Sweden's trade balance shifted to a deficit of SEK 2.1 billion in July 2022 from a surplus of SEK 7.0 billion in the same month of the prior year, with imports rising faster than exports. Inbound shipments jumped 29.0 percent yoy to SEK 155.3 billion while exports grew 21.0 percent to SEK 153.2 billion. For the first seven months of the year, the country registered a trade shortfall of SEK 4.5 billion, reversing from a large surplus of SEK 33.5 billion in the corresponding period in 2021. source: Statistics Sweden

Balance of Trade in Sweden averaged 3386.57 SEK million from 1960 until 2022, reaching an all time high of 21900 SEK million in March of 2006 and a record low of -11100 SEK million in August of 2021. 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 2022.

Balance of Trade in Sweden is expected to be 6700.00 SEK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Balance of Trade is projected to trend around -2600.00 SEK Million in 2023 and -2000.00 SEK Million in 2024, according to our econometric models.

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Sweden Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-27 06:00 AM Jun SEK3.1B SEK-3.7B SEK 4.2B
2022-08-29 06:00 AM Jul SEK-2.1B SEK2.7B SEK1.5B
2022-09-27 06:00 AM Aug SEK-2.1B SEK-6.7B


Related Last Previous Unit Reference
Balance of Trade -2100.00 2700.00 SEK Million Jul 2022
Current Account 36.00 42.80 SEK Billion Jun 2022
Imports 155300.00 179100.00 SEK Million Jul 2022
Exports 153200.00 181800.00 SEK Million Jul 2022
Terms of Trade 95.18 97.54 points Jul 2022
Capital Flows -78.00 159.80 SEK Billion Jun 2022
Remittances 17.70 17.50 SEK Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2100.00 2700.00 21900.00 -11100.00 1960 - 2022 SEK Million Monthly

News Stream
Sweden Posts Trade Gap in July
Sweden's trade balance shifted to a deficit of SEK 2.1 billion in July 2022 from a surplus of SEK 7.0 billion in the same month of the prior year, with imports rising faster than exports. Inbound shipments jumped 29.0 percent yoy to SEK 155.3 billion while exports grew 21.0 percent to SEK 153.2 billion. For the first seven months of the year, the country registered a trade shortfall of SEK 4.5 billion, reversing from a large surplus of SEK 33.5 billion in the corresponding period in 2021.
2022-08-29
Swedish Trade Surplus Narrows Sharply in June
Sweden's trade surplus narrowed sharply to SEK 3.1 billion in June 2022 from SEK 8.8 billion in the corresponding month of the previous year, amid surging in imports, as domestic demand strengthened following the resumption of normal economic activity in the wake of COVID-19 disruptions. Exports increased by 26 percent from a year earlier to a three-month high of SEK 181.7 billion, while imports rose at a much faster 32 percent to a three-month high of SEK 178.6 billion. For the first half of the year, the trade surplus plunged to SEK 0.5 billion from SEK 26.5 billion in H1 of 2021.
2022-07-27
Swedish Trade Balance Swings to Deficit
Sweden posted a trade deficit SEK 1.9 billion in May 2022, shifting from SEK 3.5 billion surplus in the corresponding month of the previous year. This was the second straight month of deficit in trade balance, amid soaring imports, as domestic demand strengthened following the resumption of normal economic activity in the wake of COVID-19 disruptions. Exports grew by 27 percent from a year earlier to SEK 169.8 billion, while imports surged 32 percent to SEK 171.7 billion. For the first five months of the year, exports and imports were both valued at SEK 802.0 billion, resulting in a net trade of 0.0 billion.
2022-06-28