Swedish Trade Gap Narrows In October


Swedish trade deficit decreased to SEK 2.7 billion in October of 2016 compared to a SEK 3.1 billion gap in the same month a year earlier.

The value of exports in October 2016 amounted to SEK 102.9 billion, while imports were valued at SEK 105.6 billion. Compared to October 2015, exports and imports decreased by 1 percent.

Trade with countries outside the EU resulted in a surplus of SEK 12.4 billion, while the EU trade resulted in a deficit of SEK 15.1 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 0.4 billion in October 2016, compared with a deficit of SEK 0.5 billion in September 2016. The corresponding figure for August 2016 was a deficit of SEK 0.6 billion.

During January–October, the value of exports has decreased by 1 percent compared with the corresponding period one year ago, while the value of imports increased by 1 percent. Exports amounted to SEK 970.5 billion and imports were valued at SEK 977.1 billion, resulting in a deficit net trade balance of 6.6 billion for January–October 2016. The corresponding surplus figure for these months one year earlier was SEK 15.0 billion.

Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/28/2016 9:03:21 AM