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.

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Sweden Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
13200.00 11800.00 21900.00 -10500.00 1960 - 2020 SEK million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-30 08:30 AM Nov SEK2.9B SEK-3.5B SEK1.5B
2020-01-28 08:30 AM Dec SEK0.3B SEK2.7B SEK -5.1B
2020-02-27 08:30 AM Jan SEK9.9B SEK-2.3B SEK5.8B SEK4.0B
2020-03-26 08:30 AM Feb SEK13.2B SEK11.8B SEK-5.2B SEK3.8B
2020-04-28 07:30 AM Mar SEK13.2B SEK 2.1B
2020-05-29 07:30 AM Apr
2020-06-29 07:30 AM May
2020-07-28 07:30 AM Jun SEK 4.4B


News Stream
Swedish Trade Surplus Widens in February
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.
2020-03-26
Sweden Trade Surplus Highest since 2010
Sweden recorded a SEK 9.9 billion trade surplus in January of 2020, wider than a SEK 1 billion surplus a year earlier. Yet, it is the highest trade surplus since July of 2010 as exports increased 2 percent year-on-year to SEK 128.5 billion while imports shrank 5 percent to SEK 118.6 billion. Trade in goods with countries outside the EU resulted in a surplus of SEK 19.5 billion, while EU trade resulted in a deficit of SEK 9.6 billion.
2020-02-27
Swedish Trade Balance Swings to Surplus
Sweden posted a trade surplus of SEK 0.3 billion in December of 2019, compared to a SEK 7.2 billion deficit in the same month last year, as exports rose 5.3 percent to SEK 116 billion while imports dropped 1.5 percent to SEK 115.7 billion. Trade in goods with countries outside the EU resulted in a surplus of SEK 16.9 billion, while EU trade resulted in a deficit of SEK 16.6 billion. Considering full 2019, Sweden recorded a surplus of SEK 20.1 billion, compared to a SEK 40.7 billion gap in the corresponding period a year ago.
2020-01-28
Swedish Trade Surplus Widens in November
Sweden's trade surplus rose to SEK 2.9 billion in November 2019 from SEK 2.5 billion in the corresponding month of the previous year, as imports shrank 5.2 percent to SEK 128.1 billion, dragged down by purchases from both the EU (-5.1 percent) and non-EU countries (-5.5 percent). Meanwhile, exports of goods fell at a softer 4.8 percent to SEK 131.0 billion, amid lower sales to the EU (-10.2 percent) while those to non-EU countries rose 3.0 percent. The number of weekdays in November 2019 was one less compared with November 2018. In January to November, the country's trade balance swang to a surplus of SEK 20.4 billion compared to a deficit of SEK 33.5 billion in the same period a year ago, as exports and imports grew 5 percent and 1 percent, respectively.
2019-12-30

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.