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Trade Balance (USD billion) The trade balance is the net sum of a country’s exports and imports of goods without taking into account all financial transfers, investments and other financial components. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. Historical Data (SEK Million) by years Sweden exports mostly machinery, motor vehicles, paper products, pulp and wood, iron, steel products, chemicals. Sweden's trade surplus shrank to SEK 2.9 billion in July of 2020 from SEK 6.4 billion in the same month of the previous year. Latest monthly trade figures for EU28 and Euro area with Extra-EU This is a redirection page. Sweden Trade Balance recorded a surplus of 532.0 USD mn in Oct 2020, compared with a surplus of 395.2 USD mn in the previous month. A country's trade balance is positive (meaning that it registers a surplus) if the value of exports exceeds the value of imports. statistical data on cross border transactions, portfolio investment, Swedish assets and liabilities with the rest of the world. Data published Monthly by Statistics. Balance of Goods for Sweden from Statistics Sweden for the Foreign Trade release. Furthermore, exports of goods outpaced imports in 2019, according to provisional data from Sweden Statistics, with trade balance improving to a surplus. Please check your download folder. Direct access to our calendar releases and historical data. It had ranked No. After contracting by -5.1% in 2009, Swedish economy recovered in 2010, with an estimated GDP growth of 4.4%, driven by household consumption and a resumption of international trade. Trade in goods with countries outside the EU resulted in a surplus of SEK 19.0 billion, while EU trade showed a deficit of SEK 16.4 billion. Trade: The top exports of Sweden are Cars ($11.9B), Refined Petroleum ($10B), Packaged Medicaments ($6.9B), Vehicle Parts ($5.6B), and Broadcasting Equipment ($3.74B). Sweden Current Account - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020. Trade balance is the difference between the value of country's exports and imports, over a period of time. The trade balance registered a surplus of SEK 4.7 billion in October versus a deficit of SEK 3.9 billion in the same month last year. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. The requested document has been opened in the appropriate software. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. 2020 : U.S. trade in goods with Sweden . Sweden’s total trade with the United States was $1.32 billion in September, a change of 5.43 percent from the same month one year ago. Sweden and the U.S. invest over $94 billion in each other’s economies. The United States and Sweden’s two way trade for 2019 is $25.5 billon (including trade in goods and services). Sweden trade balance, exports and imports by country and region 2018 In 2018, Sweden major trading partner countries for exports were Germany, Norway, Finland, Denmark and United States and for imports they were Germany, Netherlands, Norway, Denmark and United Kingdom. The trade balance registered a surplus of SEK 4.7 billion in October versus a deficit of SEK 3.9 billion in the same month last year. Export and import figures may differ in Statistics Sweden’s various statistical products in the Balance of Payments and the National Accounts. Sweden Trade Balance (MoM) climbed from previous 2.6B to 4.7B in October. This page provides forecast and historical data, charts, statistics, news and updates for Sweden Balance of Goods. Sweden ranked No. Exports of goods decreased 3 percent year-on-year to SEK 124.6 billion, while imports of goods shrank 4 percent to SEK 122 billion. A negative number indicates that fewer goods and services were exported than imported (a trade deficit). Data are in current U.S. dollars. In June, the trade surplus was SEK 3.5 billion. Meantime, imports fell at a softer 13.2 percent to SEK 100.9 billion, dragged down by lower purchases from both EU (-14.4 percent) and non-EU countries (-10.9 percent). In June, the trade surplus was SEK 3.5 billion. In 2018, Sweden's exports per capita were $16k and its imports per capita were $15.7k. 35 for the same month last year. Trade with China has consistently increased during the last couple of years. Table reflects only those months for which there was trade. Exports of goods decreased 6 percent year-on-year to SEK 128.1 billion, while imports of goods shrank 12 percent to SEK 123.4 billion. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite.Positive trade balance illustrates high competitiveness of country's economy. The change in exports was -3.10 percent and the change in imports was 9.79 percent. Imports slipped 11 percent to SEK 105.6 billion, due to lower purchases from both the EU (-11.8 percent) and non-EU countries (-10.4 percent). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. China is currently Sweden's largest trading partner in Asia. Sweden's Trade Balance shows a change between national exports and imports over a selected period. Net trade balance at SEK 2.0 billion in September Statistical news from Statistics Sweden 2019-10-28 9.30 In September 2019, Swedish exports of goods amounted to SEK 127.8 billion, while imports of goods amounted to SEK 125.8 billion. Currencies (Forex) 32 mins The Renminbi Will Replace the U.S. Dollar as the World’s Reserve Currency, Gavekal’s CEO Says – Barron’s Barron's 2 hours Canadian Dollar Climbs to Strongest Level Since May 2018 Financial Post 32 among U.S. trade partners in September. Trade balance is the difference between the value of country's exports and imports, over a period of time. Please check your download folder. The maximum value was 21900 SEK Million and minimum was -10500 SEK Million. The index enables the evaluation of the structure of trade flows between countries. Trade Balance (2019) $1,609,238,518. The relevant data is also submitted to European statistic agencies, which collect and publish summary information for the European market. Publish your articles and forecasts in our website. Considering the January to August period of 2020, the country's trade surplus widened to SEK 43.6 billion from SEK 16.8 billion a year ago, as exports went down 8 percent while imports fell at a faster 10 percent. The trade balance in Sweden switched to a SEK 4.7 billion surplus in October of 2020 from a SEK 3.9 billion deficit a year earlier. