Norwegian Cross Border Trade Plummets 87.5% Due To COVID-19
Norwegian consumers spent 87.5% less in Sweden last year, as COVID-19 restrictions led to cross-border trade being decimated, new data has shown.
According to a report by HUI Research in association with retail representative group Svensk Handel, cross-border trade between Norway and Sweden increased by SEK 2.3 billion (€220 million) between 2017 and 2019, to be valued at SEK 27.9 billion (€2.72 billion), before the pandemic struck.
The report also states that some 7,200 jobs were created in Sweden as a result of this cross-border trade.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!