Exports and imports of goods, quarter 2 2023/January-Juni 2023, in current prices and in constant prices
Exports of goods fell by 4 percent compared with the first quarter
Statistical news from Statistics Sweden 2023-08-29 8.00
In the second quarter 2023, exports of goods decreased compared with the first quarter. At the same time, imports of goods rose marginally. Compared with the second quarter 2022, both exports and imports of goods rose slightly in value while they fell slightly in volume.
– In the first six months, crude petroleum oils accounted for the largest decrease from Norway, says Ari Mansikkaviita, statistician at Statistics Sweden.
Summary
- In the second quarter of 2023, Swedish exports of goods increased by 2 percent in value (in current prices), while in terms of volume (in constant prices) exports of goods decreased by 2 percent, compared with the same period a year ago. Imports of goods increased by 1 percent in value, while in terms of volume they decreased by 3 percent.
- Compared with the previous quarter, Swedish exports of goods fell by 4 percent in both value and in volume. Imports of goods rose by 1 percent in value and by 2 percent in volume.
- In the period January–June 2023, the value of Swedish exports of goods amounted to SEK 1 056 billion, an increase of 7 percent compared with the same period a year ago. At the same time, the value of imports of goods increased by 5 percent and amounted to SEK 1 035 billion.
- In the period January–June 2023, exports of goods remained the same while imports of goods decreased by 2 percent in volume compared with the same period a year ago.
- Net trade shows a surplus of SEK 21 billion in the period January–June 2023. In the same period in 2022, there was a net trade deficit of SEK 3 billion.
Detailed information about the second quarter 2023 (in current prices and in constant prices)
Exports of passenger cars increased by 46 percent in value and by 34 percent in volume
In the second quarter of 2023, Sweden’s exports of goods increased by 2 percent in value while they decreased by 2 percent in volume, compared with the corresponding period a year ago.
Within the product area machinery and transport equipment, export of passenger cars increased by 46 percent in value and by 34 percent in volume. Exports of mineral fuels and electric current fell by 38 percent in value and by 15 percent in volume. Within the other products area, exports of food/beverages/tobacco increased by 7 percent in value while they fell by 4 percent in volume.
Exports of mineral fuels and electric current fell by 38 percent in value and by 15 percent in volume. Within the other products area, exports of food/beverages/tobacco increased by 7 percent in value while they fell by 4 percent in volume.
| 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 2023 | January-June 2022 | January-June 2023 | Q1-2 2023/Q1-2 2022 | Q1-2 2023/Q1-2 2022 | Q2 2023/Q2 2022 | Q2 2023/Q2 2022 | |
| Total | 1 056 411 | 985 641 | 100.0 | 7 | 0 | 2 | ‑2 | |
| Wood and paper products | 96 947 | 101 941 | 9.2 | ‑5 | ‑4 | ‑13 | ‑7 | |
| Wood | 23 248 | 31 049 | 2.2 | ‑25 | 16 | ‑31 | 11 | |
| Pulp and waste paper | 17 183 | 16 146 | 1.6 | 6 | ‑8 | ‑3 | ‑6 | |
| Paper, paper products | 52 291 | 50 019 | 4.9 | 5 | ‑12 | ‑4 | ‑15 | |
| Minerals | 111 065 | 116 470 | 10.5 | ‑5 | ‑6 | ‑14 | ‑12 | |
| Iron ore and concentrates | 17 338 | 18 032 | 1.6 | ‑4 | ‑8 | ‑18 | ‑16 | |
| Iron and steel | 49 038 | 49 662 | 4.6 | ‑1 | ‑4 | ‑10 | ‑10 | |
| Non-ferrous metals | 23 090 | 26 440 | 2.2 | ‑13 | ‑11 | ‑21 | ‑16 | |
| Chemicals, rubber products | 160 403 | 150 058 | 15.2 | 7 | 1 | 2 | ‑2 | |
| Organic/inorganic chemicals | 16 588 | 15 447 | 1.6 | 7 | 0 | ‑12 | ‑14 | |
| Pharmaceutical products | 78 176 | 70 069 | 7.4 | 12 | 5 | 8 | 1 | |
| Plastics | 24 569 | 26 748 | 2.3 | ‑8 | ‑6 | ‑10 | ‑3 | |
| Mineral fuels, electric current | 82 473 | 104 702 | 7.8 | ‑21 | ‑8 | ‑38 | ‑15 | |
| Petroleum products | 65 440 | 82 362 | 6.2 | ‑21 | ‑10 | ‑36 | ‑17 | |
| Machinery, transport equipment | 467 848 | 387 249 | 44.3 | 21 | 6 | 21 | 7 | |
| Manufactures of metals | 26 166 | 25 183 | 2.5 | 4 | ‑5 | 1 | ‑6 | |
| Industrial machinery | 153 664 | 123 680 | 14.5 | 24 | 9 | 24 | 9 | |
| Electronics, telecommunication | 100 135 | 91 001 | 9.5 | 10 | ‑6 | 8 | ‑7 | |
| Road vehicles | 159 370 | 120 595 | 15.1 | 32 | 18 | 34 | 19 | |
| Passenger cars | 84 086 | 60 930 | 8.0 | 38 | 26 | 46 | 34 | |
| Lorries, trucks[1] | 26 068 | 19 633 | 2.5 | 33 | 8 | 25 | 1 | |
| Parts, accessories | 37 762 | 30 747 | 3.6 | 23 | 10 | 18 | 7 | |
| Other transport equipment | 5 840 | 6 374 | 0.6 | ‑8 | ‑16 | 59 | 46 | |
| Instruments, photo/optical products | 22 673 | 20 416 | 2.1 | 11 | 0 | 9 | ‑2 | |
| Other products | 137 674 | 125 220 | 13.0 | 10 | ‑1 | 6 | ‑4 | |
| Food, beverages, tobacco | 68 032 | 60 692 | 6.4 | 12 | ‑1 | 7 | ‑4 | |
| Textiles, clothing, footwear | 26 419 | 24 792 | 2.5 | 7 | ‑1 | ‑1 | ‑6 | |
| Furniture | 11 925 | 11 785 | 1.1 | 1 | ‑14 |
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Imports of mineral fuels and electric current fell by 25 percent in value while they remained the same in volume
In the second quarter of 2023, Sweden’s imports of goods increased by 1 percent in value while they fell by 3 percent in volume compared with the corresponding period a year ago.
