Exports, imports and net trade balance, November 2020, in current prices
Net trade balance at SEK 1.4 billion in November
Statistical news from Statistics Sweden 2020-12-29 9.30
In November 2020, Swedish exports of goods amounted to SEK 128.0 billion, while imports of goods amounted to SEK 126.6 billion. As a result, the net trade balance was SEK 1.4 billion.
Foreign trade in goods resulted in a net trade surplus of SEK 1.4 billion in November 2020, according to preliminary calculations. In November 2019, there was a net trade surplus of SEK 2.6 billion.
The value of exports in November 2020 was SEK 128.0 billion, while imports were valued at SEK 126.6 billion. The corresponding values for November 2019 were SEK 131.5 billion for exports and SEK 128.9 billion for imports. Exports of goods have thus decreased by 3 percent in value, and imports have decreased by 2 percent in value compared with November 2019. The number of weekdays in November 2020 was the same as in November 2019.
Trade in goods with countries outside the EU resulted in a surplus of SEK 20.6 billion, while EU trade resulted in a deficit of SEK 19.2 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 4.1 billion in both November and October. The corresponding figure for September was a surplus of SEK 4.3 billion.
Net trade (Jan – Nov 2020) surplus of SEK 56.0 billion
In this period, the value of exports of goods decreased by 7 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 1307.7 billion and imports were valued at SEK 1251.7 billion, resulting in a net trade surplus of SEK 56.0 billion for January – November 2020. The corresponding net trade balance for these months a year earlier was a surplus of SEK 17.5 billion.
Month | Total | EU Member States[*] | Non EU Member States | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2018 | 2019 | 2020 | 2018 | 2019 | 2020 | 2018 | 2019 | 2020 | |||
Exports | Jan | 115.2 | 125.7 | 131.3 | 67.6 | 74.0 | 75.8 | 47.6 | 51.7 | 55.5 | |
Febr | 108.4 | 122.0 | 127.6 | 65.9 | 72.2 | 66.8 | 42.5 | 49.8 | 60.8 | ||
March | 122.4 | 133.1 | 131.0 | 73.3 | 79.2 | 66.8 | 49.1 | 53.9 | 64.2 | ||
April | 116.8 | 128.4 | 106.4 | 68.5 | 74.6 | 52.3 | 48.3 | 53.8 | 54.1 | ||
May | 124.4 | 136.5 | 102.3 | 75.2 | 78.8 | 53.0 | 49.2 | 57.7 | 49.3 | ||
June | 126.1 | 122.5 | 119.5 | 73.4 | 71.4 | 60.8 | 52.7 | 51.1 | 58.7 | ||
July | 108.5 | 123.0 | 104.1 | 64.5 | 68.2 | 52.1 | 44.0 | 54.8 | 52.0 | ||
