Sweden's trade surplus shrank to SEK 2.9 billion in July of 2020 from SEK 6.4 billion in the same month of the previous year. Exports slipped 15.4 percent from a year earlier to SEK 103.8 billion, due to lower sales to the EU (-22.6 percent) and non-EU countries (-6.4 percent). Meantime, imports fell at a softer 13.2 percent to SEK 100.9 billion, dragged down by lower purchases from both EU (-14.4 percent) and non-EU countries (-10.9 percent). Considering the January to July period of 2020, the country’s trade surplus widened to SEK 44.5 billion from SEK 25 billion in the corresponding period a year earlier, as exports went down 8 percent while imports dropped at a faster 10 percent.
Balance of Trade in Sweden averaged 3463.43 SEK million from 1960 until 2020, reaching an all time high of 21900 SEK million in March of 2006 and a record low of -10500 SEK million in August of 2016. This page provides the latest reported value for - Sweden Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Sweden
Balance of Trade in Sweden is expected to be 5800.00 SEK million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sweden to stand at 1300.00 in 12 months time. In the long-term, the Sweden Balance of Trade is projected to trend around -4000.00 SEK million in 2021 and -5000.00 SEK million in 2022, according to our econometric models.