Within the product area machinery and transport equipment, imports of passenger cars increased by 36 percent in value and by 26 percent in volume. Imports of mineral fuels and electric current fell by 25 percent in value while they remained the same in volume. Within the other products area, imports of food/beverages/tobacco increased by 9 percent in value while they fell by 2 percent in volume.
| Imports | ||||||||
|---|---|---|---|---|---|---|---|---|
| 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 2023 | January-June 2022 | January-June 2023 | Q1-2 2023/Q1-2 2022 | Q1-2 2023/Q1-2 2022 | Q2 2023/Q2 2022 | Q2 2023/Q2 2022 | |
| Total | 1 035 245 | 988 762 | 100.0 | 5 | ‑2 | 1 | ‑3 | |
| Wood and paper products | 27 971 | 27 325 | 2.7 | 2 | ‑14 | ‑6 | ‑14 | |
| Minerals | 84 265 | 91 575 | 8.1 | ‑8 | ‑6 | ‑13 | ‑7 | |
| Iron and steel | 36 093 | 41 778 | 3.5 | ‑14 | ‑7 | ‑17 | ‑5 | |
| Non-ferrous metals | 17 870 | 21 195 | 1.7 | ‑16 | ‑10 | ‑21 | ‑11 | |
| Metalliferrous ores, metal scrap | 14 824 | 12 694 | 1.4 | 17 | 23 | 6 | 16 | |
| Chemicals, rubber products | 136 810 | 129 772 | 13.2 | 5 | ‑1 | ‑1 | ‑3 | |
| Organic/inorganic chemicals | 32 861 | 28 557 | 3.2 | 15 | 4 | 0 | ‑3 | |
| Pharmaceutical products | 35 684 | 31 674 | 3.4 | 13 | 4 | 11 | 2 | |
| Plastics | 23 665 | 26 576 | 2.3 | ‑11 | ‑7 | ‑16 | ‑6 | |
| Crude rubber, rubber products | 11 455 | 10 708 | 1.1 | 7 | ‑8 | 0 | ‑13 | |
| Mineral fuels, electric current | 112 910 | 132 465 | 10.9 | ‑15 | ‑1 | ‑25 | 0 | |
| Crude petroleum oils | 58 007 | 76 718 | 5.6 | ‑24 | ‑9 | ‑35 | ‑14 | |
| Petroleum products | 42 036 | 40 834 | 4.1 | 3 | 10 | ‑4 | 24 | |
| Machinery, transport equipment | 457 342 | 397 927 | 44.2 | 15 | 2 | 15 | 3 | |
| Manufactures of metals | 33 271 | 34 441 | 3.2 | ‑3 | ‑12 | ‑9 | ‑15 | |
| Industrial machinery | 112 611 | 95 900 | 10.9 | 17 | 4 | 17 | 5 | |
| Electronics, telecommunication | 156 338 | 141 427 | 15.1 | 11 | ‑2 | 14 | 2 | |
| Road vehicles | 122 677 | 96 056 | 11.9 | 28 | 13 | 27 | 13 | |
| Passenger cars | 62 603 | 46 514 | 6.0 | 35 | 24 | 36 | 26 | |
| Parts and accessories | 37 122 | 30 466 | 3.6 | 22 | 1 | 16 | ‑4 | |
| Other transport equipment | 7 186 | 7 653 | 0.7 | ‑6 | ‑13 | ‑12 | ‑18 | |
| Instruments, photo/optical equip | 25 259 | 22 451 | 2.4 | 13 | 1 | 9 | ‑2 | |
| Other products | 215 948 | 209 699 | 20.9 | 3 | ‑10 | ‑1 | ‑12 | |
| Food, beverages, tobacco | 113 291 | 99 914 | 10.9 | 13 | ‑2 | 9 | ‑2 | |
| Textiles, clothing, footwear | 45 879 | 48 198 | 4.4 | ‑5 | ‑16 | ‑12 | ‑22 | |
| Furniture | 13 964 | 16 681 | 1.3 | ‑16 | ‑28 | ‑16 | ‑26 | |
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 and the volume index for exports decreased in the second quarter compared to the first quarter. The value index is marginally higher the second quarter compared to the same period last year.
