Sweden’s foreign trade surplus increased notably in September from a year ago, as exports rose and imports remained flat, figures from Statistics Sweden showed Tuesday.
The trade surplus rose to SEK 3.3 billion in September from SEK 1.2 billion in the corresponding month last year. In August, the trade balance showed a deficit of SEK 2.5 billion.
The value of exports grew 2.0 percent year-over-year to SEK 104.1 billion in September. At the same time, imports valued at SEK 100.8 billion, unchanged from the previous month.
Trade with countries outside the EU resulted in a surplus of SEK 16.3 billion in September, while the EU trade showed a deficit of SEK 13.0 billion.
The seasonally adjusted trade surplus was SEK 1.3 billion in September versus a surplus of SEK 1.4 billion in August.
During the fist nine months of the year, both exports and imports climbed annually by 5.0 percent and 4.0 percent, respectively. The net trade surplus rose to SEK 20.3 billion from SEK 14.1 billion.
The material has been provided by InstaForex Company – www.instaforex.com