Exports and imports of goods, January-Juni 2022/quarter 2 2022, in current prices and in constant prices
Higher prices continue to drive up the value of trade in goods
Statistical news from Statistics Sweden 2022-08-29 8.00
In the second quarter 2022, exports of goods increased by 24 percent in value and by 2 percent in volume compared with the same period a year ago. At the same time, imports of goods rose by 30 percent in value and by 4 percent in volume.
Summary
- In the second quarter of 2022, Swedish exports of goods increased by 24 percent in value (in current prices), and in terms of volume (in constant prices) exports of goods increased by 2 percent, compared with the same period a year ago. Imports of goods increased by 30 percent in value, and in terms of volume they increased by 4 percent.
- Compared with the previous quarter, Swedish exports of goods increased by 7 percent in value while they remained the same in volume. Imports of goods increased by 9 percent in value and by 2 percent in volume.
- In the period January–June 2022, the value of Swedish exports of goods amounted to SEK 985 billion, an increase of 24 percent compared with the same period a year ago. At the same time, the value of imports of goods increased by 29 percent and amounted to SEK 988 billion.
- In the period January–June 2022, exports of goods increased by 3 percent in volume, and imports of goods increased by 4 percent.
- Net trade shows a deficit of SEK 3 billion in the period January–June 2022. In the same period in 2021, there was a net trade surplus of SEK 27 billion.
Detailed information about the second quarter 2022 (in current prices and in constant prices)
Exports of mineral fuels and electric current increased by 128 percent in value and by 12 percent in volume
In the second quarter of 2022, Sweden’s exports of goods increased by 24 percent in value and by 2 percent in volume, compared with the corresponding period a year ago.
Exports of machinery and transport equipment increased by 9 percent in value while they decreased by 2 percent in volume. Exports of mineral fuels and electric current rose by 128 percent in value and by 12 percent in volume. The large difference between value and volume development is due to higher prices for oil products. Minerals increased by 31 percent in value and by 3 percent in volume. Chemical and rubber products rose by 25 percent in value and by 11 percent in volume. Exports of wood and paper products rose by 26 percent in value and by 4 percent in volume. Within the other products area, exports of food/beverages/tobacco increased by 29 percent in value and by 5 percent in volume.
Imports of food/beverages/tobacco increased by 31 percent in value and by 5 percent in volume
In the second quarter of 2022, Sweden’s imports of goods increased by 30 percent in value and by 4 percent in volume compared with the corresponding period a year ago.
Imports of machinery and transport equipment increased by 17 percent in value and by 7 percent in volume. Imports of mineral fuels and electric current rose by 92 percent in value while they decreased by 11 percent in volume. Within this product area, imports of crude petroleum oils increased by 106 percent in value and by 4 percent in volume. The large difference between the value and volume development is due to higher crude oil prices. Imports of chemicals and rubber products rose by 29 percent in value and by 1 percent in volume. Imports of wood and paper products increased by 35 percent in value and by 5 percent in volume. Minerals rose by 41 percent in value while they decreased by 3 percent in volume. Within the other products area, imports of food/beverages/tobacco increased by 31 percent in value and by 5 percent in volume.
Value and volume trends
The value index and the volume index describe nominal and real value trends over time. The real value trends describe trends in which price changes have been removed. The indices are chain indices with base year 2015=100.
The value index for exports of goods in the second quarter 2022 has increased compared to the previous quarter and is higher in the second quarter of 2022 than in any previous period. Export prices have increased since the previous quarter. The volume index has decreased compared with the previous quarter but is higher than the volume index of the same quarter in 2021.
The value index for imports of goods increased in the second quarter 2022 compared to the previous quarter and is higher than any previous period. Import prices are higher than in the previous quarter. The volume index has increased compared with the previous quarter and is higher than the volume index of the same quarter in 2021.
