Sweden Balance of Trade

Last Release

Sep 30, 2024

Actual

800

Units In

SEK million

-6,500

Frequency

Monthly

Next Release

Nov 28, 2024

Time to Release

29 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
21,900 Mar 2006	-18,000 Aug 2022	3,357.16 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 sharply narrowed to SEK 0.8 billion in September 2024 from SEK 2.3 billion in the same month a year earlier. Year-on-year, exports shrank 8.7% to SEK 169.0 billion, with sales plunging to the EU (-10.9% to SEK 90.5 billion) and non-EU countries (-6% to SEK 78.5 billion). Meanwhile, imports sank at a slightly slower 8% to SEK 168.2 billion, due to decreased purchases from both EU (-8% to SEK 114.6 billion) and non-EU countries (-8.1% to SEK 53.6 billion). On a seasonally adjusted basis, the country’s trade surplus fell to SEK 3.3 billion compared to SEK 4.2 billion in August. Considering January to September, the trade surplus widened to SEK 54.2 billion, notably higher than the SEK 27.1 billion recorded in the corresponding period last year.