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.