Swedish Trade Surplus Narrows by 71% YoY in June

Sweden recorded at SEK 1.8 billion trade surplus in June of 2016 compared with a SEK 6.3 billion surplus a year earlier. Exports went down 4 percent and imports fell at slower rate of 0.3 percent. Trade with EU countries resulted in a deficit of SEK 13.6 billion while outside the EU resulted in a surplus of SEK 11.5 billion. It was the first trade gap since November 2015.

The value of exports in June 2016 amounted to SEK 104.6 billion, while imports were valued at SEK 102.8 billion. 

Trade with countries outside the EU resulted in a surplus of SEK 13.5 billion, while the EU trade resulted in a deficit of SEK 11.7 billion.

Seasonally adjusted, the net trade surplus amounted to SEK 0.7 billion in June 2016, compared to SEK 0.3 billion in May 2015. The corresponding figure for April 2016 was SEK 0 billion.

In the first five months of 2016, the value of exports has decreased by 2 percent compared to the corresponding period one year ago, while the value of imports increased by 1 percent. Exports amounted to SEK 586.2 billion, and imports were valued at SEK 579.6 billion, resulting in a surplus net trade balance of 6.6 billion for January–June 2016. The corresponding surplus figure for these months one year earlier was SEK 20.1 billion.

Statistics Sweden |Mojdeh Kazemi | mojdeh@tradingeconomics.com
7/27/2016 9:20:41 AM