Sweden Balance of Trade

Last Release

Dec 31, 2024

Actual

6,200

Units In

SEK million

7,500

Frequency

Monthly

Next Release

Feb 27, 2025

Time to Release

29 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
21,900 Mar 2006	-18,000 Aug 2022	3,362.07 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 widened sharply to SEK 6.2 billion in December 2024, up from SEK 1.3 billion in the same month last year. Exports fell by 0.7% year-on-year to SEK 158.7 billion, with increased sales to non-EU countries (+2.4%) partially offsetting a decline in exports to EU countries (-3.4%). Meanwhile, imports dropped more sharply, falling 3.8% to SEK 152.5 billion, driven by reduced purchases from both EU (-3.4%) and non-EU (-4.6%) countries. On a seasonally adjusted basis, the trade surplus rose to SEK 4.1 billion from SEK 2.7 billion in the previous month. For the entire year, the trade surplus increased to SEK 67.5 billion from SEK 45.9 billion last year, as exports declined by 1.9% and imports fell by 3%.