Exports, imports and net trade balance, January 2021, in current prices
Net trade balance at SEK 5.2 billion in January
Statistical news from Statistics Sweden 2021-02-26 9.30
In January 2021, Swedish exports of goods amounted to SEK 113.4 billion, while imports of goods amounted to SEK 108.2 billion. As a result, the net trade balance was SEK 5.2 billion.
Foreign trade in goods resulted in a net trade surplus of SEK 5.2 billion in January 2021, according to preliminary calculations. In January 2020, there was a net trade surplus of SEK 11.1 billion.
The value of exports in January 2021 was SEK 113.4 billion, while imports were valued at SEK 108.2 billion. The corresponding values for January 2020 were SEK 131.3 billion for exports and SEK 120.2 billion for imports. Exports of goods have thus decreased by 14 percent in value and imports have decreased by 10 percent in value compared with January 2020. The number of weekdays in January 2021 was two less than in January 2020.
Trade in goods with countries outside the EU resulted in a surplus of SEK 16.1 billion, while EU trade resulted in a deficit of SEK 10.9 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.
Seasonally adjusted, net trade showed a surplus of SEK 4.7 billion in January, compared with a surplus of SEK 4.8 billion in December. The corresponding figure for November was a surplus of SEK 4.6 billion.
Net trade (Nov 2020 – Jan 2021) showed a surplus of SEK 8.6 billion
During this period, the value of exports of goods decreased by 5 percent and the value of imports of goods decreased by 4 percent compared with the corresponding period a year ago. Exports were valued at SEK 361.5 billion and imports were valued at SEK 352.9 billion, resulting in a net trade surplus of SEK 8.6 billion for November 2020 - January 2021. The corresponding net trade balance for these months a year earlier was a surplus of SEK 10.8 billion.
| Month | Total | EU Member States[*] | Non EU Member States | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2019 | 2020 | 2021 | 2019 | 2020 | 2021 | |||
| Exports | Jan | 125.7 | 131.3 | 113.4 | 74.0 | 75.8 | 62.6 | 51.7 | 55.5 | 50.8 | |
| Febr | 122.0 | 127.6 | 72.2 | 73.4 | 49.8 | 54.2 | |||||
| March | 133.1 | 131.1 | 79.2 | 73.8 | 53.9 | 57.3 | |||||
| April | 128.4 | 106.4 | 74.6 | 56.9 | 53.8 | 49.5 | |||||
| May | 136.5 | 102.3 | 78.8 | 57.2 | 57.7 | 45.1 | |||||
| June | 122.5 | 119.5 | 71.4 | 66.6 | 51.1 | 52.9 | |||||
| July | 123.0 | 104.1 | 68.2 | 57.1 | 54.8 | 47.0 | |||||
| Aug | 113.6 | 103.9 | 68.2 | 62.6 | 45.4 | 41.3 | |||||
| Sept | 128.2 | 124.7 | 74.1 | 73.7 | 54.1 | 51.0 | |||||
| Oct | 137.0 | 128.7 | 78.6 | 74.8 | 58.4 | 53.9 | |||||
| Nov | 131.5 | 128.4 | 73.7 | 76.2 | 57.8 | 52.2 | |||||
| Dec | 116.9 | 119.7 | 65.6 | 69.8 | 51.3 | 49.9 | |||||
| Total | 1 518.4 | 1 427.7 | 113.4 | 878.6 | 817.9 | 62.6 | 639.8 | 609.8 | 50.8 | ||
| Imports | Jan | 124.8 | 120.2 | 108.2 | 86.8 | 84.2 | 73.5 | 38.0 | 36.0 | 34.7 | |
| Febr | 117.6 | 114.8 | 84.5 | 82.0 | 33.1 | 32.8 | |||||
| March | 128.3 | 125.5 | 90.6 | 90.7 | 37.7 | 34.8 | |||||
| April | 128.8 | 101.0 | 89.7 | 70.1 | 39.1 | 30.9 | |||||
| May | 131.0 | 101.2 | 93.2 | 71.5 | 37.8 | 29.7 | |||||
| June | 120.9 | 114.4 | 84.5 | 82.6 | 36.4 | 31.8 | |||||
| July | 116.5 | 100.2 | 77.9 | 70.5 | 38.6 | 29.7 | |||||
| Aug | 119.2 | 105.7 | 80.5 | 75.8 | 38.7 | 29.9 | |||||
| Sept | 127.1 | 121.8 | 91.5 | 88.7 | 35.6 | 33.1 | |||||
| Oct | 140.9 | 124.3 | 98.3 | 91.3 | 42.6 | 33.0 | |||||
| Nov | 128.9 | 126.6 | 92.8 | 94.0 | 36.1 | 32.6 | |||||
| Dec | 119.8 | 118.1 | 83.5 | 86.9 | 36.3 | 31.2 | |||||
| Total | 1 503.8 | 1 373.8 | 108.2 | 1 053.8 | 988.3 | 73.5 | 450.0 | 385.5 | 34.7 | ||
| Net Trade of Goods | Jan | 0.9 | 11.1 | 5.2 | ‑12.8 | ‑8.4 | ‑10.9 | 13.7 | 19.5 | 16.1 | |
| Febr | 4.4 | 12.8 | ‑12.3 | ‑8.6 | 16.7 | 21.4 | |||||
| March | 4.8 | 5.6 | ‑11.4 | ‑16.9 | 16.2 | 22.5 | |||||
| April | ‑0.4 | 5.4 | ‑15.1 | ‑13.2 | 14.7 | 18.6 | |||||
| May | 5.5 | 1.1 | ‑14.4 | ‑14.3 | 19.9 | 15.4 | |||||
| June | 1.6 | 5.1 | ‑13.1 | ‑16.0 | 14.7 | 21.1 | |||||
| July | 6.5 | 3.9 | ‑9.7 | ‑13.4 | 16.2 | 17.3 | |||||
| Aug | ‑5.6 | ‑1.8 | ‑12.3 | ‑13.2 | 6.7 | 11.4 | |||||
| Sept | 1.1 | 2.9 | ‑17.4 | ‑15.0 | 18.5 | 17.9 | |||||
| Oct | ‑3.9 | 4.4 | ‑19.7 | ‑16.5 | 15.8 | 20.9 | |||||
| Nov | 2.6 | 1.8 | ‑19.1 | ‑17.8 | 21.7 | 19.6 | |||||
| Dec | ‑2.9 | 1.6 | ‑17.9 | ‑17.1 | 15.0 | 18.7 | |||||
| Total | 14.6 | 53.9 | 5.2 | ‑175.2 | ‑170.4 | ‑10.9 | 189.8 | 224.3 | 16.1 | ||
*) 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.