| Exports | Imports | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Value (current prices) | Value (current prices) | ||||||||
| Region | January-June | Share in % | Change in % | January-June | Share in % | Change in % | |||
| 2022 | 2021 | 2022 | 2022/2021 | 2022 | 2021 | 2022 | 2022/2021 | ||
| Total | 985 264 | 791 745 | 100.0 | 24 | 987 552 | 765 141 | 100.0 | 29 | |
| Europe | 729 290 | 583 475 | 74.0 | 25 | 822 197 | 648 218 | 83.3 | 27 | |
| EU27_2020 | 534 698 | 423 569 | 54.3 | 26 | 629 617 | 519 379 | 63.8 | 21 | |
| EMU-19 | 398 053 | 317 259 | 40.4 | 25 | 492 933 | 404 472 | 49.9 | 22 | |
| Other European countries | 194 592 | 159 906 | 19.8 | 22 | 192 580 | 128 839 | 19.5 | 49 | |
| Africa | 16 943 | 13 118 | 1.7 | 29 | 8 642 | 5 153 | 0.9 | 68 | |
| North Africa | 8 336 | 6 878 | 0.8 | 21 | 2 410 | 2 245 | 0.2 | 7 | |
| West Africa | 1 911 | 1 427 | 0.2 | 34 | 4 562 | 1 817 | 0.5 | 151 | |
| Central, East and Southern Africa | 6 696 | 4 813 | 0.7 | 39 | 1 670 | 1 091 | 0.2 | 53 | |
| America | 120 413 | 88 878 | 12.2 | 35 | 42 864 | 29 760 | 4.3 | 44 | |
| North America | 100 656 | 74 951 | 10.2 | 34 | 35 019 | 23 777 | 3.5 | 47 | |
| Central and South America | 19 757 | 13 927 | 2.0 | 42 | 7 845 | 5 983 | 0.8 | 31 | |
| Asia | 104 924 | 95 259 | 10.6 | 10 | 111 160 | 80 383 | 11.3 | 38 | |
| Middle- and Near East | 15 615 | 14 758 | 1.6 | 6 | 2 805 | 2 021 | 0.3 | 39 | |
| Other countries in Asia | 89 309 | 80 501 | 9.1 | 11 | 108 354 | 78 362 | 11.0 | 38 | |
| Oceania and Antarctica | 9 986 | 8 463 | 1.0 | 18 | 2 676 | 1 290 | 0.3 | 107 | |
| Exports | ||||||||
|---|---|---|---|---|---|---|---|---|
| Value (current prices) | Value (current prices) | Volume (value in constant prices) | Value (current prices) | Volume (value in constant prices) | ||||
| Share in % | Change in % | Change in % | Change in % | Change in % | ||||
| Commodity group according to SITC | January-June 2022 | January-June 2021 | January-June 2022 | Q1-2 2022/Q1-2 2021 | Q1-2 2022/Q1-2 2021 | Q2 2022/Q2 2021 | Q2 2022/Q2 2021 | |
| Total | 985 264 | 791 745 | 100.0 | 24 | 3 | 24 | 2 | |
| Wood and paper products | 101 804 | 80 615 | 10.3 | 26 | 2 | 26 | 4 | |
| Wood | 31 008 | 23 228 | 3.1 | 33 | 9 | 23 | 5 | |
| Pulp and waste paper | 16 155 | 13 483 | 1.6 | 20 | ‑6 | 22 | 0 | |
| Paper, paperproducts | 49 946 | 40 065 | 5.1 | 25 | ‑2 | 31 | 1 | |
| Minerals | 116 457 | 88 737 | 11.8 | 31 | 2 | 31 | 3 | |
| Iron ore and concentrates | 18 038 | 19 163 | 1.8 | ‑6 | ‑1 | ‑6 | ‑2 | |
| Iron and steel | 49 712 | 34 542 | 5.0 | 44 | ‑3 | 47 | 0 | |
| Non-ferrous metals | 26 464 | 17 749 | 2.7 | 49 | 16 | 47 | 16 | |
| Chemicals, rubber products | 149 941 | 114 551 | 15.2 | 31 | 16 | 25 | 11 | |
| Organic/inorganic chemicals | 15 452 | 11 467 | 1.6 | 35 | ‑1 | 28 | ‑5 | |
| Pharmaceuticals products | 69 990 | 50 605 | 7.1 | 38 | 34 | 31 | 28 | |
| Plastics | 26 762 | 21 015 | 2.7 | 27 | 2 | 19 | ‑4 | |
| Mineral fuels, electric current | 105 379 | 51 169 | 10.7 | 106 | 6 | 128 | 12 | |
| Petroleum products | 82 774 | 39 821 | 8.4 | 108 | 10 | 120 | 11 | |
| Machinery, transport equipment | 386 686 | 350 038 | 39.2 | 10 | 0 | 9 | ‑2 | |
| Manufactures of metals | 25 104 | 21 801 | 2.5 | 15 | ‑1 | 13 | ‑3 | |
| Industrial machinery | 123 554 | 114 661 | 12.5 | 8 | 0 | 7 | ‑2 | |
| Electronics, telecommunication | 91 090 | 79 959 | 9.2 | 14 | 2 | 13 | 0 | |
| Road vehicles | 120 304 | 110 854 | 12.2 | 9 | ‑3 | 7 | ‑5 | |
| Passenger cars | 60 845 | 58 461 | 6.2 | 4 | ‑10 | ‑2 | ‑15 | |
