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Sweden trade surplus shrinks sharply in June

Staff Writer |
Sweden's foreign trade surplus decreased markedly in June from a year ago, as exports fell and imports remained flat, preliminary figures from Statistics Sweden showed.

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The trade surplus shrank to SEK 1.8 billion in June from SEK 6.3 billion in the corresponding month last y

ear. In May, the trade balance showed a deficit of SEK 2.2 billion. The value of exports declined 4.0 percent year-over-year to SEK 104.6 billion in June. At the same time, imports showed no variations from last year and valued at SEK 102.8 billion.

Trade with countries outside the EU resulted in a surplus of SEK 13.5 billion, while the EU trade ended in a deficit of SEK 11.7 billion.

On a seasonally adjusted basis, the net trade surplus of the country was SEK 0.7 billion versus SEK 0.3 billion in May.

During the first half of this year, the net trade surplus came in at SEK 6.6 billion compared to SEK 20.1 billion in the same period of 2015.

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