on March 3 in Germany. Finnish high technology exports shrunk 45 percent last year to levels last seen in 1997 as mobile phone sales plummeted, official statistics showed Monday.

Finnish high technology exports shrunk 45 percent last year to levels last seen in 1997 as mobile phone sales plummeted, official statistics showed Monday.

"A total of 15 million mobile phones were exported from Finland last year, while a year earlier more than 32 million of them were exported," the Finnish Customs Board said in a statement.

The value of all high technology products exported in 2009 was 6.3 billion euros (8.5 billion dollars), accounting for 14 percent of total exports.

The figure compares with 11.4 billion euros of high tech exports in 2008, and 11.5 billion euros at the height of the IT boom in 2000, when high technology products accounted for 23.3 percent of Finland's exports.

, and Britain were the most important export markets for Finnish high technology products, according to customs, while was the key source of high tech imports to Finland.

Explore further: Why let your sales force influence product prices?

add to favorites email to friend print save as pdf

Related Stories

Strong sales not leading to mobile profits

Jan 26, 2006

Mobile-phone manufacturers are finding that global demand for handsets is almost insatiable, as consumers in wealthy countries flock to update their phones with the latest multi-functioning products, while those in poorer ...

China tries to calm unease over rare earths curbs

Sep 03, 2009

(AP) -- A Chinese official tried to calm unease about curbs on exports of rare earths used in clean energy products and superconductors, saying Thursday that sales will continue but must be limited to reduce damage to China's ...

Israeli companies out in force at 3GSM

Feb 20, 2006

Forty-four Israeli firms participated in last week's 3GSM World Congress in Barcelona, the Ministry of Industry, Trade and Labor reported.

German high-tech sector holds up: trade group

Mar 02, 2009

Germany's high-tech industry expects to buck the economic crisis this year with sales stagnating but not sinking, its chief lobby group said on Monday on the eve of the giant CeBIT trade fair.

Recommended for you

Why let your sales force influence product prices?

35 minutes ago

From the outside, you might not notice the ongoing tension within many large businesses: the battle between salespeople, on the one hand, and marketers and product managers, on the other. Because the salespeople ...

Full appeals court upholds labels on meat packages

17 hours ago

(AP)—A federal appeals court has upheld new government rules that require labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered.

User comments : 0