| Lorries, trucks[1] | 19 656 | 15 803 | 2.0 | 24 | 13 | 26 | 16 | |
| Parts, accessories | 30 510 | 28 693 | 3.1 | 6 | ‑3 | 12 | 2 | |
| Other transport equipment | 6 203 | 4 204 | 0.6 | 48 | 37 | 14 | 6 | |
| Instruments, photo/optical products | 20 431 | 18 559 | 2.1 | 10 | 1 | 6 | ‑3 | |
| Other products | 124 996 | 106 636 | 12.7 | 17 | 1 | 17 | ‑1 | |
| Food, beverages, tobacco | 60 674 | 48 370 | 6.2 | 25 | 5 | 29 | 5 | |
| Textiles, clothing, footwear | 24 828 | 21 841 | 2.5 | 14 | 5 | 14 | 4 | |
| Furniture | 11 744 | 10 363 | 1.2 | 13 | ‑3 | 8 | ‑10 | |
| Imports | ||||||||
|---|---|---|---|---|---|---|---|---|
| Value (current prices) | Volume (value in constant prices) | Volume (value in constant prices) | ||||||
| Share in % | Change in % | Change in % | Change in % | Change in % | ||||
| Commodity group according to SITC | January-June 2022 | January-June 2021 | January-June 2022 | Q1-2 2022/Q1-2 2021 | Q1-2 2022/Q1-2 2021 | Q2 2022/Q2 2021 | Q2 2022/Q2 2021 | |
| Total | 987 552 | 765 141 | 100.0 | 29 | 4 | 30 | 4 | |
| Wood and paper products | 27 383 | 20 162 | 2.8 | 36 | 7 | 35 | 5 | |
| Minerals | 91 614 | 63 886 | 9.3 | 43 | 0 | 41 | ‑3 | |
| Iron and steel | 41 724 | 26 060 | 4.2 | 60 | 2 | 52 | ‑6 | |
| Non-ferrous metals | 21 288 | 13 653 | 2.2 | 56 | 4 | 55 | 3 | |
| Metalliferrous ores, metal scrap | 12 712 | 10 979 | 1.3 | 16 | ‑9 | 24 | 3 | |
| Chemicals, rubber products | 128 984 | 98 438 | 13.1 | 31 | 3 | 29 | 1 | |
| Organic/inorganic chemicals | 28 021 | 17 800 | 2.8 | 57 | ‑1 | 57 | ‑2 | |
| Pharmaceuticals products | 31 585 | 26 388 | 3.2 | 20 | 7 | 17 | 4 | |
| Plastics | 26 685 | 19 793 | 2.7 | 35 | 3 | 28 | ‑1 | |
| Crude rubber, rubber products | 10 688 | 8 836 | 1.1 | 21 | 8 | 25 | 12 | |
| Mineral fuels, electric current | 130 470 | 68 354 | 13.2 | 91 | ‑5 | 92 | ‑11 | |
| Crude petroleum oils | 76 391 | 36 619 | 7.7 | 109 | 9 | 106 | 4 | |
| Petroleum products | 38 456 | 23 841 | 3.9 | 61 | ‑18 | 58 | ‑27 | |
| Machinery, transport equipment | 399 566 | 345 347 | 40.5 | 16 | 6 | 17 | 7 | |
| Manufactures of metals | 34 375 | 26 063 | 3.5 | 32 | 9 | 30 | 5 | |
| Industrial machinery | 95 643 | 82 538 | 9.7 | 16 | 6 | 18 | 8 | |
| Electronics, telecommunication | 143 528 | 122 565 | 14.5 | 17 | 7 | 15 | 4 | |
| Road vehicles | 95 933 | 89 831 | 9.7 | 7 | 1 | 14 | 7 | |
| Passenger cars | 46 376 | 46 816 | 4.7 | ‑1 | ‑4 | 9 | 5 | |
| Parts and accessories | 30 553 | 28 425 | 3.1 | 7 | ‑2 | 10 | ‑1 | |
| Other transport equipment | 7 490 | 4 362 | 0.8 | 72 | 53 | 86 | 65 | |
| Instruments, photo/optical equip | 22 597 | 19 988 | 2.3 | 13 | 7 | 14 | 8 | |
| Other products | 209 535 | 168 955 | 21.2 | 24 | 6 | 25 | 6 | |
| Food, beverages, tobacco | 99 749 | 77 503 | 10.1 | 29 | 4 | 31 | 5 | |
| Textiles, clothing, footwear | 48 160 | 41 335 | 4.9 | 17 | 4 | 21 | 8 | |
| Furniture | 16 729 | 13 886 | 1.7 | 20 | 6 | 14 | 0 | |
Detailed information about January–June 2022 (current prices)
Imports from the United Kingdom increased by 77 percent
Sweden’s exports of goods to EU27 increased by 26 percent, and imports from there increased by 21 percent compared with the same period a year ago. Exports to the euro countries rose by 25 percent, and imports from there increased by 22 percent. Among the EU countries, exports to Germany increased by 23 percent, to Denmark by 22 percent and to Finland by 27 percent. Imports from Germany increased by 12 percent, from Denmark by 22 percent and from Finland by 39 percent. Machinery/transport equipment and minerals accounted for the largest import increase from Finland.
