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- Sweden trade surplus narrows to SEK1.4 billion in November
Sweden trade surplus narrows to SEK1.4 billion in November
Statistics Sweden reported on Tuesday that the country's trade surplus decreased to SEK 1.4 billion in November from a revised SEK5.0 billion in October (originally SEK4.7 billion). In November 2019, the trade surplus was SEK2.6 billion.
According to the report, the non-EU trade balance recorded a surplus of SEK20.6 billion in November, while the trade balance with the EU posted a deficit of SEK19.2 billion.
Exports decreased 3.0 percent y-o-y to SEK128.0 billion in November, as a 7 percent y-o-y drop in sales to the EU offset a 2 percent y-o-y advance in exports to non-EU countries. Meanwhile, imports fell 2 percent y-o-y to SEK126.6 billion, led by a 5 percent y-o-y decrease in purchases from the EU, which, however, was partially offset by a 7 percent y-o-y gain in imports from non-EU countries.
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