Sweden Trade Balance Swings to Deficit in May


Sweden recorded at SEK 2.1 billion trade deficit in May of 2016 compared with a SEK 1.8 billion surplus a year earlier. Exports increased 1 percent and imports rose at faster 5 percent. Trade with EU countries resulted in a deficit of SEK 13.6 billion while outside the EU resulted in a surplus of SEK 11.5 billion. It was the first trade gap since November 2015.

The value of exports in May 2016 amounted to SEK 96.9 billion, while imports were valued at SEK 99 billion. 

Trade with countries outside the EU resulted in a surplus of SEK 11.5 billion, while the EU trade resulted in a deficit of SEK 13.6 billion.

Seasonally adjusted, the net trade surplus amounted to SEK 0.2 billion in May 2016, compared to SEK 0.3 billion in April 2015. The corresponding figure for March 2016 was SEK 0.3 billion.

In the first five months of 2016, the value of exports has decreased by 1 percent compared to the corresponding period one year ago, while the value of imports increased 1 percent. Exports amounted to SEK 482.6 billion, and imports were valued at SEK 477.2 billion, resulting in a surplus net trade balance of SEK 5.4 billion. The corresponding surplus figure for these months one year earlier was SEK 13.8 billion.

Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/28/2016 10:57:25 AM