Sweden Balance of Trade  1960-2016 | Data | Chart | Calendar | Forecast

Swedish trade deficit decreased to SEK 2.7 billion in October of 2016 compared to a SEK 3.1 billion gap in the same month a year earlier. Exports and imports fell 1 percent to SEK 102.9 billion and SEK 105.6 billion, respectively. Trade with countries outside the EU resulted in a surplus of SEK 12.4 billion, while the EU was a gap of SEK 15.1 billion. Considering the first ten months of the year, Sweden recorded a SEK 6.6 billion deficit, compared to a SEK 15 billion surplus a year earlier. Exports declined 1 percent while imports went up 1 percent. Balance of Trade in Sweden averaged 3689.47 SEK million from 1960 until 2016, reaching an all time high of 21800.00 SEK million in March of 2006 and a record low of -9900.00 SEK million in August of 2016.

Sweden Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-27 07:30 AM Aug SEK -10.3B SEK 0.5B SEK 1.5B
2016-10-26 07:30 AM Sep SEK 3.2B SEK -9.4B SEK 1.4B
2016-11-28 08:30 AM Oct SEK -2.7B SEK 3.2B SEK 0.9B
2016-12-29 08:30 AM Nov SEK -2.7B SEK -2.1B
2017-01-27 08:30 AM Dec -0.2B
2017-02-24 08:30 AM Jan -1.1B




Swedish Trade Gap Narrows In October


Swedish trade deficit decreased to SEK 2.7 billion in October of 2016 compared to a SEK 3.1 billion gap in the same month a year earlier.

The value of exports in October 2016 amounted to SEK 102.9 billion, while imports were valued at SEK 105.6 billion. Compared to October 2015, exports and imports decreased by 1 percent.

Trade with countries outside the EU resulted in a surplus of SEK 12.4 billion, while the EU trade resulted in a deficit of SEK 15.1 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 0.4 billion in October 2016, compared with a deficit of SEK 0.5 billion in September 2016. The corresponding figure for August 2016 was a deficit of SEK 0.6 billion.

During January–October, the value of exports has decreased by 1 percent compared with the corresponding period one year ago, while the value of imports increased by 1 percent. Exports amounted to SEK 970.5 billion and imports were valued at SEK 977.1 billion, resulting in a deficit net trade balance of 6.6 billion for January–October 2016. The corresponding surplus figure for these months one year earlier was SEK 15.0 billion.

Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/28/2016 9:03:21 AM



Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -2700.00 3300.00 21800.00 -9900.00 SEK million [+]
Exports 102900.00 108100.00 112900.00 970.00 SEK million [+]
Imports 105600.00 104800.00 106800.00 1020.00 SEK million [+]
Current Account 56.70 27.70 89.60 -15.90 SEK Billion [+]
Current Account to GDP 5.40 7.30 9.30 -3.30 percent [+]
External Debt 146746.00 148014.00 426313.00 0.00 SEK Million [+]
Terms of Trade 101.75 101.88 125.65 93.45 Index Points [+]
Foreign Direct Investment 106105.00 24432.00 505124.00 -27912.00 SEK million [+]
Capital Flows -30.10 -70.30 168.00 -81.60 SEK Billion [+]
Remittances 83.00 93.00 106.00 7.00 EUR Million [+]
Gold Reserves 125.72 125.72 185.42 125.72 Tonnes [+]
Crude Oil Production 0.00 0.00 0.08 0.00 BBL/D/1K [+]
Terrorism Index 3.98 3.08 3.98 0.01 [+]
Weapons Sales 186.00 342.00 903.00 15.00 USD Million [+]



Sweden Balance of Trade Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-2700.00 3300.00 21800.00 -9900.00 1960 - 2016 SEK million Monthly



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Japan 496.17 Oct/16
Jordan -536755.50 Sep/16
Kazakhstan 1044.90 Sep/16
Kenya -78222.90 Sep/16
Kosovo -214200.00 Oct/16
Kuwait 1222.30 Jun/16
Kyrgyzstan -184.40 Sep/16
Laos -594.89 Dec/15
Latvia -87.10 Sep/16
Lebanon -1193.95 Sep/16
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Liberia -80.10 Jun/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
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Luxembourg -0.43 Sep/16
Macau -5326200.00 Oct/16
Macedonia -177613.00 Oct/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9756.67 Oct/16
Maldives -155.00 Aug/16
Mali -226.10 Sep/15
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Mexico -900.00 Oct/16
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Mongolia 72.90 Oct/16
Montenegro -138195.00 Oct/16
Morocco -12712.00 Sep/16
Mozambique -434.30 Sep/16
Myanmar -198.70 Feb/16
Namibia -8369.58 Jun/16
Nepal -77662.70 Mar/16
Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
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Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
Paraguay -176241.00 Oct/16
Peru 274.70 Oct/16
Philippines -2163034.12 Oct/16
Poland -200.00 Sep/16
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Puerto Rico 747.70 Aug/16
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Republic of the Congo 4092.35 Dec/10
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Russia 7383.00 Sep/16
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Saudi Arabia 56231.00 Jun/16
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Serbia -380.50 Oct/16
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Singapore 5156.80 Oct/16
Slovakia 456.00 Oct/16
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Swaziland 1037.15 Mar/16
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Switzerland 2678.34 Oct/16
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Thailand 250.00 Oct/16
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Tunisia -1454.50 Oct/16
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