In June, Sweden's foreign trade surplus saw a significant increase compared to the same period last year, due to a sharper decline in imports than exports, according to data released by Statistics Sweden on Friday.
The trade surplus rose to SEK 8.7 billion in June, up from SEK 3.6 billion in the corresponding month of the previous year. This followed a surplus of SEK 10.4 billion in May.
The value of exports decreased by 4.0 percent year-on-year in June, while imports fell by 7.0 percent over the same period.
The trade balance with non-EU countries showed a surplus of SEK 29.7 billion in June. In contrast, the trade balance with EU countries registered a deficit of SEK 21.0 billion.
On a seasonally adjusted basis, the trade surplus amounted to SEK 7.9 billion in June, compared to SEK 6.9 billion in May.
In separate official data, the unemployment rate in Sweden rose to 9.4 percent in June from 8.7 percent in the previous month. This marks the highest unemployment rate since June 2021, when it reached 10.5 percent.
