Exports, imports and net trade balance, July 2020, in current prices
Net trade balance at SEK 2.9 billion in July
Statistical news from Statistics Sweden 2020-08-27 9.30
In July 2020, Swedish exports of goods amounted to SEK 103.8 billion, while imports of goods amounted to SEK 100.9 billion. As a result, the net trade balance was SEK 2.9 billion.
Foreign trade in goods resulted in a net trade surplus of SEK 2.9 billion in July 2020, according to preliminary calculations. In July 2019, there was a net trade surplus of SEK 6.4 billion.
The value of exports in July 2020 was SEK 103.8 billion, while imports were valued at SEK 100.9 billion. The corresponding values for July 2019 were SEK 122.7 billion for exports and SEK 116.3 billion for imports. Exports of goods thus decreased by 15 percent in value, and imports decreased by 13 percent in value compared with July 2019. The number of weekdays in July 2020 was the same as in July 2019.
Trade in goods with countries outside the EU resulted in a surplus of SEK 16.8 billion, while EU trade resulted in a deficit of SEK 13.9 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 2.4 billion in July, compared with a surplus of SEK 3.2 billion in June. The corresponding figure for May was a surplus of SEK 4.0 billion.
Net trade (Jan – Jul 2020) surplus of SEK 44.5 billion
In this period, the value of exports of goods decreased by 8 percent, while the value of imports of goods decreased by 10 percent compared with the corresponding period a year ago. Exports were valued at SEK 821.5 billion and imports were valued at SEK 777.0 billion, resulting in a net trade surplus of SEK 44.5 billion for January – July 2020. The corresponding net trade balance for these months a year earlier was a surplus of SEK 25.0 billion.
Month | Total | EU Member States[*] | Non EU Member States | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2018 | 2019 | 2020 | 2018 | 2019 | 2020 | 2018 | 2019 | 2020 | |||
Exports | Jan | 115.2 | 125.8 | 131.1 | 67.6 | 74.0 | 75.8 | 47.6 | 51.8 | 55.3 | |
Febr | 108.4 | 122.1 | 127.7 | 65.9 | 72.3 | 66.9 | 42.5 | 49.8 | 60.8 | ||
March | 122.4 | 133.2 | 131.1 | 73.3 | 79.3 | 66.9 | 49.1 | 53.9 | 64.2 | ||
April | 116.8 | 128.5 | 106.4 | 68.5 | 74.7 | 52.3 | 48.3 | 53.8 | 54.1 | ||
May | 124.4 | 136.7 | 102.3 | 75.2 | 78.9 | 53.0 | 49.2 | 57.8 | 49.3 | ||
June | 126.1 | 122.1 | 119.1 | 73.4 | 71.4 | 60.8 | 52.7 | 50.7 | 58.3 | ||
July | 108.5 | 122.7 | 103.8 | 64.5 | 68.2 | 52.8 | 44.0 | 54.5 | 51.0 | ||
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 | 821.5 | 858.0 | 879.1 | 428.4 | 583.6 | 639.3 | 393.1 | ||
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 | 114.8 | 81.0 | 84.6 | 76.8 | 30.1 | 32.8 | 38.0 | ||
March | 121.1 | 127.9 | 126.1 | 87.5 | 90.6 | 84.9 | 33.6 | 37.3 | 41.2 | ||
April | 124.0 | 128.6 | 101.4 | 87.6 | 89.7 | 66.1 | 36.4 | 38.9 | 35.3 | ||
May | 131.2 | 130.6 | 100.7 | 93.5 | 93.2 | 67.5 | 37.7 | 37.4 | 33.2 | ||
June | 125.9 | 120.5 | 113.5 | 88.3 | 84.5 | 77.0 | 37.6 | 36.0 | 36.5 | ||
July | 109.9 | 116.3 | 100.9 | 73.3 | 77.9 | 66.7 | 36.6 | 38.4 | 34.2 | ||
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 | 777.0 | 1 037.9 | 1 054.9 | 522.8 | 444.4 | 446.7 | 254.2 | ||
Net Trade of Goods | Jan | ‑3.6 | 1.0 | 11.5 | ‑15.9 | ‑13.0 | ‑8.1 | 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 | 5.0 | ‑14.2 | ‑11.3 | ‑18.0 | 15.5 | 16.6 | 23.0 | ||
April | ‑7.2 | ‑0.1 | 5.0 | ‑19.1 | ‑15.0 | ‑13.8 | 11.9 | 14.9 | 18.8 | ||
May | ‑6.8 | 6.1 | 1.6 | ‑18.3 | ‑14.3 | ‑14.5 | 11.5 | 20.4 | 16.1 | ||
June | 0.2 | 1.6 | 5.6 | ‑14.9 | ‑13.1 | ‑16.2 | 15.1 | 14.7 | 21.8 | ||
July | ‑1.4 | 6.4 | 2.9 | ‑8.8 | ‑9.7 | ‑13.9 | 7.4 | 16.1 | 16.8 | ||
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 | 44.5 | ‑179.9 | ‑175.8 | ‑94.4 | 139.2 | 192.6 | 138.9 |
*) 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.
Next publishing will be
2020-09-28, 09:30.
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.