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 July 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.

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Sweden Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 06:00 AM Apr SEK-1.8B SEK4.7B SEK5.1B
2022-06-28 06:00 AM May SEK-1.9B SEK-3.2B SEK-2.3B
2022-07-27 06:00 AM Jun SEK-1.9B SEK 4.2B


Related Last Previous Unit Reference
Balance of Trade -1900.00 -3200.00 SEK million May 2022
Current Account 57.50 70.30 SEK Billion Mar 2022
Imports 171700.00 159300.00 SEK million May 2022
Exports 169800.00 156100.00 SEK million May 2022
Terms of Trade 98.47 97.00 points May 2022
Capital Flows 159.80 -193.50 SEK Billion Mar 2022
Remittances 17.70 17.50 SEK Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1900.00 -3200.00 21900.00 -11100.00 1960 - 2022 SEK million Monthly

News Stream
Swedish Trade Balance Swings to Deficit
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.
2022-06-28
Sweden Posts Trade Deficit in April
Sweden's trade deficit registered at SEK 1.8 billion in April 2022 from SEK 1.8 billion surplus in the corresponding month of the previous year. This was the first April trade deficit since April 2019, when it was at SEK 0.4 billion. Exports in April of 2022 rose by 18 percent from a year earlier to SEK 155.6 billion, while imports grew 20 percent to SEK 157.4 billion. For the first four months of the year, the country posted a trade surplus of SEK 2.9 billion, with exports amounting to SEK 631.3 billion and imports at SEK 628.4 billion.
2022-05-30
Swedish Trade Surplus Widens
Sweden’s trade surplus increased to SEK 4.7 billion in March 2022 from SEK 3.0 billion in the corresponding month of the previous year. This was the largest trade surplus since last September, as exports rose by 27 percent from a year earlier to SEK 182.8 billion while imports grew 26 percent to SEK 178.1 billion. There were as many weekdays in March 2022 as in March 2021. For the first three months of the year, the country posted a trade surplus of SEK 5.1 billion, with exports amounting SEK 475.3 billion and imports at SEK 470.2 billion.
2022-04-27