Sweden’s trade deficit narrowed to SEK 5.4 billion in August 2019 from SEK 8.0 billion in the same month last year. Exports of goods increased by 1 percent to SEK 113.5 billion, boosted by sales to non-EU countries (4.1 percent) while those to the EU dropped (-1.6 percent). Meanwhile, imports dropped by 2 percent to SEK 118.9 billion, due to lower purchases from both the EU (-0.7 percent) and non-EU countries (-3.2 percent). In January to August, the trade balance posted a surplus of SEK 27.0 billion from a gap of SEK 26.2 billion in the same period of 2018, as exports jumped 8 percent and imports rose at a softer 2 percent. Balance of Trade in Sweden averaged 3473.91 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 4400.00 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
2019-06-27 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 SEK6.7B SEK2.1B SEK-1.8B
2019-09-26 07:30 AM Balance of Trade Aug SEK-5.4B SEK7.4B SEK-8.4B
2019-10-28 08:30 AM Balance of Trade Sep SEK-5.4B SEK-0.6B
2019-11-27 08:30 AM Balance of Trade Oct SEK-7.6B
2019-12-30 08:30 AM Balance of Trade Nov SEK1.5B


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -5400.00 7400.00 21900.00 -10500.00 SEK million [+]
Current Account 37.00 59.10 82.30 -15.90 SEK Billion [+]
Current Account to GDP 2.00 3.20 8.20 -3.30 percent [+]
Imports 118900.00 115800.00 144500.00 1020.00 SEK million [+]
Exports 113500.00 123200.00 137600.00 970.00 SEK million [+]
External Debt 8300.70 8349.10 8942.40 1853.60 SEK Billion [+]
Terms of Trade 101.49 101.22 125.65 93.45 Index Points [+]
Capital Flows 9.80 -69.30 162.90 -152.20 SEK Billion [+]
Foreign Direct Investment 43.70 63.30 349.00 -69.80 SEK Billion [+]
Remittances 19.40 18.80 20.00 3.50 SEK Billion [+]
Gold Reserves 125.72 125.70 185.42 125.70 Tonnes [+]
Terrorism Index 3.94 3.76 3.98 0.01 [+]
Weapons Sales 134.00 84.00 898.00 13.00 USD Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5400.00 7400.00 21900.00 -10500.00 1960 - 2019 SEK million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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