The trade deficit in Sweden rose to SEK 4.7 billion in December of 2018 from SEK 4.0 billion in the corresponding month of the previous year. Exports slumped 43.9 percent from a year earlier to SEK 62.1 billion and imports fell at a softer 32 percent to SEK 78.4 billion. The European Union trade resulted in a gap of SEK 17.1 billion, while trade with countries outside the European Union resulted in a surplus of SEK 12.4 billion. Considering 2018, the trade deficit widened to SEK 32.9 billion from SEK 10.7 billion in 2017. Balance of Trade in Sweden averaged 3480.81 SEK million from 1960 until 2018, reaching an all time high of 21900 SEK million in March of 2006 and a record low of -10500 SEK million in August of 2016.

Balance of Trade in Sweden is expected to be 1600.00 SEK million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sweden to stand at -2700.00 in 12 months time. In the long-term, the Sweden Balance of Trade is projected to trend around -2000.00 SEK million in 2020, according to our econometric models.

Sweden Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-26 07:30 AM Balance of Trade SEK1.4B SEK-7.7B SEK 1.2B
2018-11-27 08:30 AM Balance of Trade SEK-8.4B SEK2.3B SEK-1.4B
2018-12-28 08:30 AM Balance of Trade SEK4.9B SEK-8.4B SEK 0.5B
2019-01-28 08:30 AM Balance of Trade SEK-4.7B SEK2.8B SEK-3.2B
2019-02-27 08:30 AM Balance of Trade SEK-4.7B SEK-2.4B
2019-03-27 07:30 AM Balance of Trade SEK-1.7B
2019-04-29 07:30 AM Balance of Trade SEK1.6B


Sweden Trade Last Previous Highest Lowest Unit
Balance of Trade -4700.00 2800.00 21900.00 -10500.00 SEK million [+]
Current Account 38.60 4.10 82.30 -15.90 SEK Billion [+]
Current Account to GDP 3.20 4.20 8.20 -3.30 percent [+]
Imports 115300.00 134600.00 143600.00 1020.00 SEK million [+]
Exports 110600.00 137400.00 137400.00 970.00 SEK million [+]
External Debt 8815.10 8882.60 8882.60 1853.60 SEK Billion [+]
Terms of Trade 101.44 100.97 125.65 93.45 Index Points [+]
Foreign Direct Investment 54.60 15.60 349.00 -69.80 SEK Billion [+]
Capital Flows -88.40 50.10 162.90 -153.10 SEK Billion [+]
Remittances 16.70 18.10 20.10 3.50 SEK Billion [+]
Gold Reserves 125.70 125.70 185.42 125.70 Tonnes [+]
Terrorism Index 3.94 3.76 3.98 0.01 [+]
Weapons Sales 83.00 267.00 898.00 15.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4700.00 2800.00 21900.00 -10500.00 1960 - 2018 SEK million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -1415.36 Jan/19
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -3247399.00 Dec/18
Switzerland 1388.18 Jan/19
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


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