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Sweden January Trade Balance Swings To Surplus

Sweden trade balance logged a surplus in January versus a deficit a year ago as exports growth outpaced that of imports, data from Statistics Sweden reported on Wednesday.

The trade surplus totaled SEK 1.2 billion compared to a shortfall of SEK 3.3 billion in in the same month last year. In December, the trade deficit was SEK 7.2 billion.

Exports grew 9 percent year-on-year and imports rose 5 percent.

Non-EU trade in goods resulted in a surplus of SEK 14.8 billion, while EU trade led to a deficit of SEK 13.6 billion.

Seasonally adjusted, trade balance showed a surplus of SEK 0.2 billion in January, compared with a surplus of SEK 0.6 billion in December.

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