Shrinkage of Swedish Net trade surplus in June
Friday, 26 July 2013
In June 2013 Swedish exports of goods amounted to Skr88.1 billion, while imports of goods amounted to Skr 84.1 billion. As a result, the net trade balance was Skr4.0 billion, latest data from Statistic Sweden (SCB) shows.
According analysts, it was expected that there would be a surplus of Skr7.6 billion.
Foreign trade in goods resulted in a net trade surplus of Skr 4.0 billion in June 2013 according to preliminary calculations. In June 2012 the net trade surplus was Skr 9.2 billion.
The value of exports in June 2013 amounted to Skr 88.1 billion, while imports were valued at Skr 84.1 billion. Compared to June 2012, exports decreased by 15 percent in value, while imports decreased by 10 percent.
Trade with countries outside the EU resulted in a surplus of Skr 9.9 billion, while the EU trade resulted in a deficit of Skr 5.9 billion, showing how it is still hard for an exporter such as Sweden to rely on Europe.
Net trade (Jan – June) showed a surplus of Skr 38.2 billion. During this period, the value of both exports and imports decreased by 10 percent compared to the corresponding period one year ago. Exports amounted to Skr 548.8 billion, and imports were valued at Skr 510.6 billion, resulting in a surplus net trade balance of Skr 38.2 billion for January – June 2013. The corresponding surplus figure for these months one year earlier was Skr 41.7 billion.
by Scancomark.com Team. Source: SCB