Finland’s economics are mostly based on services and in the future Finland should invest on exporting these services. The rise in Finnish economics comes mainly from service sector. According to OECD statistics 56% of export increment value comes from services. That number is bigger than the global average but it doesn’t tell the whole story. IT services are the most known export product from Finland where the technological knowledge is on a very high level. There are many well know companies from Finland which have taken over the global IT markets, few to mention Supercell and F-Secure.

Even though the Finnish export has been down lately it gets higher only by taking action. There seems to be rise in international economic situation which could help Finnish economics get to a higher level by exporting and marketing. We believe that it’s important to invest on marketing. When taking over the global markets the company should know the customers and culture of the target country. It’s also important to invest on marketing in the right way.

– Smart Investments –

Sources:

http://www.kauppalehti.fi/uutiset/vienti-ei- virkisty-odottamalla/5fkWStvy?ref=twitter:6dc4

http://www.kauppalehti.fi/uutiset/suomen-todellinen- vientikarki/5WG4zZda?ref=twitter:d285

Finnish companies have made numerous high-quality products, some of which have made excellent success abroad: Nokia, Kone and Rovio to name a few. We strongly believe that Finnish companies have some amazing concepts and products that could do well abroad which have proven their worth in the Finnish market.

We believe Finnish people have potential in selling. There are so many great products and services on the market right now. These companies are waiting for their international breakthrough and looking for a chance to expand to foreign markets. Expanding to a foreign country without contacts can be very difficult, and without the knowledge of local laws, customs and the local culture, the chance of failure is high.

According to Tulli, Finnish customs, Finnish exports in January 2016 went down 10% compared to January 2015. The Finnish economy has traditionally relied on exports, and Finland has struggled to fill the GDP decrease created by their quick decrease.

Even in the midst of these news, some companies have still managed to succeed and increase their sales. Usually these companies have a presence abroad. We want to globalize more products and increase their presence worldwide, and strengthen Finland’s country brand. Together, we can do it.

Here’s hoping for a great rest of the year.

Smart Investments Team

Sources:

http://www.tulli.fi/en/releases/ulkomaankauppatilastot/tilastot/ennakko/201601/index.html?bc=5555

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– Smart Investments –