Sweden's trade surplus narrowed to SEK 1.4 billion in November 2020, from SEK 2.6 billion in the same month last year. Exports declined 3 percent to SEK 128.0 billion, as a 7 percent drop in sales to the EU offset a 2 percent increase in exports to non-EU countries. Meanwhile, imports were down 2 percent to SEK 126.6 billion, led by a 5 percent decrease in purchases from the EU. Imports from non-EU countries, however, advanced 7 percent. In the January to November period, the trade surplus widened to SEK 56.0 billion from SEK 17.5 billion in the same period of 2019, with exports falling 7 percent and imports slumping 10 percent. source: Statistics Sweden

Balance of Trade in Sweden averaged 3460.21 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 January of 2021.

Balance of Trade in Sweden is expected to be -4000.00 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 -1100.00 in 12 months time. In the long-term, the Sweden Balance of Trade is projected to trend around -4000.00 SEK million in 2021 and -5000.00 SEK million in 2022, according to our econometric models.

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Sweden Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
1400.00 5000.00 21900.00 -10500.00 1960 - 2020 SEK million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-28 07:30 AM Aug SEK-1.6B SEK4B SEK0.5B
2020-10-27 08:30 AM Sep SEK2.6B SEK-2.1B SEK -0.2B
2020-11-27 08:30 AM Oct SEK4.7B SEK3.5B SEK1.2B
2020-12-29 08:30 AM Nov SEK1.4B SEK5B SEK3.6B
2021-01-27 08:30 AM Dec SEK1.4B SEK-1.2B
2021-02-26 08:30 AM Jan
2021-03-26 08:30 AM Feb
2021-04-28 07:30 AM Mar


News Stream
Sweden Trade Surplus Narrows in November
Sweden's trade surplus narrowed to SEK 1.4 billion in November 2020, from SEK 2.6 billion in the same month last year. Exports declined 3 percent to SEK 128.0 billion, as a 7 percent drop in sales to the EU offset a 2 percent increase in exports to non-EU countries. Meanwhile, imports were down 2 percent to SEK 126.6 billion, led by a 5 percent decrease in purchases from the EU. Imports from non-EU countries, however, advanced 7 percent. In the January to November period, the trade surplus widened to SEK 56.0 billion from SEK 17.5 billion in the same period of 2019, with exports falling 7 percent and imports slumping 10 percent.
2020-12-29
Sweden Trade Balance Swings to Surplus
The trade balance in Sweden switched to a SEK 4.7 billion surplus in October of 2020 from a SEK 3.9 billion deficit a year earlier. Exports of goods decreased 6 percent year-on-year to SEK 128.1 billion, while imports of goods shrank 12 percent to SEK 123.4 billion. The number of weekdays in October 2020 was one less compared with October 2019. Trade in goods with countries outside the EU resulted in a surplus of SEK 21.9 billion, while EU trade resulted in a deficit of SEK 17.2 billion.
2020-11-27
Sweden Trade Surplus Rises in September
The trade surplus in Sweden widened to SEK 2.6 billion in September of 2020 from SEK 1.4 billion a year earlier. Exports of goods decreased 3 percent year-on-year to SEK 124.6 billion, while imports of goods shrank 4 percent to SEK 122 billion. The number of weekdays in September 2020 was one more compared with September 2019. Trade in goods with countries outside the EU resulted in a surplus of SEK 19.0 billion, while EU trade showed a deficit of SEK 16.4 billion.
2020-10-27
Swedish Trade Gap Narrows in August
Sweden's trade deficit shrank to SEK 1.6 billion in August of 2020 from SEK 5.4 billion in the same month of the previous year. Imports slipped 11 percent to SEK 105.6 billion, due to lower purchases from both the EU (-11.8 percent) and non-EU countries (-10.4 percent). Meantime, exports fell 9 percent to SEK 104 billion, as a decline in shipments to the EU (-16.3 percent) more than offset the increase in sales to non-EU countries (3.1 percent). Considering the January to August period of 2020, the country's trade surplus widened to SEK 43.6 billion from SEK 16.8 billion a year ago, as exports went down 8 percent while imports fell at a faster 10 percent.
2020-09-28

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.