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

Sweden recorded at SEK 2.1 billion trade deficit in May of 2016 compared with a SEK 1.8 billion surplus a year earlier. Exports increased 1 percent and imports rose at faster 5 percent. Trade with EU countries resulted in a deficit of SEK 13.6 billion while outside the EU resulted in a surplus of SEK 11.5 billion. It was the first trade gap since November 2015. Balance of Trade in Sweden averaged 3752.47 SEK million from 1960 until 2016, reaching an all time high of 21800 SEK million in March of 2006 and a record low of -5300 SEK million in November of 2015. Balance of Trade in Sweden is reported by the Statistics Sweden.

Sweden Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-2100.00 4400.00 21800.00 -5300.00 1960 - 2016 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 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-27 07:30 AM Mar SEK 3.9B SEK 1.5B SEK 0.5B
2016-05-26 07:30 AM Apr SEK 4.4B SEK 2.4B SEK 4.2B
2016-06-28 07:30 AM May SEK -2.1B SEK 3.8B SEK 1.5B
2016-07-27 07:30 AM Jun SEK -2.1B SEK 1.3B
2016-08-29 07:30 AM Jul 1.9B
2016-09-27 07:30 AM Aug 1.6B

Sweden Trade Balance Swings to Deficit in May


Sweden recorded at SEK 2.1 billion trade deficit in May of 2016 compared with a SEK 1.8 billion surplus a year earlier. Exports increased 1 percent and imports rose at faster 5 percent. Trade with EU countries resulted in a deficit of SEK 13.6 billion while outside the EU resulted in a surplus of SEK 11.5 billion. It was the first trade gap since November 2015.

The value of exports in May 2016 amounted to SEK 96.9 billion, while imports were valued at SEK 99 billion. 

Trade with countries outside the EU resulted in a surplus of SEK 11.5 billion, while the EU trade resulted in a deficit of SEK 13.6 billion.

Seasonally adjusted, the net trade surplus amounted to SEK 0.2 billion in May 2016, compared to SEK 0.3 billion in April 2015. The corresponding figure for March 2016 was SEK 0.3 billion.

In the first five months of 2016, the value of exports has decreased by 1 percent compared to the corresponding period one year ago, while the value of imports increased 1 percent. Exports amounted to SEK 482.6 billion, and imports were valued at SEK 477.2 billion, resulting in a surplus net trade balance of SEK 5.4 billion. The corresponding surplus figure for these months one year earlier was SEK 13.8 billion.

Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/28/2016 10:57:25 AM

Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -2100.00 4400.00 21800.00 -5300.00 SEK million [+]
Exports 96900.00 99700.00 112900.00 970.00 SEK million [+]
Imports 99000.00 95900.00 106400.00 1020.00 SEK million [+]
Current Account 64.30 62.70 89.60 -15.90 SEK Billion [+]
Current Account to GDP 5.40 7.30 9.30 -3.30 percent [+]
External Debt 154347.00 155051.00 426313.00 0.00 SEK Million [+]
Terms of Trade 101.16 101.05 125.65 93.45 Index Points [+]
Foreign Direct Investment 106105.00 24432.00 505124.00 -27912.00 SEK million [+]
Capital Flows -8.20 -29.80 164.80 -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 [+]
Weapons Sales 186.00 342.00 903.00 15.00 USD Million [+]
Terrorism Index 3.08 1.71 3.08 0.01 [+]




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