2017.03.2804:29:00UTC+00Sweden Foreign Trade Balanced In February

Sweden's foreign trade balanced in February from a year ago, as exports and imports grew at a same pace, figures from Statistics Sweden showed Tuesday.

The trade balance came in at SEK 0.0 billion in February versus a deficit of SEK 0.2 billion in the corresponding month last year. Meanwhile, economists had expected a surplus of SEK 2.0 billion for the month.

In January, the trade balance showed a surplus of SEK 0.6 billion.

Compared with February 2016, both exports and imports climbed by 7.0 percent in value.

Trade with countries outside the EU resulted in a surplus of SEK 13.4 billion, while EU trade ended in a deficit of SEK 13.4 billion.

On a seasonally adjusted basis, the net trade deficit widened to SEK 1.0 billion in February from SEK 0.9 billion in January.