Sweden recorded a trade surplus of SEK 3.8 billion in December 2023, reversing a deficit of SEK 2.3 billion in the same month a year earlier. Year-on-year, exports fell 6.3% to SEK 160.2 billion, driven by lower sales for both EU (-4.3%) and non-EU countries (-8.5%). Meanwhile, imports dropped at a much faster 9.8% to SEK 156.4 billion, due to decreased purchases from EU (-7.8%) and non-EU countries (-13.4%). On a seasonally adjusted basis, the trade surplus stood at SEK 11.1 billion, unchanged from the previous month. Considering the whole of 2023, the country posted a surplus of SEK 50.8 billion, a significant shift from a deficit of SEK 44.9 billion last year, with exports rising by 5%, while imports were stable. source: Statistics Sweden

Sweden recorded a trade surplus of 3800 SEK Million in December of 2023. Balance of Trade in Sweden averaged 3317.47 SEK Million from 1960 until 2023, reaching an all time high of 21900.00 SEK Million in March of 2006 and a record low of -17800.00 SEK Million in August of 2022. 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 February of 2024.

Sweden recorded a trade surplus of 3800 SEK Million in December of 2023. Balance of Trade in Sweden is expected to be 5900.00 SEK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Balance of Trade is projected to trend around -2800.00 SEK Million in 2025 and -3000.00 SEK Million in 2026, according to our econometric models.

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Sweden Balance of Trade


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-12-28 07:00 AM
Balance of Trade
Nov SEK12.7B SEK7.3B SEK4.0B
2024-01-26 07:00 AM
Balance of Trade
Dec SEK3.8B SEK12.1B SEK12.0B
2024-02-28 07:00 AM
Balance of Trade
Jan SEK3.8B SEK3.0B


Related Last Previous Unit Reference
Balance of Trade 3800.00 12100.00 SEK Million Dec 2023
Current Account 117.40 83.80 SEK Billion Sep 2023
Imports 156400.00 180800.00 SEK Million Dec 2023
Exports 160200.00 192900.00 SEK Million Dec 2023
Terms of Trade 96.76 96.57 points Dec 2023
Capital Flows -85.60 153.60 SEK Billion Sep 2023
Remittances 21.20 26.60 SEK Billion Sep 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
3800.00 12100.00 21900.00 -17800.00 1960 - 2023 SEK Million Monthly

News Stream
Sweden Posts Trade Surplus in December
Sweden recorded a trade surplus of SEK 3.8 billion in December 2023, reversing a deficit of SEK 2.3 billion in the same month a year earlier. Year-on-year, exports fell 6.3% to SEK 160.2 billion, driven by lower sales for both EU (-4.3%) and non-EU countries (-8.5%). Meanwhile, imports dropped at a much faster 9.8% to SEK 156.4 billion, due to decreased purchases from EU (-7.8%) and non-EU countries (-13.4%). On a seasonally adjusted basis, the trade surplus stood at SEK 11.1 billion, unchanged from the previous month. Considering the whole of 2023, the country posted a surplus of SEK 50.8 billion, a significant shift from a deficit of SEK 44.9 billion last year, with exports rising by 5%, while imports were stable.
2024-01-26
Sweden Trade Balance Shifts to Surplus
Sweden recorded a trade surplus of SEK 12.7 billion in November 2023, reversing a deficit of SEK 5.3 billion in the same month last year, as exports grew while imports fell. Year-on-year, exports rose 5.1% to SEK 192.4 billion, prompted by higher sales to both EU (5.7%) and non-EU countries (4.4%). In contrast, imports dropped 4.6% to SEK 179.7 billion, weighed by decreased purchases from non-EU countries (-19.6%); while, arrivals from EU countries increased (4.1%). On a seasonally adjusted basis, the trade surplus widened to SEK 10.4 billion from SEK 9.2 billion in the previous month. Considering January to November, the country registered a surplus of SEK 47.3 billion, a notable shift from a deficit of SEK 42.6 billion in the corresponding period a year earlier, with exports increasing by 6% and imports by 1%.
2023-12-28
Sweden Posts Trade Surplus in October
Sweden recorded a trade surplus of SEK 8.9 billion in October 2023, shifting from a deficit of SEK 10.7 billion in the corresponding month of the previous year, as exports rose while imports dropped. Exports grew by 9.8% year-on-year to SEK 193.9 billion, driven by higher sales to non-EU countries (12.6%) and the EU (7.4%). On the other hand, imports fell by 1.2% to SEK 185 billion, as purchases from non-EU countries declined by 8.4%. However, imports from the EU increased by 2.7%. On a seasonally adjusted basis, the trade surplus widened to SEK 8.2 billion in October from SEK 6.7 billion in September. Considering the January-October period, the country registered a surplus of SEK 37.3 billion, a significant shift from a deficit of SEK 37.3 billion in the same period a year earlier, with exports rising by 6.1% and imports by 1.5%.
2023-11-29