Sweden Reports Trade Deficit for October

UK Trade

Sweden reported a trading deficit of SEK 3.1 billion in October, a release from Swedish Statistical Office showed. This was lower than the previous year’s deficit of SEK 3.5 billion. While exports of goods reached SEK 114.3 billion, goods exports hit SEK 117.4 billion thus giving a trading deficit of SEK 3.1 billion.

On a year-on-year basis, both commodity exports and imports have recorded 10 percent increase in value. Trade with EU nations suffered a deficit of SEK 17.4 billion while trade with non-EU countries yielded a surplus of SEK 14.3 billion in the same month.

The official release added, “Adjusted for seasonal impact, net sales amounted to a loss of SEK 0.7 billion for October 2017, and a loss of SEK 0.6 billion for September 2017. Even in August 2017 there was a deficit of SEK 0.6 billion.” For the ten-month period, Sweden’s trade deficit was SEK 4.3 billion, which was better than the year-ago period’s net deficit of SEK 11.2 billion.

Be the first to comment

Leave a Reply