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Financial News: Sweden Trade Deficit Widens In November

Sweden Trade Deficit Widens In November

12/28/2017 - 04:17:00 (RTTNews)

(RTTNews) - Sweden's trade deficit widened in November, figures from Statistics Sweden showed Thursday.

The trade deficit totaled SEK 3 billion in November compared to a SEK 2.1 billion shortfall a year ago. The deficit came in at SEK 1.2 billion in October.

Exports grew 4 percent annually to SEK 118.0 billion and imports rose 5 percent to SEK 121.0 billion.

The trade deficit rose to a seasonally adjusted SEK 0.5 billion in November from SEK 0.4 billion in October.

Trade with countries outside the EU resulted in a surplus of SEK 16.6 billion versus SEK 14.4 billion surplus in October. Meanwhile, the trade deficit with EU nations rose to SEK 19.6 billion from SEK 15.6 billion.

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