Swedish trade deficit has widened to SEK 1.7 billion in December, preliminary calculations released by Statistics Department showed. In the preceding year, the net trade deficit was SEK 1.4 billion.
Swedish suffered wider trade deficit since imports were higher than the exports in the month. While imports accounted for SEK 110.9 billion, export of goods represented to SEK 109.2 billion in December.
As far as percentage terms, there was no change in both exports and imports from the previous year December month.
Importantly, Swedish trade with outside the European Union was a surplus of SEK 14.5 billion. On the other hand, trade with EU resulted in a deficit of SEK 16.2 billion during the period under review.
The release added, “Seasonally adjusted, the net trade surplus amounted to SEK 0.4 billion in December 2017, compared with a surplus of SEK 0.5 billion in November 2017. The corresponding figure for October 2017 was a surplus of SEK 0.4 billion.”
As far as the year 2017 was concerned, Sweden’s trade deficit was SEK 3.9 billion, which was narrower than the deficit of SEK 14.7 billion in the preceding year.
While exports value advanced 10 percent in 2017 from the previous year, imports grew 9 percent.