Swedish Trade Surplus Declined In June

Sweden’s trade surplus declined to SEK 4 billion in June from SEK 5 billion in May, a report from Statistics Sweden showed Friday last week.

But there is still a surplus on the external trade balance.

The value of exports declined 15 percent year-on-year to SEK 88.1 billion in June. Similarly, imports dropped 10 percent to SEK 84.1 billion.

Trade with countries in Asia and other countries outside the EU showed a surplus of SEK 9.9 billion. But trade with countries inside the EU showed a deficit of SEK 5.9 billion.

Seasonally adjusted, the net trade surplus fell to SEK 3.5 billion in June from SEK 4.4 billion in May.

During January – June, the value of both exports and imports decreased by 10% compared to the corresponding period one year ago. Exports amounted to SEK548.8 billion, and imports were valued at SEK510.6 billion, resulting in a surplus net trade balance of SEK38.2 billion for January – June 2013.

The corresponding surplus figure for these months one year earlier was SEK 41.7 billion.

Statistics Sweden Web site: www.scb.se

 

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