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Financial News: Sweden Exports Rise Sharply In July

Sweden Exports Rise Sharply In July

08/28/2018 - 06:49:00 (RTTNews)

(RTTNews) - Sweden's exports and imports grew notably in July from a year earlier, figures from Statistics Sweden showed Tuesday.

The value of exports surged 16.0 percent year-over-year in July and imports by 13.0 percent.

As a result, the foreign trade in goods resulted in neither a surplus nor a deficit in July, at SEK 0.0 billion.

In the corresponding month last year, it was a deficit of SEK 1.8 billion.

Trade with countries outside the EU resulted in a surplus of SEK 7.5 billion, while EU trade showed a deficit of SEK 7.5 billion.

On a seasonally adjusted basis, the net trade deficit amounted to SEK 3.1 billion in July, narrowed from SEK 3.4 billion last year.

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