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

Swedish trade deficit increased sharply to SEK 10.3 billion in August 2016 compared to SEK 2.7 billion in the same month a year earlier. It was the biggest trade gap on record, as exports decreased by 2 percent while imports rose by 7 percent. Trade with countries outside the EU resulted in a surplus of SEK 4.5 billion, while EU trade resulted in a deficit of SEK 14.8 billion. Balance of Trade in Sweden averaged 3705.61 SEK million from 1960 until 2016, reaching an all time high of 21800 SEK million in March of 2006 and a record low of -10300 SEK million in August of 2016. 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
-10300.00 500.00 21800.00 -10300.00 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 October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-27 07:30 AM Jun SEK 1.8B SEK -2.2B SEK 1.3B
2016-08-29 07:30 AM Jul SEK 0.5B SEK 0.6B SEK 2.6B
2016-09-27 07:30 AM Aug SEK -10.3B SEK 0.5B SEK 1.5B
2016-10-26 07:30 AM Sep SEK -10.3B SEK 1.4B
2016-11-28 08:30 AM Oct 0.2B
2016-12-29 08:30 AM Nov -2.3B

Swedish Trade Gap Hits Record High in August


Swedish trade deficit increased sharply to SEK 10.3 billion in August 2016 compared to SEK 2.7 billion in the same month a year earlier. It was the biggest trade gap on record, as exports decreased by 2 percent while imports increased by 7 percent. Trade with countries outside the EU resulted in a surplus of SEK 4.5 billion, while EU trade resulted in a deficit of SEK 14.8 billion.

The value of exports in August 2016 amounted to SEK 87.4 billion, while imports were valued at SEK 97.7 billion. Compared to August 2015, exports decreased by 2 percent in value while imports increased by 7 percent in value.

Trade with countries outside the EU resulted in a surplus of SEK 4.5 billion, while EU trade resulted in a deficit of SEK 14.8 billion.

Seasonally adjusted, the net trade deficit amounted to SEK 3.4 billion in August 2016, compared to a deficit of SEK 2.5 billion in July 2016. The corresponding figure for June 2016 was a deficit of SEK 1.6 billion.

In the first eight months of 2016, the value of exports decreased by 2 percent compared to the corresponding period one year ago, while the value of imports increased by 1 percent. Exports amounted to SEK 758.9 billion and imports were valued at SEK 764.9 billion, resulting in a deficit net trade balance of 6.0 billion for January – August 2016. The corresponding surplus figure for these months the previous year was SEK 17.8 billion.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/27/2016 9:55:36 AM

Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -10300.00 500.00 21800.00 -10300.00 SEK million [+]
Exports 87400.00 86100.00 112900.00 970.00 SEK million [+]
Imports 97700.00 85600.00 106400.00 1020.00 SEK million [+]
Current Account 36.00 57.10 89.60 -15.90 SEK Billion [+]
Current Account to GDP 5.40 7.30 9.30 -3.30 percent [+]
External Debt 149934.00 151343.00 426313.00 0.00 SEK Million [+]
Terms of Trade 101.50 101.91 125.65 93.45 Index Points [+]
Foreign Direct Investment 106105.00 24432.00 505124.00 -27912.00 SEK million [+]
Capital Flows -68.80 -8.20 164.80 -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 [+]
Terrorism Index 3.08 1.71 3.08 0.01 [+]
Weapons Sales 186.00 342.00 903.00 15.00 USD Million [+]




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