Swedish Trade Surplus Narrows in March

In March of 2014, Sweden’s trade surplus decreased to SEK 2.6 billion according to preliminary estimates, down from a SEK 6.1 billion surplus a year earlier and a revised SEK 5.3 billion in the previous month. The number of weekdays in March was one more compared to March of 2013.

Exports in March of 2014 amounted to SEK 94.8 billion, while imports were valued at SEK 92.2 billion. Compared to March of 2013, exports increased by 2 percent, while imports advanced 6 percent.

Trade with countries outside the EU resulted in a surplus of SEK 9.0 billion, while the EU trade resulted in a deficit of SEK 6.4 billion.

Considering the first quarter of 2014, the value of exports increased by 1 percent while imports rose 3 percent year-on-year. Exports amounted to SEK 276.4 billion, and imports were valued at SEK 263.4 billion, resulting in a surplus net trade balance of SEK 13.0 billion. The corresponding surplus figure for these months one year earlier was SEK 16.2 billion.

Swedish Trade Surplus Narrows in March

Statistics Sweden | Isabel Felino | isabel.felino@tradingeconomics.com
4/28/2014 9:18:49 AM