Sweden Trade Surplus Narrows Sharply in September

Swedish trade surplus decreased to SEK 1.4 billion in September of 2014 compared with a SEK 5.1 billion surplus a year earlier as imports surged 14 percent. Yet, there was one more weekday in September than in last year.

The value of exports in September of 2014 amounted to SEK 101.2 billion, while imports were valued at SEK 99.8 billion. Compared to September 2013, exports increased by 9 percent in value, while imports increased by 14 percent.

Trade with countries outside the EU resulted in a surplus of SEK 12.3 billion, while the EU trade resulted in a deficit of SEK 10.9 billion.

Seasonally adjusted, the net trade surplus amounted to SEK 0.2 billion in September 2014, compared to SEK 0.5 billion in August 2014. The corresponding figure for July 2014 was SEK 0.9 billion.

In the first nine months of 2014, the value of exports increased by 3 percent while imports increased by 6 percent compared to the corresponding period one year ago. Exports amounted to SEK 835.3 billion, and imports were valued at SEK 812.9 billion, resulting in a surplus net trade balance of SEK 22.4 billion for January – September 2014. The corresponding surplus figure for these months one year earlier was SEK 44.9 billion.

Sweden Trade Surplus Narrows Sharply in September

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
10/28/2014 8:56:55 AM