Exports to other European countries increased by 22 percent, and imports from there increased by 49 percent. Exports to the United Kingdom rose by 31 percent, and imports from there by 77 percent. In the period, exports of petroleum products and machinery/transport equipment accounted for the largest increase to the United Kingdom. Imports of crude petroleum oils accounted for the largest increase from the United Kingdom. Exports to Norway increased by 28 percent, and imports from there increased by 53 percent. In the period, exports of mineral fuels and machinery/transport equipment accounted for the largest increase to Norway. At the same time, imports of crude petroleum oils, minerals and food/beverages/tobacco accounted for the largest increase from Norway. Exports to Russia fell by 41 percent and imports from there by 19 percent. In the period, exports of machinery and transport equipment accounted for the largest decrease to Russia. At the same time, imports of organic/inorganic chemicals and crude petroleum oils accounted for the largest decrease from Russia.
Exports to Asia rose by 10 percent, and imports from there by 38 percent. Exports to China decreased by 2 percent, while imports from there increased by 49 percent. In the period, imports of machinery/transport equipment accounted for the largest increase from China.
Exports to the United States increased by 34 percent and imports from there by 52 percent. In the period, exports of pharmaceuticals products and machinery/transport equipment accounted for the largest increase to the United States. At the same time, imports of machinery/transport equipment and mineral fuels/electric current accounted for the largest increase from the United States.
Exports of mineral fuels and electric current increased by 106 percent
Exports of machinery and transport equipment increased by 10 percent. Exports of minerals increased by 31 percent. Within this product area, exports of iron/steel rose by 44 percent, while exports of iron ore fell by 6 percent. Exports of wood and paper products increased by 26 percent, and mineral fuels and electric current increased by 106 percent. Exports of chemicals and rubber products rose by 31 percent. Within the other products area, food/beverages/tobacco increased by 25 percent.
Imports of crude petroleum oils increased by 109 percent
Imports of machinery and transport equipment increased by 16 percent. Imports of minerals increased by 43 percent. Within this product area, imports of iron/steel rose by 60 percent. Imports of wood and paper products increased by 36 percent and imports of chemicals and rubber products rose by 31 percent. Imports of mineral fuels and electric current increased by 91 percent. Within this product area, imports of crude petroleum oils increased by 109 percent. Within the other products area, imports of food/beverages/tobacco increased by 29 percent.
Definitions and explanations
The United Kingdom’s withdrawal from the European Union has led to the replacement of the former EU28 group in the country tables for foreign trade in goods with the EU27_2020 group. This change applies to country tables with data reported as from January 2020. The cutoff point is January 2020, rather than the actual withdrawal month February 2020, since the values in the tables are based on accumulated periods starting from January.
Next publishing will be
2022-11-29 at 08:00.
Statistical Database
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