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Exports, imports and net trade balance, April 2020, in current prices

Net trade balance at SEK 7.6 billion in April

Statistical news from Statistics Sweden 2020-05-29 9.30

In April 2020, Swedish exports of goods amounted to SEK 106.7 billion, while imports of goods amounted to SEK 99.1 billion. As a result, the net trade balance was SEK 7.6 billion.

Foreign trade in goods resulted in a net trade surplus of SEK 7.6 billion in April 2020, according to preliminary calculations. In April 2019, there was a net trade deficit of SEK 0.1 billion.

The value of exports in April was SEK 106.7 billion, while imports were valued at SEK 99.1 billion. Compared with April 2019, exports decreased by 17 percent in value, and imports decreased by 23 percent in value.

Trade in goods with countries outside the EU resulted in a surplus of SEK 19.4 billion, while EU trade resulted in a deficit of SEK 11.8 billion. As from February 2020, the United Kingdom no longer forms part of the group EU Member States and, is included, instead, in the group Non-EU Member States.

The number of weekdays in April 2020 was the same as in April 2019.

Seasonally adjusted, net trade showed a surplus of SEK 5.5 billion in April, compared with a surplus of SEK 5.4 billion in March. The corresponding figure for February was a surplus of SEK 5.0 billion.

Net trade (Jan – Apr 2020) surplus of SEK 37.3 billion

In this period, the value of exports of goods decreased by 2 percent, while the value of imports of goods decreased by 8 percent compared with the corresponding period a year ago. Exports were valued at SEK 497.1 billion and imports were valued at SEK 459.8 billion, resulting in a net trade surplus of SEK 37.3 billion for January – April 2020. The corresponding net trade balance for these months a year earlier was a surplus of SEK 10.9 billion.

Exports, imports and net trade in goods 2018–2020 (SEK billion). Revised figures in bold type
 MonthTotalEU Member States*Non EU Member States
  201820192020201820192020201820192020
Exports Jan 115.2 125.8 131.2 67.6 74.0 75.9 47.6 51.8 55.3
  Febr 108.4 122.1 127.8 65.9 72.3 67.0 42.5 49.8 60.8
  March 122.4 133.2 131.4 73.3 79.3 67.0 49.1 53.9 64.4
  April 116.8 128.5 106.7 68.5 74.7 52.0 48.3 53.8 54.7
  May 124.4 136.7   75.2 78.9   49.2 57.8  
  June 126.1 122.1   73.4 71.4   52.7 50.7  
  July 108.5 122.7   64.5 68.2   44.0 54.5  
  Aug 112.8 113.7   69.1 68.3   43.7 45.4  
  Sept 123.3 128.1   74.9 74.0   48.4 54.1  
  Oct 135.9 137.1   80.7 78.7   55.2 58.4  
  Nov 137.6 131.5   81.5 73.7   56.1 57.8  
  Dec 110.2 116.9   63.4 65.6   46.8 51.3  
  Total 1 441.6 1 518.4 497.1 858.0 879.1 261.8 583.6 639.3 235.3
Imports Jan 118.8 124.8 119.6 83.5 87.0 83.9 35.3 37.8 35.7
  Febr 111.1 117.4 114.9 81.0 84.6 76.9 30.1 32.8 38.0
  March 121.1 127.9 126.2 87.5 90.6 85.0 33.6 37.3 41.2
  April 124.0 128.6 99.1 87.6 89.7 63.8 36.4 38.9 35.3
  May 131.2 130.6   93.5 93.2   37.7 37.4  
  June 125.9 120.5   88.3 84.5   37.6 36.0  
  July 109.9 116.3   73.3 77.9   36.6 38.4  
  Aug 121.4 119.1   80.5 80.5   40.9 38.6  
  Sept 121.5 126.7   84.7 91.4   36.8 35.3  
  Oct 144.9 140.9   99.2 98.5   45.7 42.4  
  Nov 135.1 129.2   97.0 93.2   38.1 36.0  
  Dec 117.4 119.6   81.8 83.8   35.6 35.8  
  Total 1 482.3 1 501.6 459.8 1 037.9 1 054.9 309.6 444.4 446.7 150.2
Net Trade of Goods Jan ‑3.6 1.0 11.6 ‑15.9 ‑13.0 ‑8.0 12.3 14.0 19.6
  Febr ‑2.7 4.7 12.9 ‑15.1 ‑12.3 ‑10.0 12.4 17.0 22.9
  March 1.3 5.3 5.2 ‑14.2 ‑11.3 ‑18.0 15.5 16.6 23.2
  April ‑7.2 ‑0.1 7.6 ‑19.1 ‑15.0 ‑11.8 11.9 14.9 19.4
  May ‑6.8 6.1   ‑18.3 ‑14.3   11.5 20.4  
  June 0.2 1.6   ‑14.9 ‑13.1   15.1 14.7  
  July ‑1.4 6.4   ‑8.8 ‑9.7   7.4 16.1  
  Aug ‑8.6 ‑5.4   ‑11.4 ‑12.2   2.8 6.8  
  Sept 1.8 1.4   ‑9.8 ‑17.4   11.6 18.8  
  Oct ‑9.0 ‑3.8   ‑18.5 ‑19.8   9.5 16.0  
  Nov 2.5 2.3   ‑15.5 ‑19.5   18.0 21.8  
  Dec ‑7.2 ‑2.7   ‑18.4 ‑18.2   11.2 15.5  
  Total ‑40.7 16.8 37.3 ‑179.9 ‑175.8 ‑47.8 139.2 192.6 85.1

*) As from February 2020, the United Kingdom no longer forms part of the group EU Member States and is included, instead, in the group Non-EU Member States.

Definitions and explanations

Last month’s import and export values in trade with the EU are estimates based on data provided by a large subset of companies that trade with the EU. Most (95 percent) of the deviation between these estimates and the subsequent outcome lies within the range of SEK -2 billion and SEK 1 billion for both imports and exports.

Import and export values for trade in goods with non-EU countries are based largely on data from Swedish Customs.

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

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