Swedish Trade Surplus Narrows In December

Swedish trade surplus fell sharply to SEK 1.0 billion in December 2016 from SEK 4.0 billion in the same month of the previous year, as exports rose by 11 percent while imports increased at a faster 15 percent. For the whole year of 2016, Sweden posted a trade deficit of SEK 6.8 billion compared with a surplus of SEK 13.8 billion in 2015.

The value of exports in December 2016 amounted to SEK 109.3 billion, while imports were valued at SEK 108.3 billion. Compared with December 2015, exports increased by 11 percent in value while imports increased by 15 percent in value.

Trade with countries outside the EU resulted in a surplus of SEK 15.0 billion, while EU trade resulted in a deficit of SEK 14.0 billion.

There was one weekday more in December 2016 than in December 2015.

Seasonally adjusted, the net trade surplus amounted to SEK 0.2 billion in December 2016, compared with a surplus of SEK 0.5 billion in November 2016. The corresponding figure for October 2016 was a surplus of SEK 0.4 billion.

Considering the whole year of 2016, the value of exports has increased by 1 percent compared with 2015, while the value of imports increased by 3 percent. Exports amounted to SEK 1193.7 billion and imports were valued at SEK 1200.5 billion, resulting in a deficit net trade balance of 6.8 billion for 2016. It was the first trade gap since 1982 and the biggest deficit since 1980. The corresponding surplus figure in 2015 was SEK 13.8 billion.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/26/2017 10:54:43 AM