Swedish trade surplus rises sharply in November

Sweden's net trade surplus increased substantially in November compared with a year ago due to a boost in exports, the government said Wednesday.

Exports amounted to 105.9 billion kronor (about 15.5 billion U.S. dollars) in November, a year-on-year rise of 23 percent, Statistics Sweden reported.

Imports, meanwhile, amounted to 95.9 billion kronor (about 14 billion dollars), 15 percent more than in November 2009, Statistics Sweden said.

As a result, the net trade balance was 10.0 billion kronor (about 1.5 billion dollars), compared to 2.1 billion kronor (about 306 million dollars) in November 2009, the agency said.

Trade with countries outside the European Union led to a surplus of 16.5 billion kronor (about 2.4 billion dollars), while that with the EU states was in a deficit of 6.5 billion kronor (about 949 million dollars), the agency reported.
(Source:xinhua)