The trade gap in Sweden rose to SEK 8.4 billion in October of 2018 from SEK 1.5 billion in the corresponding month of the previous year. October 2018 had one more working day than October 2017. Exports went up 16.1 percent from a year earlier to SEK 135.2 billion while imports increased at a faster 21.7 percent to SEK 143.6 billion. The European Union trade resulted in a deficit of SEK 18.4 billion, while trade with countries outside the European Union resulted in a surplus of SEK 10 billion. Seasonally adjusted, the trade deficit widened to SEK 3.9 billion in October from SEK 3.2 billion in September. Balance of Trade in Sweden averaged 3492.37 SEK million from 1960 until 2018, reaching an all time high of 21800 SEK million in March of 2006 and a record low of -10500 SEK million in August of 2016.

Balance of Trade in Sweden is expected to be -3700.00 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 -600.00 in 12 months time. In the long-term, the Sweden Balance of Trade is projected to trend around -2000.00 SEK million in 2020, according to our econometric models.

Sweden Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-28 07:30 AM Balance of Trade SEK0.0B SEK-0.3B SEK-1.6B
2018-09-26 07:30 AM Balance of Trade SEK-5.3B SEK-0.7B SEK-5.8B
2018-10-26 07:30 AM Balance of Trade SEK1.4B SEK-7.7B SEK 1.2B
2018-11-27 08:30 AM Balance of Trade SEK-8.4B SEK2.3B SEK-1.4B
2018-12-28 08:30 AM Balance of Trade SEK-8.4B SEK 0.5B
2019-01-28 08:30 AM Balance of Trade SEK -3.7B
2019-02-27 08:30 AM Balance of Trade


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -8400.00 2300.00 21800.00 -10500.00 SEK million [+]
Current Account 38.60 4.10 82.30 -15.90 SEK Billion [+]
Current Account to GDP 3.20 4.20 8.20 -3.30 percent [+]
Imports 143600.00 120900.00 143600.00 1020.00 SEK million [+]
Exports 135200.00 123200.00 135200.00 970.00 SEK million [+]
External Debt 8815.10 8882.60 8882.60 1853.60 SEK Billion [+]
Terms of Trade 99.29 99.30 125.65 93.45 Index Points [+]
Foreign Direct Investment 54.60 15.60 349.00 -69.80 SEK Billion [+]
Capital Flows -88.40 50.10 162.90 -153.10 SEK Billion [+]
Remittances 16.70 18.10 20.10 3.50 SEK Billion [+]
Gold Reserves 125.70 125.70 185.42 125.70 Tonnes [+]
Terrorism Index 3.76 3.98 3.98 0.01 [+]
Weapons Sales 83.00 267.00 898.00 15.00 USD Million [+]

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



Sweden Balance of Trade

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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-8400.00 2300.00 21800.00 -10500.00 1960 - 2018 SEK million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13952.30 Oct/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -2047.00 Nov/18
Italy 3784.00 Oct/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 3799.41 Nov/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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