Sweden Posts Trade Deficit in November

Swedish trade balance swung to a SEK 700 million deficit in November of 2014, compared with a SEK 3800 billion surplus a year earlier, as imports increased and exports showed no growth.

Exports of goods amounted to SEK 94.9 billion, while imports reached SEK 95.6 billion. Year-on-year, exports remained unchanged, while imports increased by 5 percent.

Trade with countries outside the EU resulted in a surplus of SEK 10.5 billion, while the EU trade resulted in a deficit of SEK 11.2 billion.

Considering the first eleven months of 2014, the value of exports increased by 3 percent while imports increased by 7 percent compared to the corresponding period one year ago. Exports amounted to SEK 1035.7 billion, and imports were valued at SEK 1015.4 billion, resulting in a surplus net trade balance of SEK 20.3 billion for January – November 2014. The corresponding surplus figure for these months one year earlier was SEK 52.0 billion.

Sweden Posts Trade Deficit in November

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
12/30/2014 5:41:05 PM