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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Finland and Germany, each channel at its own period. Left, Finland to Germany; right, Germany to Finland.

Finance to trade

positions ÷ goods, both directions
Finance to trade4.8×positions ÷ goods, both directions
Financial positions, both directions102USD bn
Goods, both directions21.2USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceFinland → GermanyGermany → Finlandother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 9.9 / 11.301020Bank claims · quarterly · USD bnQ2 2026 · 1.2 / –0510Portfolio holdings · half-yearly · USD bnDec 2025 · 29.2 / 67.4050100Direct investment · annual · USD bn2024 · 1.9 / 2.201020Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 4.8×0.0×2.5×5.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Finland → Germany

Aug 2025–Jul 2026

exports of Finland to Germany, 12 months

Exports, 12 months9.9USD bnreported
1.13importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Germany → Finland

Aug 2025–Jul 2026

exports of Germany to Finland, 12 months

Exports, 12 months11.3USD bnreported
0.83importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Finland → Germany

Q2 2026

loans and deposits of banks in Finland on residents of Germany

Position1.2USD bn
Flow in the quarter+0.2USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Germany → Finland

Q2 2026

loans and deposits of banks in Germany on residents of Finland

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Finland → Germany

Q4 2025

securities issued in Germany held by investors in Finland

Total29.2USD bn
Equity6.4USD bn
Debt securities22.8USD bn
Sources

Holder to issuer, Q4 2025.

Germany → Finland

Q4 2025

securities issued in Finland held by investors in Germany

Total67.4USD bn
Equity8.8USD bn
Debt securities58.6USD bn
Sources

Holder to issuer, Q4 2025.

Finland → Germany

2024

position of investors in Finland in Germany

Position1.9USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Germany → Finland

2024

position of investors in Germany in Finland

Position2.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.