Imports of Services and Offshoring

Abstract

According to our results the imports of services to Finland have increased. The share of services in total imports in Finland is relatively large compared to many other EU countries. Companies often use imported services as their intermediates, with services accounting for nearly half of the total intermediate imports. It seems that offshoring of services is declining. While in the years 2015–2017 approximately 8.5 % of large and medium-sized service companies offshored their operations abroad, in 2018–2020 the share had decreased to 6.4 %.

Publication info

Results of research
Services in International Competition
Research group
Business renewal
Series
ETLA Raportit - Reports 137
Date
30.03.2023
Keywords
Service, Outsourcing, Offshoring, Internationalization, Intermediate good
ISSN
2323-2447, 2323-2455 (Pdf)
JEL
F14, L8
Pages
12
Language
Finnish