Sweden’s goods exports rose in the month of May. The exports of goods amounted to SEK 114 billion, a rise from April’s value of SEK 99.5 billion. Meanwhile, the import of goods also increased in the month, rising to SEK 112.billiion from SEK 102.7 billion.
As a result, the net trade balance came in at a surplus of SEK 2.8 billion, as compared with April’s deficit of SEK 3.2 billion (revised down from SEK -2.6 billion), showed, Statistics Sweden.
On a year-on-year basis, Sweden’s exports rose 18 percent in value in the month of May, while the value of imports rose 11 percent year-on-year.
Sweden’s trade with nations outside the EU resulted in a surplus of SEK 15.1 billion, while EU trade resulted in a deficit of SEK 12.3 billion.
On a seasonally adjusted basis, the Swedish net trade deficit came in at SEK 0.5 billion in May 2017, as compared with a deficit of SEK 0.8 billion seen in April 2017. The corresponding figure for March 2017 was a deficit of SEK 1.2 billion.
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