Swedish August Trade Surplus Shrinks

Sep 25, 2007 - Swedish exports rose 3.0% to SEK85.0 billion in August, from last year, while imports climbed 13% to SEK84.4 billion, the Statistics Sweden said Tuesday. The net trade surplus came in at SEK0.6 billion in August compared to the trade surplus of SEK8.1 billion a year ago.

On a seasonally adjusted basis, the net trade surplus amounted to SEK6.5 billion in August, down from SEK7.3 billion in July.

Trade with the Non-EU member states fetched a surplus of SEK6.5 billion, while the trade with the EU member states resulted in a deficit of SEK5.9 billion in August.

During eight months ended August, the value of exports rose 5.0% SEK738.3 billion from last year. Meanwhile, the value of imports gained 10.0% to SEK657.1 billion. This resulted in the net trade surplus of SEK81.2 billion for the period January-August. During the same period last year, the net trade surplus amounted to SEK104.4 billion.