Sweden Dec. Trade Surplus Widens

Sponsored Links

Tuesday, the Statistics Sweden announced that the trade surplus stood at SEK 5 billion in December, up from SEK 1.9 billion surplus in the previous month. Economists expected a trade surplus of SEK 7 billion. A year ago, the trade surplus was SEK 8.9 billion.

Exports value dropped 1% year-on-year to SEK 82.3 billion in November, while imports value rose 4% to SEK 77.3 billion.

On a seasonally adjusted basis, the trade surplus stood at SEK 6.1 billion in December, down from SEK 6.2 billion in November.

In 2009, exports and imports value decreased by 17% each. During the period, the trade surplus totaled SEK 92.3 billion, down from SEK 105.8 billion in 2008.

Tuesday, the Statistics Sweden announced that the trade surplus stood at SEK 5 billion in December, up from SEK 1.9 billion surplus in the previous month. Economists expected a trade surplus of SEK 7 billion. A year ago, the trade surplus was SEK 8.9 billion. (Market News Provided by RTTNews)