Sweden Posts Trade Deficit in October

Swedish trade balance turned into a SEK 0.2 billion deficit in October of 2014 compared with a SEK 3.3 billion surplus a year earlier, as imports rose faster than exports.

Year-on-year, exports increased 6 percent to SEK 103.1 billion while imports rose 10 percent to SEK 103.3 billion. The number of weekdays in October of 2014 was the same as in October last year.

Trade with countries outside the EU resulted in a surplus of SEK 12.0 billion, while the EU trade resulted in a deficit of SEK 12.2 billion.

In the first nine months of 2014, the country posted a SEK 20.5 billion surplus, narrowing from a SEK 48.2 billion surplus a year earlier. Exports increased 3 percent while imports rose at a faster 7 percent. 

Sweden Posts Trade Deficit in October

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
11/26/2014 8:51:37 AM