Sweden Trade Balance Swings to Deficit in August
Swedish reported a trade deficit SEK 2.8 billion in August of 2014 compared to SEK 1.9 billion surplus a year ago, as exports remained unchanged while imports grew faster.
In July, the country posted a revised SEK 2.4 billion trade surplus.
9/26/2014 9:05:40 AM
The value of exports in August of 2014 amounted to SEK 84.2 billion while imports were valued at SEK 87.0 billion. Compared to August of 2013, exports remained unchanged in percentage terms, while imports increased by 6 percent.
Trade with countries outside the EU resulted in a surplus of SEK 4.9 billion, while the EU trade resulted in a deficit of SEK 7.7 billion.
In August of 2014, the number of weekdays was one less comparing to the same month of the previous year.
During January - August 2014, exports increased by 2 percent while imports rose 4 percent compared to the corresponding period one year ago. Exports amounted to SEK 734.4 billion, and imports were valued at SEK 712.2 billion, resulting in a trade surplus of SEK 22.2 billion. The corresponding surplus for these months one year earlier was SEK 37.8 billion.