The fall is believed to be tied to a strong Swedish currency and weak competitiveness on the trade market. Photo: Bertil Ericson / TT.

Swedish exports fall by 7 percent

Swedish export of goods dropped by 7 percent in the past year according to new figures from Statistics Sweden. The amount exported to Great Britain went down by 21 percent and the amount exported to the US dropped by 10 percent.

The fall in exports is believed to be tied to a strong Swedish currency and weak competitiveness on the trade market. Sweden was one out of only five EU countries that reported decreasing export last year, news agency TT report.

Sweden's balance of trade is shrinking, but stil stands at SEK 51 billion.

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