Sweden's trade surplus widened to SEK 13.2 billion in February 2020 from SEK 4.7 billion in the corresponding month of the previous year and compared to market expectations of a SEK 5.2 billion deficit. Exports increased 4 percent year-on-year to SEK 127 billion while imports fell 3.1 percent to SEK 113.8 billion. Trade in goods with countries outside the EU resulted in a surplus of SEK 22.3 billion, while EU trade resulted in a deficit of SEK 9.1 billion.
Balance of Trade in Sweden averaged 3460.83 SEK million from 1960 until 2020, reaching an all time high of 21900 SEK million in March of 2006 and a record low of -10500 SEK million in August of 2016. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020. source: Statistics Sweden
Balance of Trade in Sweden is expected to be 4400.00 SEK million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sweden to stand at -4000.00 in 12 months time. In the long-term, the Sweden Balance of Trade is projected to trend around -4000.00 SEK million in 2021, according to our econometric models.