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Trade balance is the value of exported goods minus the value of imported goods. Sweden Trade Balance data is updated monthly, available from Jan 1957 to Oct 2020, with an averaged value of 157.1 USD mn. A positive number indicates that more goods and services were exported than imported (a trade surplus). Trade between Sweden and China. In Sweden , the week ahead contains quite a few sets of interesting data, especially from a Q2 GDP point of view. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The Trading Economics Application Programming Interface (API) provides direct access to our data. Exports slipped 15.4 percent from a year earlier to SEK 103.8 billion, due to lower sales to the EU (-22.6 percent) and non-EU countries (-6.4 percent). Current Account in Sweden is expected to be 34.00 SEK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. A positive balance (trade surplus) means that exports exceed imports, a negative one means the opposite.Positive trade balance illustrates high competitiveness of country's economy. Iceland trade balance for 2018 was $0.78B, a 23.54% decline from 2017. The balance of trade measures a flow of exports and imports over a given period of time. Sweden - Market OverviewSweden - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. Since 1 September 2007 the data are assembled by SCB (Statistic Sweden), on behalf of the Riksbank. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. The number of weekdays in October 2020 was one less compared with October 2019. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The country imports machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing. The domestic economy led the downturn, as household spending was scaled back amid heightened economic uncertainty and social distancing recommendations. External balance on goods and services (formerly resource balance) equals exports of goods … Sweden's trade deficit shrank to SEK 1.6 billion in August of 2020 from SEK 5.4 billion in the same month of the previous year. Apart from the approximately 10,000 Swedish companies that trade with China, more than 600 … In 2018, Sweden exported $162B and imported $160B, resulting in a positive trade balance of $2.37B. Nevertheless, Sweden usually shows a trade surplus, when services are included as the country exports more services (USD 72.7 billion) than it imports (USD 68.6 billion). Received my counterpart, Hon. Details may not equal totals due to rounding. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Sometimes a distinction is made between a balance of trade for goods versus one for services. Net trade value in Sweden 2009-2019; Trade balance of processed agro-food in Spain 2012-2017; Trade balance of non-processed agro-food by type in Spain 2014; The data reached an all-time high of 2.8 USD bn in Mar 2006 and a record low of -1.2 USD bn in Aug 2016. Exports of goods and services (% of GDP) (2019) [2] 47.01%. Sweden has been a WTO member since 1 January 1995 and a member of GATT since 30 April 1950. Download historical data for 20 million indicators using your browser. The trade balance in Sweden switched to a SEK 4.7 billion surplus in October of 2020 from a SEK 3.9 billion deficit a year earlier. It is a member State of the European Union (more info). The international financial crisis plunged Sweden into severe recession, as the country depends heavily on international trade. 1960-2020 Data | 2021-2022 Forecast | Calendar | Historical. Norway, Russia, The United States and China play also an important role. Exports of goods decreased 6 percent year-on-year to SEK 128.1 billion, while imports of goods shrank 12 percent to SEK 123.4 billion. Sweden trade balance, exports and imports by country 2016 In 2016, Sweden major trading partner countries for exports were Germany, Norway, United States, Denmark and Finland and for imports they were Germany, Netherlands, Norway, Denmark and United Kingdom. Considering the January to July period of 2020, the country’s trade surplus widened to SEK 44.5 billion from SEK 25 billion in the corresponding period a year earlier, as exports went down 8 percent while imports dropped at a faster 10 percent. About Sweden Trade Balance NSA SEK The international trade balance measures the difference between the movement of merchandise trade leaving a country (exports) and entering a country (imports). As a result, the net trade balance was SEK 2.0 billion. Exports fell 6.0 percent annually in October and imports decreased 12.0 percent. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Trade in goods with countries outside the EU resulted in a surplus of SEK 21.9 billion, while EU trade resulted in a deficit of SEK 17.2 billion. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Swedish Household Consumption Softens in October, Swedish Inflation Rate Slows to 6-Month Low, Swedish Services Growth Highest in 2 Years, Sweden Factory Growth Strongest since 2017, Swedish Retail Trade Growth Beats Forecast, Swedish Consumer Morale Deteriorates in November, Sweden Producer Prices Fall More than Expected, Riksbank Holds Rates, Extends Asset Purchases, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. Data are in current U.S. dollars. Trade Balance deficit in Sweden increased to 2600 SEK Million (0.301 B USD) in September 2020. The Riksbank has long been in the practice of compiling "Balance of Payments ", i.e. Meantime, exports fell 9 percent to SEK 104 billion, as a decline in shipments to the EU (-16.3 percent) more than offset the increase in sales to non-EU countries (3.1 percent). Imports of goods and services (% of GDP) (2019) [2] 43.48%. The number of weekdays in October 2020 was one less compared with October 2019. The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. This page gathers information on Sweden's participation in the WTO. Iceland trade balance for 2019 was $1.14B, a 47.24% increase from 2018. The number of weekdays in September 2020 was one more compared with September 2019. European Union is by far its largest trading partner accounting for about 61% of exports and 72% of imports. 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