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. source: Statistics Sweden

Balance of Trade in Sweden averaged 3406.71 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 June 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
2022-04-27 06:00 AM Mar SEK4.7B SEK1.5B SEK 1.2B
2022-05-30 06:00 AM Apr SEK-1.8B SEK4.7B SEK5.1B
2022-06-28 06:00 AM May SEK-1.8B SEK-2.3B


Related Last Previous Unit Reference
Balance of Trade -1800.00 4700.00 SEK million Apr 2022
Current Account 57.50 70.30 SEK Billion Mar 2022
Imports 157400.00 178200.00 SEK million Apr 2022
Exports 155600.00 182900.00 SEK million Apr 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
-1800.00 4700.00 21900.00 -11100.00 1960 - 2022 SEK million Monthly

News Stream
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
Sweden Trade Surplus Narrows Sharply
Sweden’s trade surplus shrank sharply to SEK 1.0 billion in February 2022 from SEK 1.0 billion in the corresponding month of the previous year. Exports rose 22 percent from a year earlier to SEK 150.6 billion and imports expanded at a faster 27 percent to SEK 149.6 billion. There were as many weekdays in February 2022 as in February 2021. For the first two months of the year, the country posted a trade gap of SEK 0.1 billion, with exports amounting SEK 292 billion and imports at SEK 292.1 billion.
2022-03-28