Sweden’s food trade gap widened in 1999 – Brief Article

Sweden’s food trade gap widened in 1999 – Brief Article – Statistical Data Included

Sweden’s trade gap in food and agricultural products rose by SKr1bn (119.9m [European dollar]) to SKr21.77bn in 1999 after imports had increased by 4% to SKr40.96bn and food exports by 3.6% to SKr19.19bn, figures from the National Board of Agriculture showed. Imports of fish and crayfish products showed the strongest gain, increasing by 16% to SKr6.1bn. Exports of the same products also increased by 16% to SKr3.7bn. Sweden is a large importer of Norwegian fish, some of which is later re-exported to other EU states. Imports of meat and meat products rose by 13% to Skr3.3 billion, while exports of the same category was flat at SKr1.0bn. Imports of dairy products rose by 9% to SKrl.9bn. Dairy exports slipped 5% to SKr1.6 billion. Coffee, tea and cocoa imports fell by 20%, mainly due to lower coffee prices. The only bright spot on the export side was a 26% increase in shipments of alcoholic beverages to SKr2.7bn. The increase is due to the global success of the Swedish Absolut vodka. EU trading partners grabbed an even larger piece of the action and accounted for 69% of all exports to Sweden in 1999 at a value ofSKr28.1bn. Swedish exports to the same EU partners were however almost stagnant at SKr11.7bn. The biggest non-EU food exporter to Sweden in 1999 was Norway. The US topped the importers, buying food and agricultural products for SKr2.5bn.

COPYRIGHT 2000 Agra Europe Ltd.

COPYRIGHT 2000 Gale Group