Sweden Trade Gap Narrows 78.9% YoY In November

The trade deficit in Sweden declined to SEK 1.1 billion in November of 2016 from a SEK 5.2 billion gap a year earlier. It is the smallest shortfall for a November month in two years as exports rose the most since June of 2015 and imports rebounded.

Exports jumped 13 percent year-on-year to SEK 113.4 billion after being flat in the previous month. It is the biggest increase since June of 2015. Imports rose 8.5 percent to SEK 114.5 billion, following a 1 percent fall in the previous period. It is the biggest gain in a year.

Trade with countries outside the EU resulted in a surplus of SEK 14.9 billion, while EU trade showed a SEK 16.0 billion gap.

Seasonally adjusted, the trade surplus amounted to SEK 0.4 billion in November 2016, compared with a surplus of SEK 0.3 billion in October 2016.

Considering the first eleven months of the year, exports were flat at SEK 1084.6 billion while imports rose 2 percent year/on/year to SEK 1092 billion, resulting in a deficit of SEK 7.4 billion. The corresponding surplus figure for these months one year earlier was a gap of SEK 9.8 billion.

Sweden Trade Gap Narrows 78.9% YoY In November

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
12/29/2016 10:27:20 AM