Sweden Balance of Trade  1960-2017 | Data | Chart | Calendar | Forecast

The Swedish trade balance turned into a SEK 4.2 billion surplus in June of 2017 compared to a SEK 0.2 billion deficit a year earlier. Yet, it is the highest trade surplus in two years, as exports jumped 10 percent while imports rose at a slower 6 percent. Considering the first half of 2017, the country's trade surplus widened to SEK 3.4 billion from a SEK 1.1 billion a year earlier. Both exports and imports jumped 11 percent. Balance of Trade in Sweden averaged 3643.94 SEK million from 1960 until 2017, reaching an all time high of 21900 SEK million in March of 2006 and a record low of -10100 SEK million in August of 2016.

Sweden Balance of Trade
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Sweden Trade Surplus at 2-year High


The Swedish trade balance turned into a SEK 4.2 billion surplus in June of 2017 compared to a SEK 0.2 billion deficit a year earlier. Yet, it is the highest trade surplus in two years, as exports jumped 10 percent while imports rose at a slower 6 percent. Considering the first half of 2017, the country's trade surplus widened to SEK 3.4 billion from a SEK 1.1 billion a year earlier. Both exports and imports jumped 11 percent.

In June, exports amounted to SEK 114 billion and imports were at SEK 109.8 billion. Trade with countries outside the EU resulted in a surplus of SEK 17.2 billion, while EU trade resulted in a deficit of SEK 13.0 billion.

The number of weekdays in June 2017 was the same as in June 2016.

On a seasonally adjusted basis, the trade deficit narrowed to SEK 0.7 billion from SEK 1.2 billion in May. The corresponding figure for April was a SEK 1.5 billion gap.

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
7/26/2017 8:02:41 AM


Recent Releases

Sweden Trade Balance Swings to Surplus In May
Sweden posted a SEK 2.8 billion trade surplus in May of 2017 compared with a SEK 3.6 billion gap a year ago. Year-on-year, exports rose 18 percent and imports increased at a slower 11 percent. Trade with countries outside the EU resulted in a surplus of SEK 15.1 billion, while EU trade resulted in a deficit of SEK 12.3 billion.
Published on 2017-06-27

Sweden Trade Balance Swings To Deficit In April
Sweden posted a SEK 2.6 billion trade deficit in April of 2017 compared with a SEK 2.5 billion surplus a year ago. Exports rose 1 percent year-on-year to SEK 100.2 billion and imports increased at a faster 6 percent to SEK 102.8 billion. Trade with countries outside the EU resulted in a surplus of SEK 11.3 billion, while EU trade resulted in a deficit of SEK 13.9 billion. It is important to mention that there were three weekdays fewer in April 2017 than in April 2016. In the period January-April, the country recorded a SEK 2 billion gap compared with a SEK 4.9 billion surplus in the same period of 2016.
Published on 2017-05-29

Swedish Trade Balance Swings To Deficit In March
Swedish trade balance posted a SEK 0.8 billion deficit in March 2017 compared with a SEK 1.8 billion surplus in the same month of the previous year and missing market expectations of a SEK 2.0 billion surplus. Exports rose by 15 percent year-on-year to SEK 119.2 billion and imports increased at a faster 18 percent to SEK 120.0 billion.
Published on 2017-04-27

Sweden Trade Account In Balance In February
Swedish trade balance was recorded at SEK 0.0 billion in February of 2017 compared to a SEK 0.2 bilion deficit in the same month of the previous year, as both exports and imports rose 7 percent.
Published on 2017-03-28



Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-29 07:30 AM Apr SEK-2.6B SEK 0.3B SEK 2.2B
2017-06-27 07:30 AM May SEK 2.8B SEK-3.2B SEK-4.2B
2017-07-26 07:30 AM Jun SEK 4.2B SEK 1.8B SEK 0.5B
2017-08-28 07:30 AM Jul SEK 4.2B
2017-09-27 07:30 AM Aug
2017-10-26 07:30 AM Sep


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade 4200.00 1800.00 21900.00 -10100.00 SEK million [+]
Exports 114000.00 115100.00 119100.00 970.00 SEK million [+]
Imports 109800.00 113300.00 119000.00 1020.00 SEK million [+]
Current Account 47.50 57.90 82.30 -15.90 SEK Billion [+]
Current Account to GDP 4.70 4.70 8.20 -3.30 percent [+]
External Debt 134455.00 134046.00 426313.00 0.00 SEK Million [+]
Terms of Trade 101.52 101.96 125.65 93.45 Index Points [+]
Foreign Direct Investment 37914.00 10664.00 349007.00 -69772.00 SEK Million [+]
Capital Flows -111.80 27.30 167.40 -111.80 SEK Billion [+]
Remittances 15.40 14.70 19.30 3.50 SEK Billion [+]
Gold Reserves 125.72 125.72 185.42 125.72 Tonnes [+]
Crude Oil Production 0.00 0.00 0.08 0.00 BBL/D/1K [+]
Terrorism Index 3.98 3.08 3.98 0.01 [+]
Weapons Sales 249.00 185.00 903.00 15.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Sweden Balance of Trade Notes

Sweden exports mostly machinery, motor vehicles, paper products, pulp and wood, iron, steel products, chemicals. The country imports machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing. European Union is by far its largest trading partner accounting for about 61% of exports and 72% of imports. Norway, Russia, The United States and China play also an important role. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4200.00 1800.00 21900.00 -10100.00 1960 - 2017 SEK million Monthly



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17