Exports, imports and net trade balance, August 2023, in current prices
Net trade balance at SEK -8.4 billion in August
Statistical news from Statistics Sweden 2023-09-27 8.00
In August 2023, Swedish exports of goods amounted to SEK 156.5 billion, while imports of goods amounted to SEK 164.9 billion. As a result, the net trade balance was SEK -8.4 billion.
Foreign trade in goods resulted in a net trade deficit of SEK 8.4 billion in August 2023, according to preliminary calculations. In August 2022, there was a net trade deficit of SEK 17.7 billion.
The value of exports in August 2023 was SEK 156.5 billion, while imports were valued at SEK 164.9 billion. The corresponding values for August 2022 were SEK 149.5 billion for exports and SEK 167.2 billion for imports. Exports of goods have thus increased by 5 percent in value, while imports have decreased by 1 percent in value compared with August 2022. The number of weekdays in August 2023 was the same as it was in August 2022.
Trade in goods with countries outside the EU resulted in a surplus of SEK 11.8 billion, while EU trade resulted in a deficit of SEK 20.2 billion.
| Month | Total | EU Member States[*] | Non EU Member States | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2022 | 2023 | 2021 | 2022 | 2023 | 2021 | 2022 | 2023 | |||
| Exports | Jan | 114.1 | 141.3 | 172.0 | 63.2 | 78.8 | 97.3 | 50.9 | 62.5 | 74.7 | |
| Febr | 123.3 | 151.0 | 170.2 | 65.8 | 81.8 | 95.7 | 57.5 | 69.2 | 74.5 | ||
| March | 144.1 | 183.9 | 196.2 | 77.9 | 99.3 | 107.8 | 66.2 | 84.6 | 88.4 | ||
| April | 131.7 | 155.9 | 162.4 | 69.8 | 84.4 | 89.8 | 61.9 | 71.4 | 72.6 | ||
| May | 133.5 | 172.1 | 178.6 | 70.4 | 92.7 | 96.9 | 63.1 | 79.4 | 81.7 | ||
| June | 144.4 | 181.4 | 177.6 | 76.2 | 98.9 | 99.6 | 68.2 | 82.5 | 78.0 | ||
| July | 126.7 | 152.8 | 146.8 | 66.4 | 79.1 | 78.6 | 60.3 | 73.6 | 68.2 | ||
| Aug | 115.6 | 149.5 | 156.5 | 64.2 | 84.3 | 87.6 | 51.4 | 65.2 | 68.9 | ||
| Sept | 146.8 | 180.1 | 79.2 | 98.7 | 67.6 | 81.2 | |||||
| Oct | 145.5 | 176.5 | 79.4 | 94.6 | 66.1 | 81.9 | |||||
| Nov | 153.4 | 183.1 | 83.7 | 98.6 | 69.7 | 84.5 | |||||
| Dec | 147.4 | 170.9 | 77.8 | 88.4 | 69.6 | 82.5 | |||||
| Total | 1 626.5 | 1 998.5 | 1 360.3 | 874.0 | 1 079.6 | 753.3 | 752.5 | 918.5 | 607.0 | ||
| Imports | Jan | 110.1 | 142.4 | 164.4 | 75.1 | 89.1 | 106.7 | 35.0 | 53.3 | 57.7 | |
| Febr | 118.8 | 150.0 | 164.2 | 80.8 | 97.3 | 111.5 | 38.0 | 52.7 | 52.7 | ||
| March | 141.7 | 179.7 | 187.3 | 96.6 | 115.3 | 126.4 | 45.1 | 64.5 | 60.9 | ||
