Swedish Trade Deficit Narrows in August

The Swedish trade deficit narrowed to SEK 5.4 billion in August 2017 from SEK 10.1 billion in the same month a year earlier.

In August, Swedish exports of goods increased by 13 percent year-on-year to SEK 99.9 billion, while imports of goods rose at a slower 7 percent to SEK 105.3 billion. 

Trade with countries outside the EU resulted in a surplus of SEK 7.3 billion, while EU trade resulted in a deficit of SEK 12.7 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 0.5 billion in August 2017, compared with a deficit of SEK 0.6 billion in July 2017. The corresponding figure for June 2017 was a deficit of SEK 0.7 billion.

Considering the first eight months of the year, the country's trade gap narrowed to SEK 0.7 billion from a SEK 9.0 billion in the same period of 2016. Exports increased by 12 percent from the previous year to SEK 847.3 billion and imports rose by 10 percent to SEK 848.0 billion.

Swedish Trade Deficit Narrows in August

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/27/2017 8:17:33 AM