FX.co ★ Sweden Trade Balance Swings To Deficit In April

Sweden's trade balance showed a deficit in April versus a surplus in the previous year, as imports grew faster than exports, figures from Statistics Sweden showed on Monday.

The trade balance swung to a deficit of SEK 1.8 billion in April from a surplus of SEK 1.6 billion in the corresponding month last year. In March, there was a surplus of SEK 4.7 billion.

Both exports and imports climbed by 18.0 percent and 21.0 percent, respectively in April from last year.

The non-EU trade balance showed a surplus of SEK 12.0 billion in April, while the trade balance with the EU revealed a deficit of SEK 13.8 billion.

On a seasonally adjusted basis, the trade deficit was SEK 2.5 billion in April compared to a deficit of SEK 1.9 billion in March.