The Ministry of Defence granted 432 licences to 52 countries for permanent exports and transfers of defence materiel in 2024, according to a report published by the Ministry on Thursday.
The combined value of these licences was EUR 1.4 billion (up from EUR 667 million in 2023), which is more than ever before.
Examined by region, most licences were granted for exports to European countries. The actual exports normally take place within a few years after the export licence was granted.
Examined by country, licenses of the highest values were granted to Sweden (EUR 672 million), Saudi Arabia (EUR 150 million) and the United States (EUR 115 million).
The licences granted for exports to Sweden cover several product categories, but over 60 per cent of the total value was for land vehicles.
Exports to Saudi Arabia consist almost entirely of life-cycle support services, warranty repairs and spare parts for a mortar system.
Exports to the United States mainly include fire control and surveillance sensors.
The annual report on the exports of defence materiel only covers commercial exports. It therefore does not contain information on defence materiel assistance that Finland has provided to Ukraine as part of international assistance.
In 2024, Finland granted 29 licences for commercial exports to Ukraine, with a combined value of approximately EUR 22 million.
The total value of completed exports in 2024 reached around EUR 206 million (up from EUR 191 million in 2023), marking the highest annual export value since 2014, when exports totalled around EUR 223 million.
The top three destination countries in 2024 were Sweden (EUR 52 million), Latvia (EUR 42 million) and Norway (EUR 17 million).
Exports to Sweden mainly consisted of land vehicles and small arms designed for military use.
Exports to Latvia were also largely made up of land vehicles, while exports to Norway primarily included fire control and surveillance sensors.
Examined by region, by far most of the products were exported to the Member States of the European Union. Nearly 95 per cent of all exports went to Europe (85 per cent in 2023).
All licence applications are subject to a case-by-case overall consideration based on national legislation and international commitments binding on Finland.
- Finland
- Exports
- Arms
- Rises
Source: www.dailyfinland.fi
