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Sweden December Trade Balance Widens

Sweden's foreign trade balance in December widened from a year ago, figures from Statistics Sweden showed on Monday.

The trade deficit rose to SEK 4.7 billion in December from SEK 4 billion in the corresponding month last year. In November, trade balance showed a surplus of SEK 2.8 billion.

On a yearly basis, exports grew 1.0 percent and imports grew by 2.0 percent in December.

Non-EU trade resulted in a surplus of SEK 12.4 billion, while EU trade showed a deficit of SEK 17.1 billion.

Seasonally adjusted, the net trade deficit totaled SEK 1.4 billion in December versus SEK 1.1 billion in November.

During the whole year 2018, net trade deficit of the country was SEK 32.9 billion compared to SEK 10.7 billion in 2017. Exports rose 10 percent and imports grew 12 percent.

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