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Weaker Swedish foreign trade in third quarter but impressive Swedish exports

Monday, 28 November 2011
The value of Sweden's total exports of goods amounted to Skr 912 billion during the period January to September, measured in current prices, an increase of 10 percent compared with the corresponding periods of 2010.

At the same time imports increased 8 percent. The rate of increase was somewhat weaker during the third quarter, exports rose 8 percent and imports 5 percent, reports statistic Sweden

The value of Swedish exports amounted to Skr 912 billion during January-September 2011. This is an increase of 10 percent compared to the same period of the previous year. At the same time, imports increased by 8 percent and amounted to Skr 847 billion. This results in a net trade surplus of Skr 65 billion. The net trade surplus for the same period in 2010 was Skr47 billion.

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Sweden’s exports as well as imports showed a weaker rate of increase during the third quarter than during the first two quarters this year. After a rate of increase of 11 percent during the first two quarters, exports were up 8 percent in the third quarter. Imports rose by 5 percent during the third quarter compared to an increase of 10 percent during the first two quarters.

For January-September 2011 though, Sweden's exports to the EU-27 increased 8 percent while imports from there increased 11 percent. Exports to the euro countries rose 9 percent and imports from those countries rose 12 percent. Among EU countries, exports increased to Germany by 9 percent and to the UK by 2 percent, while exports to Denmark decreased by 1 percent. Imports from Germany increased by 11 percent and from the UK by 15 percent. At the same time imports from Denmark rose by 4 percent.

Both exports to other European countries and imports from there increased 9 percent. Exports to Norway decreased 1 percent while imports from there rose 5 percent. Exports to Russia increased by 53 percent while imports from there increased by 15 percent.

Exports to Asia increased 19 percent while imports from that region decreased 5 percent. Exports to China increased 15 percent while imports from there rose 3 percent. Exports to the US decreased 4 percent while US imports dropped by 1 percent.
News source: Statistic Sweden



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