The value index for imports of goods increased in the second quarter and is higher compared to the same period last year. The volume index increased in the second quarter compared to the first quarter, but is lower compared to the fourth quarter of 2022.
Detailed information about January–June 2023 (current prices)
Imports of goods from Norway fell by 11 percent
Sweden’s exports of goods to EU27 increased by 9 percent, and imports from there increased by 11 percent compared with the same period a year ago. Exports to the euro countries rose by 12 percent, and imports from there increased by 11 percent. Among the EU countries, exports to Germany increased by 12 percent and to both Denmark and Finland exports increased by 2 percent. Imports from Germany increased by 14 percent, from Denmark by 4 percent and from Finland by 1 percent.
Exports to other European countries decreased by 2 percent, and imports from there fell by 12 percent. Exports to the United Kingdom rose by 3 percent, while imports from there decreased by 18 percent. In the period, imports of crude petroleum oils accounted for the largest decrease from the United Kingdom. Exports to Norway fell by 8 percent, and imports from there decreased by 11 percent. In the period, imports of crude petroleum oils accounted for the largest decrease from Norway. Exports to Russia fell by 33 percent and imports from there by 97 percent. In the period, exports of chemical and rubber products rose by 29 percent while exports within the other product areas were almost nought.
Exports to Asia rose by 10 percent, while imports from there decreased by 9 percent. Exports to China increased by 9 percent, while imports from there fell by 19 percent. In the period, imports of machinery/transport equipment accounted for the largest decrease from China.
Exports to the United States increased by 7 percent, and imports from there by 18 percent. In the period, imports of crude petroleum oils and pharmaceutical products accounted for the largest increase from the United States.
| Exports | Imports | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Value (current prices) | Value (current prices) | ||||||||
| Region | January-June | Share in % | Change in % | January-June | Share in % | Change in % | |||
| 2023 | 2022 | 2023 | 2023/2022 | 2023 | 2022 | 2023 | 2023/2022 | ||
| Total | 1 056 411 | 985 641 | 100.0 | 7 | 1 035 245 | 988 762 | 100.0 | 5 | |
| Europe | 775 922 | 729 545 | 73.4 | 6 | 867 714 | 822 699 | 83.8 | 5 | |
| EU27_2020 | 585 882 | 535 425 | 55.5 | 9 | 697 902 | 629 750 | 67.4 | 11 | |
| EMU-20 | 448 168 | 399 896 | 42.4 | 12 | 549 900 | 493 751 | 53.1 | 11 | |
| Other European countries | 190 040 | 194 120 | 18.0 | ‑2 | 169 812 | 192 949 | 16.4 | ‑12 | |
| Africa | 18 706 | 17 025 | 1.8 | 10 | 11 217 | 8 737 | 1.1 | 28 | |
| North Africa | 8 455 | 8 348 | 0.8 | 1 | 3 136 | 2 413 | 0.3 | 30 | |
| West Africa | 2 288 | 1 907 | 0.2 | 20 | 5 546 | 4 559 | 0.5 | 22 | |
| Central, East and Southern Africa | 7 963 | 6 770 | 0.8 | 18 | 2 535 | 1 764 | 0.2 | 44 | |
| America | 131 365 | 120 493 | 12.4 | 9 | 49 989 | 43 354 | 4.8 | 15 | |
| North America | 108 969 | 100 762 | 10.3 | 8 | 42 174 | 35 553 | 4.1 | 19 | |
| Central and South America | 22 396 | 19 732 | 2.1 | 14 | 7 815 | 7 801 | 0.8 | 0 | |
| Asia | 115 306 | 104 899 | 10.9 | 10 | 101 311 | 111 242 | 9.8 | ‑9 | |
| Middle- and Near East | 18 892 | 15 616 | 1.8 | 21 | 6 067 | 2 805 | 0.6 | 116 | |
| Other countries in Asia | 96 414 | 89 283 | 9.1 | 8 | 95 244 | 108 436 | 9.2 | ‑12 | |
| Oceania and Antarctica | 11 012 | 10 005 | 1.0 | 10 | 4 987 | 2 717 | 0.5 | 84 | |
Exports of passenger cars increased by 38 percent
Exports of machinery and transport equipment increased by 21 percent. Within this product area, passenger cars rose by 38 percent. Exports of mineral fuels and electric current fell by 21 percent. Within the other products area, food/beverages/tobacco increased by 12 percent.
Imports of food/beverages/tobacco increased by 13 percent
Imports of machinery and transport equipment increased by 15 percent. Within this product area, passenger cars rose by 35 percent. Imports of mineral fuels and electric current decreased by 15 percent. Within the other products area, imports of food/beverages/tobacco increased by 13 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
2023-11-29 at 08:00.
Statistical Database
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