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

Swedish trade surplus fell sharply to SEK 1.0 billion in December 2016 from SEK 4.0 billion in the same month of the previous year, as exports rose by 11 percent while imports increased at a faster 15 percent. For the whole year of 2016, Sweden posted a trade deficit of SEK 6.8 billion, the first gap since 1982 and the biggest since 1980. Balance of Trade in Sweden averaged 3678.39 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)
2016-11-28 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 1.0B SEK-1.2B SEK 3.6B
2017-02-28 08:30 AM Jan SEK 1.0B SEK 0.8B
2017-03-28 07:30 AM Feb
2017-04-27 07:30 AM Mar




Swedish Trade Surplus Narrows In December


Swedish trade surplus fell sharply to SEK 1.0 billion in December 2016 from SEK 4.0 billion in the same month of the previous year, as exports rose by 11 percent while imports increased at a faster 15 percent. For the whole year of 2016, Sweden posted a trade deficit of SEK 6.8 billion compared with a surplus of SEK 13.8 billion in 2015.

The value of exports in December 2016 amounted to SEK 109.3 billion, while imports were valued at SEK 108.3 billion. Compared with December 2015, exports increased by 11 percent in value while imports increased by 15 percent in value.

Trade with countries outside the EU resulted in a surplus of SEK 15.0 billion, while EU trade resulted in a deficit of SEK 14.0 billion.

There was one weekday more in December 2016 than in December 2015.

Seasonally adjusted, the net trade surplus amounted to SEK 0.2 billion in December 2016, compared with a surplus of SEK 0.5 billion in November 2016. The corresponding figure for October 2016 was a surplus of SEK 0.4 billion.

Considering the whole year of 2016, the value of exports has increased by 1 percent compared with 2015, while the value of imports increased by 3 percent. Exports amounted to SEK 1193.7 billion and imports were valued at SEK 1200.5 billion, resulting in a deficit net trade balance of 6.8 billion for 2016. It was the first trade gap since 1982 and the biggest deficit since 1980. The corresponding surplus figure in 2015 was SEK 13.8 billion.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/26/2017 10:54:43 AM



Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade 1000.00 -1200.00 21800.00 -10000.00 SEK million [+]
Exports 109300.00 112900.00 112900.00 970.00 SEK million [+]
Imports 108300.00 114100.00 114100.00 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 134213.00 141239.00 426313.00 0.00 SEK Million [+]
Terms of Trade 101.41 102.28 125.65 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1000.00 -1200.00 21800.00 -10000.00 1960 - 2016 SEK million Monthly



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Netherlands 5494.00 Dec/16
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North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
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Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
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Peru 1023.00 Dec/16
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Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
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