Wednesday, the Statistics Sweden announced that the trade surplus stood at SEK 9.5 billion in February, up from SEK 6.2 billion in January. Economists had predicted a surplus of SEK 8.5 billion. A year ago, the trade surplus was SEK 15.5 billion.

Exports decreased 24% year-on-year to SEK 80.3 billion in February, while imports dropped 22% to SEK 70.8 billion.

On a seasonally adjusted basis, the net trade surplus amounted to SEK 8 billion in February, up from SEK 7.9 billion in January.

During the December to February period, the trade surplus totaled SEK 25.1 billion. At the same time, the value of exports decreased 19% and imports dropped 18%.

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