Sweden Trade Balance Swings to Surplus In May


Sweden posted a SEK 2.8 billion trade surplus in May of 2017 compared with a SEK 3.6 billion gap a year ago. Year-on-year, exports rose 18 percent and imports increased at a slower 11 percent. Trade with countries outside the EU resulted in a surplus of SEK 15.1 billion, while EU trade resulted in a deficit of SEK 12.3 billion.

In May 2017, Swedish exports of goods rose 18 percent to SEK 114 billion, while imports of goods increased at a slower 11 percent to SEK 111.2 billion.

Trade with countries outside the EU resulted in a surplus of SEK 15.1 billion, while EU trade resulted in a deficit of SEK 12.3 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 0.5 billion in May 2017, compared with a shortfall of SEK 0.7 billion in April of 2017. The corresponding figure for March 2017 was a gap of SEK 1.2 billion.

Considering the first five months of 2017, the value of exports increased by 11.5 percent compared with the corresponding period one year ago, and the value of imports rose 11.8 percent. Exports amounted to SEK 536.6 billion and imports were valued at SEK 536.7 billion, resulting in a net trade deficit of SEK 0.1 billion for January-May 2017. The corresponding surplus figure for these months a year earlier was SEK 1.3 billion.

Sweden Trade Balance Swings to Surplus In May


Statistics Sweden |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/27/2017 9:30:22 AM