Sweden’s trade surplus widened to SEK 2.9 billion in June 2019 from SEK 0.5 billion in the corresponding month of the previous year. Exports fell 3 percent over a year earlier to SEK 122.5 billion and imports dropped at a faster 5 percent to SEK 119.6 billion. The number of weekdays in June 2019 was one less compared with June 2018. Trade in goods with countries outside the EU resulted in a surplus of SEK 14.6 billion, while EU trade resulted in a shortfall of SEK 11.7 billion. Considering the half of the year, Sweden recorded a surplus of SEK 26.7 billion, compared to a SEK 17.0 billion deficit in the same period one year ago. Balance of Trade in Sweden averaged 3483.22 SEK million from 1960 until 2019, 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.

Balance of Trade in Sweden is expected to be -600.00 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 2100.00 in 12 months time. In the long-term, the Sweden Balance of Trade is projected to trend around -4000.00 SEK million in 2020, according to our econometric models.

Sweden Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-29 07:30 AM Balance of Trade Mar SEK7B SEK6.3B SEK1.6B
2019-05-28 07:30 AM Balance of Trade Apr SEK1.4B SEK6.4B SEK-5.6B
2019-06-27 07:30 AM Balance of Trade May SEK8.3B SEK1.2B SEK-4.8B
2019-07-26 07:30 AM Balance of Trade Jun SEK2.9B SEK7.9B SEK 3B
2019-08-27 07:30 AM Balance of Trade Jul SEK2.9B SEK-1.8B
2019-09-26 07:30 AM Balance of Trade Aug SEK-8.4B
2019-10-28 07:30 AM Balance of Trade Sep SEK -0.6B


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade 2900.00 7900.00 21900.00 -10500.00 SEK million [+]
Current Account 62.70 29.00 82.30 -15.90 SEK Billion [+]
Current Account to GDP 2.00 3.20 8.20 -3.30 percent [+]
Imports 119600.00 129200.00 144500.00 1020.00 SEK million [+]
Exports 122500.00 137100.00 137600.00 970.00 SEK million [+]
External Debt 8349.10 8062.90 8942.40 1853.60 SEK Billion [+]
Terms of Trade 100.52 100.69 125.65 93.45 Index Points [+]
Capital Flows -80.60 114.20 162.90 -151.40 SEK Billion [+]
Foreign Direct Investment 63.70 -2.70 349.00 -69.80 SEK Billion [+]
Remittances 18.10 16.20 20.00 3.50 SEK Billion [+]
Gold Reserves 125.70 125.70 185.42 125.70 Tonnes [+]
Terrorism Index 3.94 3.76 3.98 0.01 [+]
Weapons Sales 134.00 84.00 898.00 13.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Sweden Balance of Trade

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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2900.00 7900.00 21900.00 -10500.00 1960 - 2019 SEK million Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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