Sweden Balance of Trade

Sweden recorded a trade surplus of 5200 SEK million in June of 2014. Balance of Trade in Sweden averaged 3857.12 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
5200.00 -200.00 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.

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.

The value of exports in June of 2014 amounted to SEK 95.6 billion, while imports were valued at SEK 90.4 billion. Compared to June 2013, exports increased by 7 percent, while imports expanded 6 percent.

Trade with countries outside the EU resulted in a surplus of SEK 13.0 billion, while the EU trade resulted in a deficit of SEK 7.8 billion.

In June of 2014, there was one more weekday than in the same month of the previous year. 

Considering the first six months of 2014, exports increased by 2 percent while imports rose 4 percent compared to the corresponding period one year ago. Exports amounted to SEK 562.8 billion, and imports were valued at SEK 539.9 billion, resulting in a surplus net trade balance of SEK 22.9 billion. The corresponding surplus figure for these months one year earlier was SEK 32.1 billion.

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
7/25/2014 9:05:11 AM

Recent Releases

Sweden Trade Surplus Narrows in May
Swedish trade surplus fell to SEK 0.2 billion in May of 2014 from a revised SEK 4.1 billion in April and SEK 3.7 billion a year earlier, due to a surge in imports. Published on 2014-06-27

Sweden Trade Surplus Nearly Doubles in April
Swedish trade surplus increased to SEK 4.6 billion in April of 2014 from SEK 2.5 billion in the previous month, driven by a fall in imports. Published on 2014-05-27

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-28 08:30 AM Sweden
Balance of Trade
Mar 2014 SEK 2.6B SEK 5.3B (R)
2014-05-27 08:30 AM Sweden
Balance of Trade
Apr 2014 SEK 4.60B SEK 2.5B (R) SEK 5.50B SEK 4.1B
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 5.2B SEK 4.3B

Trade Last Previous Highest Lowest Unit
Balance of Trade 5200.00 -200.00 21900.00 -4210.00 SEK million [+]
Exports 95600.00 94300.00 112900.00 970.00 SEK million [+]
Imports 90400.00 94500.00 105200.00 1020.00 SEK million [+]
Current Account 61.37 55.12 89.59 -15.88 SEK Billion [+]
Current Account to GDP 6.20 6.00 9.30 -3.30 Percent [+]
External Debt 184024.00 185624.00 426313.00 0.00 SEK Million [+]
Terms of Trade 96.98 97.62 125.65 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 [+]

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