| April | 130.3 | 159.5 | 166.1 | 88.5 | 99.8 | 111.7 | 41.8 | 59.7 | 54.4 | ||
| May | 130.3 | 177.4 | 178.5 | 86.9 | 112.1 | 121.2 | 43.4 | 65.3 | 57.3 | ||
| June | 135.5 | 179.7 | 175.0 | 91.1 | 116.5 | 120.7 | 44.4 | 63.2 | 54.3 | ||
| July | 120.0 | 156.6 | 140.7 | 79.5 | 91.1 | 96.1 | 40.5 | 65.6 | 44.6 | ||
| Aug | 126.4 | 167.2 | 164.9 | 81.4 | 101.8 | 107.8 | 45.0 | 65.4 | 57.1 | ||
| Sept | 141.3 | 180.9 | 91.5 | 118.6 | 49.8 | 61.7 | |||||
| Oct | 146.0 | 188.1 | 94.5 | 121.6 | 51.5 | 66.5 | |||||
| Nov | 153.9 | 189.1 | 101.2 | 119.6 | 52.7 | 69.5 | |||||
| Dec | 152.1 | 174.0 | 99.9 | 114.0 | 52.2 | 60.0 | |||||
| Total | 1 606.4 | 2 044.6 | 1 341.1 | 1 067.0 | 1 296.8 | 902.1 | 539.4 | 747.4 | 439.0 | ||
| Net Trade of Goods | Jan | 4.0 | ‑1.1 | 7.6 | ‑11.9 | ‑10.3 | ‑9.4 | 15.9 | 9.2 | 17.0 | |
| Febr | 4.5 | 1.0 | 6.0 | ‑15.0 | ‑15.5 | ‑15.8 | 19.5 | 16.5 | 21.8 | ||
| March | 2.4 | 4.2 | 8.9 | ‑18.7 | ‑16.0 | ‑18.6 | 21.1 | 20.1 | 27.5 | ||
| April | 1.4 | ‑3.6 | ‑3.7 | ‑18.7 | ‑15.4 | ‑21.9 | 20.1 | 11.7 | 18.2 | ||
| May | 3.2 | ‑5.3 | 0.1 | ‑16.5 | ‑19.4 | ‑24.3 | 19.7 | 14.1 | 24.4 | ||
| June | 8.9 | 1.7 | 2.6 | ‑14.9 | ‑17.6 | ‑21.1 | 23.8 | 19.3 | 23.7 | ||
| July | 6.7 | ‑3.8 | 6.1 | ‑13.1 | ‑12.0 | ‑17.5 | 19.8 | 8.0 | 23.6 | ||
| Aug | ‑10.8 | ‑17.7 | ‑8.4 | ‑17.2 | ‑17.5 | ‑20.2 | 6.4 | ‑0.2 | 11.8 | ||
| Sept | 5.5 | ‑0.8 | ‑12.3 | ‑19.9 | 17.8 | 19.5 | |||||
| Oct | ‑0.5 | ‑11.6 | ‑15.1 | ‑27.0 | 14.6 | 15.4 | |||||
| Nov | ‑0.5 | ‑6.0 | ‑17.5 | ‑21.0 | 17.0 | 15.0 | |||||
| Dec | ‑4.7 | ‑3.1 | ‑22.1 | ‑25.6 | 17.4 | 22.5 | |||||
| Total | 20.1 | ‑46.1 | 19.2 | ‑193.0 | ‑217.2 | ‑148.8 | 213.1 | 171.1 | 168.0 | ||
Seasonally adjusted, net trade showed a surplus of SEK 1.5 billion in August, compared with a surplus of SEK 0.5 billion in July. The net trade for June was SEK 0 billion.
Net trade (January – August 2023) showed a surplus of SEK 19.2 billion
During the last eight months, the value of exports of goods increased by 6 percent and the value of imports of goods increased by 2 percent compared with the corresponding period a year ago. Exports were valued at SEK 1360.3 billion and imports were valued at SEK 1341.1 billion, resulting in a net trade surplus of SEK 19.2 billion for January - August 2023. The corresponding net trade balance for these months one year earlier was a deficit of SEK 24.6 billion.
Statistical Database
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