Swedish Trade Gap Hits Record High in August

Swedish trade deficit increased sharply to SEK 10.3 billion in August 2016 compared to SEK 2.7 billion in the same month a year earlier. It was the biggest trade gap on record, as exports decreased by 2 percent while imports increased by 7 percent. Trade with countries outside the EU resulted in a surplus of SEK 4.5 billion, while EU trade resulted in a deficit of SEK 14.8 billion.
Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com 9/27/2016 9:55:36 AM
The value of exports in August 2016 amounted to SEK 87.4 billion, while imports were valued at SEK 97.7 billion. Compared to August 2015, exports decreased by 2 percent in value while imports increased by 7 percent in value.

Trade with countries outside the EU resulted in a surplus of SEK 4.5 billion, while EU trade resulted in a deficit of SEK 14.8 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 3.4 billion in August 2016, compared to a deficit of SEK 2.5 billion in July 2016. The corresponding figure for June 2016 was a deficit of SEK 1.6 billion.

In the first eight months of 2016, the value of exports decreased by 2 percent compared to the corresponding period one year ago, while the value of imports increased by 1 percent. Exports amounted to SEK 758.9 billion and imports were valued at SEK 764.9 billion, resulting in a deficit net trade balance of 6.0 billion for January – August 2016. The corresponding surplus figure for these months the previous year was SEK 17.8 billion.

Swedish Trade Gap Hits Record High in August