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

Sweden recorded a trade deficit of SEK 0.5 billion in July of 2017 compared to a SEK 0.0 billion a year earlier. Exports rose 9 percent while imports increased at a faster 10 percent. Considering the first seven months of the year, the country's trade surplus widened to SEK 3.5 billion from a SEK 1.1 billion a year earlier. Both exports and imports jumped 11 percent. Balance of Trade in Sweden averaged 3638.95 SEK million from 1960 until 2017, reaching an all time high of 21800 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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Swedish Trade Balance Swings to Deficit in July


Sweden recorded a trade deficit of SEK 0.5 billion in July of 2017 compared to a SEK 0.0 billion a year earlier. Exports rose 9 percent while imports increased at a faster 10 percent. Considering the first seven months of the year, the country's trade surplus widened to SEK 3.5 billion from a SEK 1.1 billion a year earlier. Both exports and imports jumped 11 percent.

In July, exports amounted to SEK 94 billion and imports were at SEK 94.5 billion. Trade with countries outside the EU resulted in a surplus of SEK 9.7 billion, while EU trade resulted in a deficit of SEK 10.2 billion. 

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

On a seasonally adjusted basis, the trade deficit narrowed to SEK 0.2 billion from SEK 0.6 billion in June. The corresponding figure for May was a SEK 1.0 billion shortfall.

Considering the first seven months of 2017, both exports and imports increased 11 percent compared with the corresponding period one year ago. Exports amounted to SEK 747.6 billion and imports were valued at SEK 744.1 billion, resulting in a net trade surplus of SEK 3.5 billion. The corresponding surplus figure for these period a year earlier was SEK 1.1 billion.

Statistics Sweden |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/28/2017 10:52:36 AM


Recent Releases

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.
Published on 2017-07-26

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



Calendar GMT Actual Previous Consensus TEForecast
2017-06-27 07:30 AM Balance of Trade SEK 2.8B SEK-3.2B SEK-4.2B
2017-07-26 07:30 AM Balance of Trade SEK 4.2B SEK 1.8B SEK 0.5B
2017-08-28 07:30 AM Balance of Trade SEK -0.5B SEK 5.4B SEK 1.5B
2017-09-27 07:30 AM Balance of Trade SEK -0.5B SEK -7.4B
2017-10-26 07:30 AM Balance of Trade
2017-11-28 08:30 AM Balance of Trade


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -500.00 5400.00 21800.00 -10100.00 SEK million [+]
Exports 94000.00 115500.00 119200.00 970.00 SEK million [+]
Imports 94500.00 110100.00 119100.00 1020.00 SEK million [+]
Current Account 39.50 42.20 82.30 -15.90 SEK Billion [+]
Current Account to GDP 4.70 4.70 8.20 -3.30 percent [+]
External Debt 131198.00 134455.00 426313.00 0.00 SEK Million [+]
Terms of Trade 101.25 101.52 125.65 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-500.00 5400.00 21800.00 -10100.00 1960 - 2017 SEK million Monthly



balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 418.77 Jul/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17