Sweden Trade Surplus at 2-year High

The Swedish trade balance turned into a SEK 4.2 billion surplus in June of 2017 compared to a SEK 0.2 billion deficit a year earlier. Yet, it is the highest trade surplus in two years, as exports jumped 10 percent while imports rose at a slower 6 percent. Considering the first half of 2017, the country's trade surplus widened to SEK 3.4 billion from a SEK 1.1 billion a year earlier. Both exports and imports jumped 11 percent.

In June, exports amounted to SEK 114 billion and imports were at SEK 109.8 billion. Trade with countries outside the EU resulted in a surplus of SEK 17.2 billion, while EU trade resulted in a deficit of SEK 13.0 billion.

The number of weekdays in June 2017 was the same as in June 2016.

On a seasonally adjusted basis, the trade deficit narrowed to SEK 0.7 billion from SEK 1.2 billion in May. The corresponding figure for April was a SEK 1.5 billion gap.

Sweden Trade Surplus at 2-year High

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
7/26/2017 8:02:41 AM