Sweden’s trade balance shifted to a SEK 6.7 billion surplus in July 2019 from a SEK 1.2 billion deficit in the same month of the previous year. Exports rose 13.2 percent over a year earlier to SEK 122.8 billion while imports increased at a softer 5.8 percent to SEK 116.1 billion. The number of weekdays in July 2019 was one more compared with July 2018. Trade in goods with countries outside the EU resulted in a surplus of SEK 16.2 billion and with the EU trade resulted in a shortfall of SEK 9.5 billion. Considering first seven months of the year, Sweden recorded a SEK 30.9 billion surplus, compared to a SEK 18.2 billion gap in the corresponding period of 2018. Balance of Trade in Sweden averaged 3487.71 SEK million from 1960 until 2019, 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.

Balance of Trade in Sweden is expected to be -600.00 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 2100.00 in 12 months time. In the long-term, the Sweden Balance of Trade is projected to trend around -4000.00 SEK million in 2020, according to our econometric models.

Sweden Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-28 07:30 AM Balance of Trade Apr SEK1.4B SEK6.4B SEK-5.6B
2019-06-27 07:30 AM Balance of Trade May SEK8.3B SEK1.2B SEK-4.8B
2019-07-26 07:30 AM Balance of Trade Jun SEK2.9B SEK7.9B SEK 3B
2019-08-27 07:30 AM Balance of Trade Jul SEK6.7B SEK2.1B SEK-1.8B
2019-09-26 07:30 AM Balance of Trade Aug SEK6.7B SEK-8.4B
2019-10-28 07:30 AM Balance of Trade Sep SEK -0.6B
2019-11-27 08:30 AM Balance of Trade Oct SEK-7.6B


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade 6700.00 2100.00 21900.00 -10500.00 SEK million [+]
Current Account 37.00 59.10 82.30 -15.90 SEK Billion [+]
Current Account to GDP 2.00 3.20 8.20 -3.30 percent [+]
Imports 116100.00 120400.00 144500.00 1020.00 SEK million [+]
Exports 122800.00 122500.00 137600.00 970.00 SEK million [+]
External Debt 8300.70 8349.10 8942.40 1853.60 SEK Billion [+]
Terms of Trade 101.22 100.52 125.65 93.45 Index Points [+]
Capital Flows 9.80 -69.30 162.90 -152.20 SEK Billion [+]
Foreign Direct Investment 43.70 63.30 349.00 -69.80 SEK Billion [+]
Remittances 19.40 18.80 20.00 3.50 SEK Billion [+]
Gold Reserves 125.72 125.70 185.42 125.70 Tonnes [+]
Terrorism Index 3.94 3.76 3.98 0.01 [+]
Weapons Sales 134.00 84.00 898.00 13.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6700.00 2100.00 21900.00 -10500.00 1960 - 2019 SEK million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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