Sweden Balance of Trade

Last Release

Aug 31, 2024

Actual

-5,300

Units In

SEK million

6,600

Frequency

Monthly

Next Release

Oct 28, 2024

Time to Release

30 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
21,900 Mar 2006	-18,000 Aug 2022	3,362.01 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 deficit narrowed to SEK 5.3 billion in August 2024 from SEK 7.8 billion in the same month a year earlier and compared to market forecasts of a SEK 5.9 billion surplus. Year-on-year, exports fell 5.1% to SEK 150.3 billion, with sales plunging to the EU (-10.2% to SEK 80.2 billion), while rising to the non-EU countries (1.4% to SEK 70.1 billion). In the meantime, imports dropped by a faster 6.4% to SEK 155.6 billion, due to decreased purchases from both EU (-7.7% to SEK 100.5 billion) and non-EU countries (-3.8% to SEK 55.1 billion). On a seasonally adjusted basis, the country’s trade surplus slightly rose to SEK 6.9 billion compared to SEK 6.8 billion in July. Considering January to August, the trade surplus widened to SEK 53.4 billion, notably higher than the SEK 28.1 billion recorded in the corresponding period last year.