Finland struggling to defend its market share on rapidly expanding markets
Mäki-Fränti, Petri (29.06.2017)
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201706301393
The global market share of Finnish exports has been declining continuously ever since the financial crisis. While Finland’s export markets expanded by 17% in the years 2008–2015, Finnish exports contracted by 12% over the same period. The loss of market share partly reflects a phenomenon common to the advanced economies. Emerging economies have gained a stronger foothold in the global economy since the 1990s, which has eroded the advanced economies’ relative share of world trade.