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. source: Statistics Sweden
Balance of Trade in Sweden averaged 3397.75 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 June of 2022.
Balance of Trade in Sweden is expected to be 4200.00 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 1600.00 SEK million in 2023, according to our econometric models.