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Declines in Swedish exports but net trade surplus reached Skr 8.0 billion in October

Tuesday, 27 November 2012
Swedish exports fell by 7 percent in the third quarter of this year, compared with the same period last year. During the same period, imports fell by 6 percent, according to statistics from Statistics Sweden.
Both exports and imports were lower in the third quarter than in the first half. Overall exports fell by 2 percent in January-September.

Meanwhile, in October 2012 Swedish exports of goods amounted to SEK 104.6 billion, while imports of goods amounted to SEK 96.6 billion. As a result, the net trade balance was SEK 8.0 billion.

Foreign trade in goods resulted in a net trade surplus of SEK 8.0 billion in October 2012 according to preliminary calculations from Statistic Sweden. In October 2011 the net trade surplus was SEK 5.8 billion.

The value of exports in October 2012 amounted to SEK 104.6 billion, while imports were valued at SEK 96.6 billion. Compared to October 2011, exports increased by 2 percent in value, while imports decreased by 1 percent. Trade with countries outside the EU resulted in a surplus of SEK14.0 billion, while the EU trade resulted in a deficit of SEK 6.0 billion.
Net trade (January – October 2012) showed surplus of SEK 66.7 billion
News source: Statistic Sweden

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