Sweden Balance of Trade 1960-2014 | Data | Chart | Calendar | Forecast

Sweden recorded a trade deficit of 2800 SEK million in August of 2014. Balance of Trade in Sweden averaged 3851.40 SEK million from 1960 until 2014, reaching an all time high of 21900 SEK million in March of 2006 and a record low of -4210 SEK million in August of 1982. Balance of Trade in Sweden is reported by the Statistics Sweden.


Sweden Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2800.00 2400.00 21900.00 -4210.00 1960 - 2014 SEK million Monthly
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 - Sweden Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Sweden Balance of Trade - was last refreshed on Sunday, October 26, 2014.

Sweden Trade Balance Swings to Deficit in August

Swedish reported a trade deficit SEK 2.8 billion in August of 2014 compared to SEK 1.9 billion surplus a year ago, as exports remained unchanged while imports grew faster. In July, the country posted a revised SEK 2.4 billion trade surplus.

The value of exports in August of 2014 amounted to SEK 84.2 billion while imports were valued at SEK 87.0 billion. Compared to August of 2013, exports remained unchanged in percentage terms, while imports increased by 6 percent.

Trade with countries outside the EU resulted in a surplus of SEK 4.9 billion, while the EU trade resulted in a deficit of SEK 7.7 billion.

In August of 2014, the number of weekdays was one less comparing to the same month of the previous year.

During January - August 2014, exports increased by 2 percent while imports rose 4 percent compared to the corresponding period one year ago. Exports amounted to SEK 734.4 billion, and imports were valued at SEK 712.2 billion, resulting in a trade surplus of SEK 22.2 billion. The corresponding surplus for these months one year earlier was SEK 37.8 billion.

Statistics Sweden l Ridal rida@tradingeconomics.com
9/26/2014 9:05:40 AM

Recent Releases

Sweden Trade Surplus Narrows in July
Swedish trade surplus fell to SEK 1.9 billion in July of 2014, following a revised SEK 5.4 billion surplus in the previous month and SEK 3.8 billion a year ago, as imports grew faster than exports. Published on 2014-08-27

Sweden Trade Balance Returns to Surplus
The Swedish foreign trade in goods resulted in a trade surplus of SEK 5.2 billion in June of 2014, following a revised SEK 0.2 billion gap in the previous month. In June of 2013 the trade surplus was SEK 3.9 billion. Published on 2014-07-25

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-27 08:30 AM Sweden
Balance of Trade
May 2014 SEK 0.2B SEK 4.1B (R) SEK 6.5B
2014-07-25 08:30 AM Sweden
Balance of Trade
Jun 2014 SEK 5.2B SEK -0.2B (R) SEK 3.5B
2014-08-27 08:30 AM Sweden
Balance of Trade
Jul 2014 SEK 1.9B SEK 5.4B (R) SEK 5.4B SEK 5.4B
2014-09-26 08:30 AM Sweden
Balance of Trade
Aug 2014 SEK -2.8B SEK 2.4B (R) SEK 3.0B SEK 2.4B (R)
2014-10-28 08:30 AM Sweden
Balance of Trade
Sep 2014 SEK -2.8B SEK 1.9B

Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -2800.00 2400.00 21900.00 -4210.00 SEK million [+]
Exports 84200.00 87300.00 112900.00 970.00 SEK million [+]
Imports 87000.00 84900.00 105200.00 1020.00 SEK million [+]
Current Account 48.70 61.37 89.59 -15.88 SEK Billion [+]
Current Account to GDP 6.20 6.00 9.30 -3.30 Percent [+]
External Debt 184873.00 184024.00 426313.00 0.00 SEK Million [+]
Terms of Trade 96.97 96.98 125.65 93.45 Index Points [+]
Foreign Direct Investment 73096.00 110666.00 505124.00 -462.00 SEK million [+]
Remittances 83.00 93.00 106.00 7.00 EUR Million [+]
Gold Reserves 125.72 125.72 185.42 125.72 Tonnes [+]