Sweden Balance of Trade

Last Release

Nov 30, 2024

Actual

7,200

Units In

SEK million

1,100

Frequency

Monthly

Next Release

Jan 27, 2025

Time to Release

29 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
21,900 Mar 2006	-18,000 Aug 2022	3,358.04 SEK million	1960-2024	Statistics Sweden

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.

Latest Updates

Sweden’s trade surplus narrowed to SEK 7.2 billion in November 2024 from SEK 10.4 billion in the same month last year. Exports fell 4.4% year-on-year to SEK 181.3 billion, with declines in sales to both EU countries (-2.7% to SEK 102.2 billion) and non-EU countries (-6.6% to SEK 79.1 billion). Meanwhile, imports decreased at a softer 2.9% to SEK 174.1 billion, reflecting lower purchases from both EU (-2.9% to SEK 119.8 billion) and non-EU countries (-2.9% to SEK 54.3 billion). On a seasonally adjusted basis, the trade surplus rose to SEK 4.7 billion in November from SEK 4.2 billion in the previous month. For the January to November 2024 period, the trade surplus reached SEK 61 billion, up from SEK 44.6 billion in the same period last year.