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Impressively strong Swedish exports - Net trade surplus of goods increased in July


 




Friday, 26 August 2011
Swedish trade balance showed a surplus of Skr12.2 billion in July, according to latest data from statistic Sweden.  In the same month in 2010, the net trade balance stood at Skr 9.4 billion.
According to survey from various analysts, expectation was that there will be a surplus of Skr7.2 billion. The value of exports rose 5 percent compared to same month in 2010, to Skr93.4 billion. The value of imports rose 2 percent to Skr81.2 billion. In June, the trade balance showed a surplus of revised Skr7.7 billion (+8.2). Seasonally adjusted trade surplus showed a surplus of Skr11.2 bn in July, compared with revised Skr10.6 billion the month before (+10.8).

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Trade with countries outside the EU resulted in a surplus of Skr 16.5 billion, while EU trade resulted in a deficit of Skr 4.3 billion.
Seasonally adjusted, the net trade surplus amounted to Skr 11.2 billion in July 2011, compared to Skr 10.6 billion in June 2011. The corresponding figure for May 2011 was Skr 9.7 billion.

During this period, the value of exports increased by 11 percent, while imports increased by 9 percent in value compared to the corresponding period one year ago. Exports amounted to Skr 705.8 billion, and imports were valued at Skr 651.9 billion, resulting in a surplus net trade balance of Skr 53.9 billion for January – July 2011. The corresponding surplus figure for these months one year earlier was Skr 40.3 billion.
By Scancomark.se Team


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