(Correction: In the earlier version, it was inadvertently mentioned Italy in the place of Sweden in the fourth paragraph. The corrected version follows:

Sweden recorded a trade surplus of SEK8.1 billion in March, lower than a surplus of SEK9.5 billion in February, a report by Statistics Sweden said Monday. A year, earlier, in March, the trade surplus stood at SEK9.4 billion.

Exports declined 10% in value year-on-year to SEK90.5 billion, while imports dropped 9% to SEK82.4 billion.

During the month, the country recorded a trade surplus of SEK12.5 billion with the non-EU countries, while it registered a deficit of SEK4.4 billion with the EU countries.

On a seasonally adjusted basis, Sweden's trade surplus stood at SEK7.8 billion in April, unchanged from March.

Meanwhile, there was a net surplus of SEK24.7 billion in the January to March period. Exports fell 19%, while imports declined 18%.

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