Sweden's Trade Deficit Widens In August

Sweden's Trade Deficit Widens In August

Sweden's trade deficit increased sharply in August, Statistics Sweden reported Wednesday.

The trade deficit totaled SEK 5.3 billion in August compared to July's SEK 0.7 billion shortfall. Nonetheless, the deficit narrowed from SEK 6.7 billion logged a year ago.

On a yearly basis, exports advanced 15 percent and imports grew 12 percent in August.

Goods trade with countries outside the EU resulted in a surplus of SEK 4.3 billion, while EU trade resulted in a deficit of SEK 9.6 billion.

Seasonally adjusted, the net trade deficit fell to SEK 1.3 billion in August from SEK 2.0 billion in July.

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