Published: 2 July 2020

Value of industrial output EUR 93 billion in 2019

According to Statistics Finland's statistics on industrial output, the value of the sold output of industry (branches B: Mining and quarrying and C: Manufacturing) amounted to EUR 93.0 billion in 2019. The value of the sold output of industry grew by one per cent from the previous year.

Value of sold industrial output by commodity in 2019 1)

  Value of sold industrial production (million euro) Proportion of industrial production (%) Change of annual value (%)
Total 92,993 100.0 1.0
B Products from mining and quarrying 1,599 1.7 -5.3
C Manufactured goods 91,007 97.9 1.1
10-12 Food, beverages and tobacco 9,146 9.8 2.1
13-15 Textiles, clothes, leather and leather products 552 0.6 5.7
16-17 Forest industry products 16,834 18.1 -4.6
19-22 Chemical industry products 19,429 20.9 1.8
24-30, 33 Metal industry products 40,658 43.7 3.1
  24-25 Metal and metal products 14,826 15.9 -4.2
  26-28, 33 Machinery and equipment 19,528 21.0 4.3
  29-30 Transport equipment 6,304 6.8 20.4
18, 23, 31, 32 Other manufactured goods 4,389 4.7 0.2
Other products 388 0.4 0.7
1) The data were summed from the PRODCOM classification to less detailed levels. Detailed commodity-specific data can be found in the StatFin statistical database.

The share of metal industry products of the total value of the sold output was 44 per cent, or EUR 40.7 billion, of which the EUR 19.5 billion sales of machinery and equipment covered nearly one-half. The share of chemical industry products of the total value of the sold output was 21 per cent, that of forest industry products 18 per cent and that of food products 10 per cent.

The growth in the value of the sold output was highest in metal industry products, where the value of sold output in transport equipment went up by 20.4 per cent, in machinery and equipment by 4.3 per cent, while the value of sold output in metal and metal products went down by 4.2 per cent. The value of the sold output of food products grew by 2.1 per cent and that of the chemical industry by 1.8 per cent. The value of the sold output contracted most in mining and quarrying products (-5.3%) and forest industry products (-4.6%).

Commodities are broken down into more specific subcategories in Appendix table 1. More detailed level commodity-specific data on the value and volume of sold domestic output and data on the volume of total output are published in the StatFin statistical database .

The data in the statistics on industrial output for 2019 were updated in the StatFin statistical service on 2 July 2020. The database table of the statistics contains data on the value and volume of sold domestic output by commodity heading as well as data on the volume of total domestic output for 2013 to 2019. Annual data for earlier years can be found in the archives of the StatFin statistical service . The service has data available from 1998 onwards. The data have been collected annually from enterprises and establishments in the industries of mining and quarrying (industry B) and manufacturing (industry C).


Source: Industrial output 2019, Statistics Finland

Inquiries: Tiina Sevón 029 551 3711, Ritva Tikkanen 029 551 3300, hyodyke.tilastot@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (214.1 kB)

Tables

Tables in databases

Appendix tables


Updated 2.7.2020

Referencing instructions:

Official Statistics of Finland (OSF): Industrial output [e-publication].
ISSN=2489-3226. 2019. Helsinki: Statistics Finland [referred: 15.8.2020].
Access method: http://www.stat.fi/til/tti/2019/tti_2019_2020-07-02_tie_001_en.html