Sweden Trade Balance Swings To Deficit In April


Sweden posted a SEK 2.6 billion trade deficit in April of 2017 compared with a SEK 2.5 billion surplus a year ago. Exports rose 1 percent year-on-year to SEK 100.2 billion and imports increased at a faster 6 percent to SEK 102.8 billion. Trade with countries outside the EU resulted in a surplus of SEK 11.3 billion, while EU trade resulted in a deficit of SEK 13.9 billion. It is important to mention that there were three weekdays fewer in April 2017 than in April 2016. In the period January-April, the country recorded a SEK 2 billion gap compared with a SEK 4.9 billion surplus in the same period of 2016.

In April 2017, Swedish exports of goods rose 1 percent to SEK 100.2 billion, while imports of goods advanced at a faster 6 percent to SEK 102.8 billion.

Trade with countries outside the EU resulted in a surplus of SEK 11.3 billion, while EU trade resulted in a deficit of SEK 13.9 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 2.3 billion in April 2017, compared with a deficit of SEK 1.9 billion in March of 2017. The corresponding figure for Februay 2017 was a deficit of SEK 1.5 billion.

Considering the first four months of 2017, the value of exports increased by 10 percent compared with the corresponding period one year ago, and the value of imports rose by 12 percent. Exports amounted to SEK 423.2 billion and imports were valued at SEK 425.2 billion, resulting in a net trade deficit of SEK 2 billion for January-April 2017. The corresponding surplus figure for these months a year earlier was SEK 4.9 billion.

Sweden Trade Balance Swings To Deficit In April


Statistics Sweden |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/29/2017 10:52:12 AM