Sweden Balance of Trade

Sweden recorded a trade surplus of 5000 SEK million in February of 2014. Balance of Trade in Sweden is reported by the Statistics Sweden. Balance of Trade in Sweden averaged 3869.30 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. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5000.00 5100.00 21900.00 -4210.00 4064.49 | 2014/03 1960 - 2014 SEK million Monthly

TO

Sweden Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-30 08:30 AM Sweden
Balance of Trade
Nov 2013 SEK 4.0B SEK 4.0B (R) SEK 5.6B
2014-01-28 08:30 AM Sweden
Balance of Trade
Dec 2013 SEK 1.4B SEK 4.9B (R) SEK 6.1B
2014-02-27 08:30 AM Sweden
Balance of Trade
Jan 2014 SEK 5.80B SEK 0.50B (R) SEK 6.2B
2014-03-26 08:30 AM Sweden
Balance of Trade
Feb 2014 SEK 5.0B SEK 5.1B (R) SEK 5B
2014-05-27 08:30 AM Sweden
Balance of Trade
Apr 2014 SEK 5.0B SEK 4.5B
2014-06-27 08:30 AM Sweden
Balance of Trade
May 2014 SEK 4.7B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account 49.23 2013-11-15 53.62 89.59 -15.88 52.73 2014-03-31 SEK Billion [+]
Current Account to GDP 7.20 2012-12-31 7.30 9.20 -3.30 7.33 2013-12-31 Percent [+]
External Debt 193365.00 2014-03-31 193769.00 426313.00 0.00 193188.98 2014-04-30 SEK Million [+]
Foreign Direct Investment 53086.00 2013-06-30 110666.00 505124.00 -462.00 49075.94 2013-12-31 SEK million [+]
Remittances 106.00 2013-08-15 100.00 106.00 7.00 117.13 2013-12-31 EUR Million [+]
Terms of Trade 97.36 2014-02-15 97.12 125.65 93.45 97.61 2014-03-31 Index Points [+]
Balance of Trade 5000.00 2014-02-15 5100.00 21900.00 -4210.00 4064.49 2014-03-31 SEK million [+]
Exports 88700.00 2014-02-15 92800.00 112900.00 970.00 93413.88 2014-03-31 SEK million [+]
Imports 83700.00 2014-02-15 87700.00 105200.00 1020.00 88262.47 2014-03-31 SEK million [+]
[+]


Swedish Trade Surplus Narrows 7% YoY

In February of 2014, Sweden’s trade surplus narrowed slightly to SEK 5.0 billion, compared to a revised SEK 5.1 billion the month before and SEK 5.4 billion a year earlier

The value of exports in February of 2014 amounted to SEK 88.7 billion, while imports were valued at SEK 83.7 billion. Compared to February last year, the value of both exports and imports increased by 2 percent.

Trade with countries outside the EU resulted in a surplus of SEK 11.5 billion, while EU trade resulted in a deficit of SEK 6.5 billion.

The number of weekdays in February was the same as in February of 2013.

On a monthly basis, exports shrank 4.4 percent and imports fell 4.5 percent.

Considering the three-month period December 2013-February 2014, the value of both exports and imports increased by 2 percent compared to the corresponding period one year ago. Exports amounted to SEK 268.4 billion, and imports were valued at SEK 258.1 billion, resulting in a surplus net trade balance of SEK 10.3 billion for December 2013 – February 2014. The corresponding surplus figure for these months one year earlier was SEK 10.1 billion.

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
3/26/2014 9:35:50 AM

RECENT RELEASES

Swedish Trade Surplus Widened in January
In January of 2014, Sweden’s trade surplus increased to SEK 5.8 billion up by SEK 1.1 billion from last year’s figure and by a revised SEK 5.3 billion in December of 2013. Published on 2014-02-27

Swedish Trade Surplus Narrows in December
In December of 2013, Sweden's trade surplus fell to SEK 1.4 billion, compared to an upwardly revised SEK 4.9 billion a month earlier, but widened from SEK 300 million last year. For the whole 2013, the trade surplus decreased for the second consecutive year to SEK 59.4 billion. Published on 2014-01-28


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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