Swedish Trade Balance Swings to Deficit in July

Sweden recorded a trade deficit of SEK 0.5 billion in July of 2017 compared to a SEK 0.0 billion a year earlier. Exports rose 9 percent while imports increased at a faster 10 percent. Considering the first seven months of the year, the country's trade surplus widened to SEK 3.5 billion from a SEK 1.1 billion a year earlier. Both exports and imports jumped 11 percent.

In July, exports amounted to SEK 94 billion and imports were at SEK 94.5 billion. Trade with countries outside the EU resulted in a surplus of SEK 9.7 billion, while EU trade resulted in a deficit of SEK 10.2 billion. 

The number of weekdays in July 2017 was the same as in July of 2016.

On a seasonally adjusted basis, the trade deficit narrowed to SEK 0.2 billion from SEK 0.6 billion in June. The corresponding figure for May was a SEK 1.0 billion shortfall.

Considering the first seven months of 2017, both exports and imports increased 11 percent compared with the corresponding period one year ago. Exports amounted to SEK 747.6 billion and imports were valued at SEK 744.1 billion, resulting in a net trade surplus of SEK 3.5 billion. The corresponding surplus figure for these period a year earlier was SEK 1.1 billion.

Swedish Trade Balance Swings to Deficit in July

Statistics Sweden |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/28/2017 10:52:36 AM