Sweden Trade Balance Turns To Surplus In September

(RTTNews) - Sweden's foreign trade balance swung to a surplus in September from a deficit in the previous year as exports rose amid a fall in imports, figures from Statistics Sweden showed on Tuesday.

The trade balance showed a surplus of SEK 5.4 billion in September versus a shortfall of SEK 0.2 billion in the corresponding month last year.

In August, the trade balance posted a deficit of SEK 8.1 billion.

On an annual basis, exports climbed 2.0 percent over the year, while imports declined by 1.0 percent.

The non-EU trade balance showed a surplus of SEK 22.3 billion in September, while the trade balance with the EU revealed a deficit of SEK 16.9 billion.

On a seasonally adjusted basis, the trade surplus was SEK 5.0 billion in September, compared to SEK 5.3 billion in the previous month.