2018.02.2706:12:00UTC+00Sweden Trade Balance Turns To Deficit In January

Sweden's foreign trade balance turned to a deficit in January from a surplus in the previous year, figures from Statistics Sweden showed Tuesday.

The trade balance came in at a shortfall of SEK 1.8 billion in January versus a surplus of SEK 0.9 billion in the corresponding month last year.

Both exports and imports surged by 12.0 percent and 14.0 percent, respectively in January from a year ago.

Trade with countries outside the EU resulted in a surplus of SEK 12.8 billion, while EU trade showed a deficit of SEK 14.6 billion.

On a seasonally adjusted basis, the net trade deficit totaled SEK 1.7 billion in January versus SEK 0.5 billion shortfall in December.