Sweden Trade Balance Swings to Deficit

Sweden recorded a SEK 0.2 billion deficit in February of 2016 compared with a SEK 2.9 billion surplus a year earlier while missing market expectations of SEK 2.5 billion surplus. Exports rose 1 percent while imports went up at a faster 4 percent.

The value of exports in February 2016 amounted to SEK 94.6 billion, while imports were valued at SEK 94.8 billion. Compared to February 2015, exports increased by 1 percent in value, while imports increased by 4 percent.

Trade with countries outside the EU resulted in a surplus of SEK 13.4 billion, while the EU trade resulted in a deficit of SEK 13.6 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 1.0 billion in February 2016, compared with a deficit of SEK 1.2 billion both in January 2016 and December 2015.

During December 2015 and February 2016, the value of both exports and imports increased by 2 percent compared to the corresponding period one year ago. Exports amounted to SEK 280.2 billion, and imports were valued at SEK 274.7 billion, resulting in a surplus net trade balance of SEK 5.5 billion for December 2015–February 2016. The corresponding surplus figure for these months one year earlier was SEK 5.6 billion.

Sweden Trade Balance Swings to Deficit

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/29/2016 9:20:24 AM