Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270849 
Year of Publication: 
2023
Series/Report no.: 
BOFIT Policy Brief No. 7/2023
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
This policy brief provides an overview of Finland's dependency on imports from China in both a national and EU context. As trade figures based on value added only provide a rough notion of China's contribution to final consumption, we also consider import dependence from the goods imports figures of Finnish Customs to assess import dependence directly for specific product groups. As many products of Chinese origin are imported as semifinished goods or components for products finished in another EU country, we break down also the import dependency of the EU on China by specific product groups. We then compare Finland's domestic production of select industrial product groups against comparable imports from China. We analyze Finland's dependence on China for critical raw materials and identify potential alternative sources for key product groups for which Finland and the EU are currently dependent on China.
Subjects: 
China
Finland
EU
foreign trade
imports
dependency
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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