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.

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Sweden Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2900.00 5600.00 21900.00 -10500.00 1960 - 2020 SEK million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 07:30 AM Apr SEK7.6B SEK5.2B SEK1.5B
2020-06-29 07:30 AM May SEK2.4B SEK5.4B SEK 6.8B SEK5B
2020-07-28 07:30 AM Jun SEK4.9B SEK1.9B SEK3.2B
2020-08-27 07:30 AM Jul SEK2.9B SEK5.6B SEK3.4B
2020-09-28 07:30 AM Aug SEK2.9B SEK0.5B
2020-10-27 08:30 AM Sep SEK 5.8B
2020-11-27 08:30 AM Oct
2020-12-29 08:30 AM Nov


News Stream
Swedish Trade Surplus Narrows in July
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.
2020-08-27
Sweden Trade Surplus Widens in June
Sweden's trade surplus widened to SEK 4.9 billion in June 2020 from SEK 1.6 billion in the same month of the previous year. Imports dropped 5.3 percent over a year earlier to SEK 114.1 billion, due to lower purchases from the EU (-7.4 percent) and non-EU countries (-0.3 percent). Exports fell 2.5 percent to SEK 119 billion, as sales to the EU declined (-14.4 percent) while those to non-EU countries rose (14.2 percent). Considering the first half of the year, the country's trade surplus went up to SEK 41.4 billion from SEK 18.6 billion in the corresponding period a year earlier, as exports decreased 7 percent and imports declined at a faster 10 percent.
2020-07-28
Swedish Trade Surplus Smallest in 5 Months
Sweden's trade surplus fell to SEK 2.4 billion in May of 2020 from SEK 6.1 billion in the corresponding month of the previous year and far below market expectations of a SEK 6.8 billion surplus. That was the smallest monthly trade surplus since December, as exports slipped 25.7 percent to SEK 101.5 billion, amid lower shipments to the EU (-35.4 percent) and non-EU countries (-12.6 percent). Meantime, imports declined 24.4 percent to SEK 99.1 billion, due to reduced purchases from the EU (-29.8 percent) and non-EU countries (-10 percent). Considering the first five months of the year, the country's trade surplus rose to SEK 37.1 billion from SEK 17 billion in the same period a year ago, as imports and exports were down 11 percent and 7 percent, respectively.
2020-06-29
Swedish Trade Surplus Narrows in March
Sweden's trade surplus narrowed to SEK 4.1 billion in March 2020 from SEK 5.3 billion in the corresponding month of the previous year, as exports decreased by 2.1 percent due to lower sales to the EU (-16.1 percent). Meanwhile, exports to non-EU countries rose by 18.6 percent. Meanwhile, imports fell at a softer 1.3 percent, as purchases from the EU dropped by 7.1 percent. Imports from non-EU countries surged 12.9 percent. Considering the first quarter as a whole, the trade surplus widened to SEK 28.3 billion from SEK 11.0 billion in the same period of 2019.
2020-04-28

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.