Sweden's foreign trade balance showed a deficit in November as imports grew faster than exports, figures from Statistics Sweden showed Tuesday.
The trade balance turned to a deficit of SEK 0.7 billion in November from a surplus of SEK 1.1 billion in October. Same month last year, the trade surplus was SEK 3.8 billion.
The seasonally adjusted net trade surplus rose to SEK 0.4 billion in November after logging a SEK 0.2 billion surplus in the previous month.
Trade with the countries outside EU resulted in a surplus of SEK 10.5 billion, while the EU trade resulted in a deficit of SEK 11.2 billion.
The value of exports was unchanged from last year at SEK 94.9 billion while imports grew by 5 percent to SEK 95.6 billion.
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