Sweden Balance of Trade  1960-2017 | Data | Chart | Calendar | Forecast

The trade deficit in Sweden declined to SEK 1.1 billion in November of 2016 from a SEK 5.2 billion gap a year earlier. It is the smallest shortfall for a November month in two years as exports rose the most since June of 2015 and imports rebounded. Balance of Trade in Sweden averaged 3682.89 SEK million from 1960 until 2016, reaching an all time high of 21800 SEK million in March of 2006 and a record low of -10000 SEK million in August of 2016.

Sweden Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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-1.1B SEK -2B SEK -2.1B
2017-01-26 08:30 AM Dec SEK-1.1B
2017-02-28 08:30 AM Jan
2017-03-28 07:30 AM Feb




Sweden Trade Gap Narrows 78.9% YoY In November


The trade deficit in Sweden declined to SEK 1.1 billion in November of 2016 from a SEK 5.2 billion gap a year earlier. It is the smallest shortfall for a November month in two years as exports rose the most since June of 2015 and imports rebounded.

Exports jumped 13 percent year-on-year to SEK 113.4 billion after being flat in the previous month. It is the biggest increase since June of 2015. Imports rose 8.5 percent to SEK 114.5 billion, following a 1 percent fall in the previous period. It is the biggest gain in a year.

Trade with countries outside the EU resulted in a surplus of SEK 14.9 billion, while EU trade showed a SEK 16.0 billion gap.

Seasonally adjusted, the trade surplus amounted to SEK 0.4 billion in November 2016, compared with a surplus of SEK 0.3 billion in October 2016.

Considering the first eleven months of the year, exports were flat at SEK 1084.6 billion while imports rose 2 percent year/on/year to SEK 1092 billion, resulting in a deficit of SEK 7.4 billion. The corresponding surplus figure for these months one year earlier was a gap of SEK 9.8 billion.

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
12/29/2016 10:27:20 AM



Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -1100.00 -2000.00 21800.00 -10000.00 SEK million [+]
Exports 113400.00 103700.00 113400.00 970.00 SEK million [+]
Imports 114500.00 105700.00 114500.00 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 141239.00 145943.00 426313.00 0.00 SEK Million [+]
Terms of Trade 102.28 101.75 125.65 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1100.00 -2000.00 21800.00 -10000.00 1960 - 2016 SEK million Monthly



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Cuba -9578.00 Dec/15
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Hungary 280000.00 Nov/16
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Indonesia 992.10 Dec/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 4044600.00 Nov/16
Israel -1442.80 Dec/16
Italy 4202.85 Nov/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 153.00 Nov/16
Jordan -746551.00 Oct/16
Kazakhstan 1297.60 Nov/16
Kenya -73063.30 Oct/16
Kosovo -202700.00 Nov/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -206.70 Oct/16
Laos -339.15 Jun/16
Latvia -122.10 Nov/16
Lebanon -1222.52 Oct/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -26.10 Nov/16
Luxembourg -0.80 Oct/16
Macau -6026970.00 Nov/16
Macedonia -186849.00 Nov/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9030.00 Nov/16
Maldives -157.50 Sep/16
Mali -226.10 Sep/15
Malta -102800.00 Nov/16
Mauritania -79.64 Mar/16
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Mexico 200.00 Nov/16
Moldova -135.80 Nov/16
Monaco -104.50 Jun/16
Mongolia 362.30 Dec/16
Montenegro -132470.00 Nov/16
Morocco -13866.00 Nov/16
Mozambique -434.30 Sep/16
Myanmar -181.40 Apr/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5544.00 Nov/16
New Caledonia -7307.00 Oct/16
New Zealand -704.62 Nov/16
Nicaragua -212.90 Sep/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 23279.00 Dec/16
Oman 119.20 Jul/16
Pakistan -289139.00 Dec/16
Palestine -320.60 Oct/16
Panama -961388.00 Nov/16
Papua New Guinea 3223.00 Jun/16
Paraguay -453352.00 Dec/16
Peru 279.00 Nov/16
Philippines -2566000.00 Nov/16
Poland 102.00 Nov/16
Portugal -790.68 Nov/16
Puerto Rico 2801.60 Oct/16
Qatar 9630.00 Nov/16
Republic of the Congo 4092.35 Dec/10
Romania -865.50 Nov/16
Russia 9137.00 Nov/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 73133.00 Sep/16
Senegal -201.40 Nov/16
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Singapore 6120.70 Dec/16
Slovakia 287.00 Nov/16
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South Korea 7000.00 Dec/16
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Spain -1833000.00 Oct/16
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Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -1100.00 Nov/16
Switzerland 3636.00 Nov/16
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Taiwan 4864.00 Dec/16
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Thailand 1540.00 Nov/16
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Trinidad and Tobago -364.10 Jun/16
Tunisia -992.50 Dec/16
Turkey -4113.35 Nov/16
Turkmenistan 2181.97 Dec/15
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Ukraine -235.50 Nov/16
United Arab Emirates 328300.00 Dec/15
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