Swedish Trade Gap Narrows In October

Swedish trade deficit decreased to SEK 2.7 billion in October of 2016 compared to a SEK 3.1 billion gap in the same month a year earlier.
Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com 11/28/2016 9:03:21 AM
The value of exports in October 2016 amounted to SEK 102.9 billion, while imports were valued at SEK 105.6 billion. Compared to October 2015, exports and imports decreased by 1 percent.

Trade with countries outside the EU resulted in a surplus of SEK 12.4 billion, while the EU trade resulted in a deficit of SEK 15.1 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 0.4 billion in October 2016, compared with a deficit of SEK 0.5 billion in September 2016. The corresponding figure for August 2016 was a deficit of SEK 0.6 billion.

During January–October, the value of exports has decreased by 1 percent compared with the corresponding period one year ago, while the value of imports increased by 1 percent. Exports amounted to SEK 970.5 billion and imports were valued at SEK 977.1 billion, resulting in a deficit net trade balance of 6.6 billion for January–October 2016. The corresponding surplus figure for these months one year earlier was SEK 15.0 billion.

Swedish Trade Gap Narrows In October