Aug | 112.8 | 113.6 | 104.0 | 69.1 | 68.2 | 57.5 | 43.7 | 45.4 | 46.5 | ||
Sept | 123.3 | 128.2 | 124.6 | 74.9 | 74.1 | 66.9 | 48.4 | 54.1 | 57.7 | ||
Oct | 135.9 | 137.0 | 128.9 | 80.7 | 78.6 | 67.4 | 55.2 | 58.4 | 61.5 | ||
Nov | 137.6 | 131.5 | 128.0 | 81.5 | 73.7 | 68.8 | 56.1 | 57.8 | 59.2 | ||
Dec | 110.2 | 116.9 | 63.4 | 65.6 | 46.8 | 51.3 | |||||
Total | 1 441.6 | 1 518.4 | 1 307.7 | 858.0 | 878.6 | 688.2 | 583.6 | 639.8 | 619.5 | ||
Imports | Jan | 118.8 | 124.8 | 119.7 | 83.5 | 86.8 | 83.8 | 35.3 | 38.0 | 35.9 | |
Febr | 111.1 | 117.6 | 114.6 | 81.0 | 84.5 | 76.7 | 30.1 | 33.1 | 37.9 | ||
March | 121.1 | 128.3 | 125.0 | 87.5 | 90.6 | 84.7 | 33.6 | 37.7 | 40.3 | ||
April | 124.0 | 128.8 | 100.8 | 87.6 | 89.7 | 65.9 | 36.4 | 39.1 | 34.9 | ||
May | 131.2 | 131.0 | 100.5 | 93.5 | 93.2 | 67.3 | 37.7 | 37.8 | 33.2 | ||
June | 125.9 | 120.9 | 113.9 | 88.3 | 84.5 | 77.2 | 37.6 | 36.4 | 36.7 | ||
July | 109.9 | 116.5 | 99.8 | 73.3 | 77.9 | 65.7 | 36.6 | 38.6 | 34.1 | ||
Aug | 121.4 | 119.2 | 105.6 | 80.5 | 80.5 | 71.3 | 40.9 | 38.7 | 34.3 | ||
Sept | 121.5 | 127.1 | 121.3 | 84.7 | 91.5 | 82.9 | 36.8 | 35.6 | 38.4 | ||
Oct | 144.9 | 140.9 | 123.9 | 99.2 | 98.3 | 85.7 | 45.7 | 42.6 | 38.2 | ||
Nov | 135.1 | 128.9 | 126.6 | 97.0 | 92.8 | 88.0 | 38.1 | 36.1 | 38.6 | ||
Dec | 117.4 | 119.8 | 81.8 | 83.5 | 35.6 | 36.3 | |||||
Total | 1 482.3 | 1 503.8 | 1 251.7 | 1 037.9 | 1 053.8 | 849.1 | 444.4 | 450.0 | 402.6 | ||
Net Trade of Goods | Jan | ‑3.6 | 0.9 | 11.6 | ‑15.9 | ‑12.8 | ‑8.0 | 12.3 | 13.7 | 19.6 | |
Febr | ‑2.7 | 4.4 | 13.0 | ‑15.1 | ‑12.3 | ‑9.9 | 12.4 | 16.7 | 22.9 | ||
March | 1.3 | 4.8 | 6.0 | ‑14.2 | ‑11.4 | ‑17.9 | 15.5 | 16.2 | 23.9 | ||
April | ‑7.2 | ‑0.4 | 5.6 | ‑19.1 | ‑15.1 | ‑13.6 | 11.9 | 14.7 | 19.2 | ||
May | ‑6.8 | 5.5 | 1.8 | ‑18.3 | ‑14.4 | ‑14.3 | 11.5 | 19.9 | 16.1 | ||
June | 0.2 | 1.6 | 5.6 | ‑14.9 | ‑13.1 | ‑16.4 | 15.1 | 14.7 | 22.0 | ||
July | ‑1.4 | 6.5 | 4.3 | ‑8.8 | ‑9.7 | ‑13.6 | 7.4 | 16.2 | 17.9 | ||
Aug | ‑8.6 | ‑5.6 | ‑1.6 | ‑11.4 | ‑12.3 | ‑13.8 | 2.8 | 6.7 | 12.2 | ||
Sept | 1.8 | 1.1 | 3.3 | ‑9.8 | ‑17.4 | ‑16.0 | 11.6 | 18.5 | 19.3 | ||
Oct | ‑9.0 | ‑3.9 | 5.0 | ‑18.5 | ‑19.7 | ‑18.3 | 9.5 | 15.8 | 23.3 | ||
Nov | 2.5 | 2.6 | 1.4 | ‑15.5 | ‑19.1 | ‑19.2 | 18.0 | 21.7 | 20.6 | ||
Dec | ‑7.2 | ‑2.9 | ‑18.4 | ‑17.9 | 11.2 | 15.0 | |||||
Total | ‑40.7 | 14.6 | 56.0 | ‑179.9 | ‑175.2 | ‑160.9 | 139.2 | 189.8 | 216.9 |
*) 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.
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.