Swedish Trade Balance Swings To Deficit In March


Swedish trade balance posted a SEK 0.8 billion deficit in March 2017 compared with a SEK 1.8 billion surplus in the same month of the previous year and missing market expectations of a SEK 2.0 billion surplus. Exports rose by 15 percent year-on-year to SEK 119.2 billion and imports increased at a faster 18 percent to SEK 120.0 billion.

In March 2017, Swedish exports of goods increased by 15 percent year-on-year to SEK 119.2 billion, while imports of goods rose at a faster 18 percent to SEK 120.0 billion. 

Trade with countries outside the EU resulted in a surplus of SEK 16.2 billion, while EU trade resulted in a deficit of SEK 17.0 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 1.7 billion in March 2017, compared with a deficit of SEK 1.5 billion in February 2017. The corresponding figure for January 2017 was a deficit of SEK 1.1 billion.

In the first quarter of the year, the value of exports increased by 13 percent compared with the corresponding period one year ago, while the value of imports increased by 14 percent. Exports amounted to SEK 322.6 billion and imports were valued at SEK 323.3 billion, resulting in a deficit net trade balance of SEK 0.7 billion for January–March 2017. The corresponding surplus figure for these months one year earlier was SEK 2.4 billion.

Swedish Trade Balance Swings To Deficit In March


Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/27/2017 8:05:41 AM