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

The Swedish trade deficit narrowed to SEK 5.4 billion in August 2017 from SEK 10.1 billion in the same month a year earlier. Exports rose by 13 percent to SEK 99.9 billion while imports increased at a slower 7 percent to SEK 105.3 billion. Considering the first eight months of the year, the country's trade gap narrowed to SEK 0.7 billion from a SEK 9.0 billion in the same period of 2016. Balance of Trade in Sweden averaged 3627.62 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 Deficit Narrows in August


The Swedish trade deficit narrowed to SEK 5.4 billion in August 2017 from SEK 10.1 billion in the same month a year earlier.

In August, Swedish exports of goods increased by 13 percent year-on-year to SEK 99.9 billion, while imports of goods rose at a slower 7 percent to SEK 105.3 billion. 

Trade with countries outside the EU resulted in a surplus of SEK 7.3 billion, while EU trade resulted in a deficit of SEK 12.7 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 0.5 billion in August 2017, compared with a deficit of SEK 0.6 billion in July 2017. The corresponding figure for June 2017 was a deficit of SEK 0.7 billion.

Considering the first eight months of the year, the country's trade gap narrowed to SEK 0.7 billion from a SEK 9.0 billion in the same period of 2016. Exports increased by 12 percent from the previous year to SEK 847.3 billion and imports rose by 10 percent to SEK 848.0 billion.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/27/2017 8:17:33 AM


Recent Releases

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.
Published on 2017-08-28

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



Calendar GMT Actual Previous Consensus TEForecast
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-5.40B SEK-1.90B SEK -7.4B
2017-10-26 07:30 AM Balance of Trade SEK-5.40B
2017-11-28 08:30 AM Balance of Trade
2017-12-28 08:30 AM Balance of Trade


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -5400.00 -1900.00 21800.00 -10100.00 SEK million [+]
Exports 99900.00 93200.00 119200.00 970.00 SEK million [+]
Imports 105300.00 95100.00 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 129337.00 131198.00 426313.00 0.00 SEK Million [+]
Terms of Trade 100.81 101.25 125.65 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

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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-5400.00 -1900.00 21800.00 -10100.00 1960 - 2017 SEK million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 113.64 Aug/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17