Sweden July Trade Surplus Shrinks

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Wednesday, the Statistics Sweden announced that the trade surplus stood at SEK 6.4 billion in July, down from SEK 18.1 billion surplus in June. Economists had expected a trade surplus of SEK 7.9 billion. A year earlier, the trade surplus was SEK 9.5 billion.

Exports dropped 23% year-on-year to SEK 73.1 billion in July, while imports fell 22% to SEK 66.7 billion.

On a seasonally adjusted basis, the net trade surplus amounted to SEK 8.4 billion in July, down from SEK 8.6 billion in June.

For the first six months of the year, exports decreased 20% compared to the same period of the previous year, while imports dropped 22%. During the period, the trade surplus amounted to SEK 67.6 billion.

Wednesday, the Statistics Sweden announced that the trade surplus stood at SEK 6.4 billion in July, down from SEK 18.1 billion surplus in June. Economists had expected a trade surplus of SEK 7.9 billion. A year earlier, the trade surplus was SEK 9.5 billion. (Market News Provided by RTTNews)