Sweden Balance of Trade  1960-2018 | Data | Chart | Calendar | Forecast

Swedish trade gap widened to SEK 3 billion in November of 2017 from a SEK 2.1 billion deficit a year earlier. Exports went up 4.4 percent to SEK 118 billion while imports rose at a faster 5.1 percent to a record high of 121 billion. Trade with countries outside the EU resulted in a surplus of SEK 16.6 billion, while EU trade resulted in a deficit of SEK 19.6 billion. Seasonally adjusted, the net trade deficit amounted to SEK 0.5 billion in November 2017, compared with a deficit of SEK 0.4 billion in October 2017. Balance of Trade in Sweden averaged 3601.03 SEK million from 1960 until 2017, reaching an all time high of 21800 SEK million in March of 2006 and a record low of -10500 SEK million in August of 2016.

Sweden Balance of Trade
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Swedish Trade Gap Narrows in October


The Swedish trade deficit narrowed to SEK 3.1 billion in October 2017 from SEK 3.5 billion in the same month a year earlier.

In October, Swedish exports of goods increased by 10 percent year-on-year to SEK 114.3 billion, while imports of goods rose by 10 percent to SEK 117.4 billion. 

Trade with countries outside the EU resulted in a surplus of SEK 14.3 billion, while EU trade resulted in a deficit of SEK 17.4 billion.

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

Considering January to October, the country's trade gap narrowed to SEK 4.3 billion from SEK 11.2 billion in the same period of 2016. Exports increased by 11 percent from the previous year to SEK 1074.0 billion and imports rose by 10 percent to SEK 1078.3 billion.


Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/28/2017 8:49:44 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-26 07:30 AM Balance of Trade SEK2.6B SEK-6.60B SEK 2.5B
2017-11-28 08:30 AM Balance of Trade SEK-3.1B SEK3.2B SEK-2.8B
2017-12-28 08:30 AM Balance of Trade SEK-3B SEK-1.2B SEK-2.2B
2018-01-26 08:30 AM Balance of Trade SEK-3B SEK-1.0B
2018-02-27 08:30 AM Balance of Trade SEK -0.022B
2018-03-27 07:30 AM Balance of Trade SEK -1.1B


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -3000.00 -1200.00 21800.00 -10500.00 SEK million [+]
Exports 118000.00 116200.00 119100.00 970.00 SEK million [+]
Imports 121000.00 117400.00 121000.00 1020.00 SEK million [+]
Current Account 50.70 34.20 82.30 -15.90 SEK Billion [+]
Current Account to GDP 4.70 4.70 8.20 -3.30 percent [+]
External Debt 125527.00 128029.00 426313.00 0.00 SEK Million [+]
Terms of Trade 100.79 100.81 125.65 93.45 Index Points [+]
Foreign Direct Investment 52955.00 23783.00 349007.00 -69772.00 SEK Million [+]
Capital Flows -59.10 152.70 167.40 -104.10 SEK Billion [+]
Remittances 15.10 19.30 19.30 3.50 SEK Billion [+]
Gold Reserves 125.72 125.72 185.42 125.72 Tonnes [+]
Weapons Sales 249.00 185.00 903.00 15.00 USD Million [+]
Terrorism Index 3.76 3.98 3.98 0.01 [+]

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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3000.00 -1200.00 21800.00 -10500.00 1960 - 2017 SEK million Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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