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Trends in volume of exports and imports of goods, 1st quarter 2017:

Exports and imports of goods continued to increase in volume

Statistical news from Statistics Sweden 2017-05-29 9.30

Exports of goods from Sweden increased 5 percent in volume (value in constant prices) in the first quarter of 2017 compared with the first quarter of 2016. In the same period, imports of goods to Sweden increased 6 percent in volume.

In current prices, exports of goods increased by 13 percent and imports of goods increased by 14 percent. Price increases can explain differences between current and fixed prices.

Export volume of wood and paper products increased

Exports of goods increased by 5 percent in volume in the first quarter of 2017 compared with the first quarter of 2016.

Exports of machinery and transport equipment increased by 6 percent in volume. Within this product area, electronics and telecommunication increased by 3 percent. Exports of passenger cars, lorries and trucks as well as parts and accessories also increased in volume during this period.

The export volume of mineral fuels and electric current decreased by 2 percent, whereas the export volume of chemical and rubber products increased by 9 percent in volume. Within the latter product area, exports of pharmaceutical products increased by 12 percent.

Minerals increased in export volume by 2 percent, and the exports of wood and paper products increased by 6 percent. Exports of wood, as well as paper and paper products, increased by 6 and 7 percent, respectively.

The export volume of other products increased by 2 percent.

Increased import volume of petroleum products

Imports of goods increased by 6 percent in volume in the first quarter of 2017 compared with the first quarter of 2016.

Imports of machinery and transport equipment increased by 9 percent in volume. Within this product area, imports of industrial machinery increased by 9 percent, passenger cars by 14 percent and parts and accessories by 8 percent.

The import volume of mineral fuels and electric current increased by 2 percent in the first quarter. Within this product area, the volume of imports increased by 19 percent for petroleum products, while the volume of imports decreased by 3 percent for crude petroleum oils.

As regards chemical and rubber products, the import volume increased by 3 percent. Within this product area, the import volume of pharmaceutical products increased.

Imports of wood and paper products increased by 11 percent and imports of minerals increased by 10 percent in the first quarter.

Imports of other products increased by 1 percent in volume. Within this product area, the imports of furniture increased by 12 percent.

Exports – volume and value trends by important commodity groups
Change in % against corresponding period last year          
  Volume Volume Volume Volume Value
  Year 2016 3 q 2016 4 q 2016 1 q 2017 1 q 2017
Total 3.0 1.3 3.4 4.6 13.1
Wood and paper products 2.1 1.9 2.9 5.8 8.0
Wood 4.2 6.2 4.9 5.6 11.1
Pulp and waste paper ‑0.4 ‑7.1 ‑4.5 0.1 4.1
Paper, paperproducts 2.3 2.7 4.4 7.2 7.6
Minerals 7.3 3.7 9.2 2.0 25.6
Iron ore and concentrates .. .. .. .. 63.5
Iron and steel 8.9 5.5 14.1 ‑2.2 16.7
Non-ferrous metals 3.6 2.0 7.1 6.1 28.6
Chemicals, rubber products 3.8 4.9 3.8 8.6 14.1
Organic/inorganic chemicals 9.4 16.3 2.0 11.3 16.7
Pharmaceuticals products 2.7 2.7 7.2 12.1 19.6
Plastics 3.8 5.4 0.0 3.9 9.7
Mineral fuels, electric current 6.9 1.2 3.4 ‑2.3 55.9
Petroleum products 9.3 3.5 5.7 ‑2.8 59.4
Machinery, transport equipment 2.4 0.5 2.8 5.5 7.7
Manufactures of metals 0.4 ‑0.5 ‑2.6 ‑2.5 3.2
Industrial machinery ‑3.0 ‑3.5 2.0 4.2 7.2
Electronics, telecommunication ‑0.2 3.1 3.8 3.0 2.6
Road vehicles 13.0 4.4 2.0 14.6 17.6
Passenger cars 19.8 ‑12.0 ‑0.3 10.4 14.0
Lorries, trucks [1] ‑4.8 ‑9.3 3.0 30.5 33.3
Parts, accessories 18.0 37.6 3.2 11.1 13.4
Other transport equipment 5.6 ‑16.6 31.0 ‑42.3 ‑39.5
Instruments, photo/optical products 1.6 1.6 3.7 3.1 4.6
Other products 0.1 ‑0.4 2.0 2.4 9.8
Food, beverages, tobacco 1.3 2.0 ‑0.3 ‑4.2 7.8
Textiles, clothing, footwear ‑0.3 0.3 1.2 9.6 10.3
Furniture ‑0.7 ‑0.8 2.9 6.2 8.7

[1] Including road tractors for semi-trailers

Imports – volume and value trends by important commodity groups
Change in % against corresponding period last year          
  Volume Volume Volume Volume Value
  Year 2016 3 q 2016 4 q 2016 1 q 2017 1 q 2017
Total 5.7 3.7 4.7 5.6 13.9
Wood and paper products 9.3 11.2 13.8 10.9 10.9
Minerals 8.7 4.4 12.1 10.3 28.8
Iron and steel 13.3 7.1 21.9 16.3 35.7
Non-ferrous metals 9.9 4.2 7.2 4.0 23.5
Metalliferrous ores, metal scrap ‑2.4 ‑4.2 ‑2.7 2.3 41.1
Chemicals, rubber products 3.6 3.6 1.0 2.6 6.9
Organic/inorganic chemicals ‑4.9 ‑3.3 ‑6.6 ‑4.2 2.9
Pharmaceuticals products 10.2 11.3 8.4 3.7 4.8
Plastics 5.0 3.9 0.4 3.8 11.3
Crude rubber, rubber products 1.1 0.1 0.4 7.6 9.4
Mineral fuels, electric current 9.8 9.9 8.2 2.3 58.7
Crude petroleum oils 2.0 5.4 ‑3.0 ‑2.6 67.7
Petroleum products 17.5 17.5 17.7 19.2 65.2
Machinery, transport equipment 6.0 2.9 4.6 8.6 10.1
Manufactures of metals 5.1 1.5 5.8 8.3 12.5
Industrial machinery ‑0.3 ‑4.5 ‑3.0 8.5 9.6
Electronics, telecommunication 5.6 5.8 3.9 5.0 5.8
Road vehicles 14.5 7.9 10.4 14.3 16.1
Passenger cars 14.6 7.4 12.6 14.3 16.0
Parts and accessories 9.8 ‑1.4 ‑0.1 8.2 9.0
Other transport equipment ‑1.9 ‑12.6 32.2 0.2 2.8
Instruments, photo/optical equip 1.7 0.5 1.1 5.5 9.7
Other products 3.3 2.7 2.4 1.1 7.1
Food, beverages, tobacco 3.0 2.5 0.9 ‑3.3 7.3
Textiles, clothing, footwear 4.3 3.5 8.1 2.5 4.5
Furniture 2.7 3.7 5.5 11.9 10.9

Definitions and explanations

Volume changes (value changes in constant prices) are calculated on a quarterly basis and are based on foreign trade statistics’ values in current prices for different product groups, as well as information on price changes mainly taken from Statistics Sweden’s calculations for the export and import price indices. The calculations are based on the total export/import value for different product categories, that is, the values are estimated upwards to account for the undercoverage and non-response that occurs in the statistics on trade with EU countries. The calculations are done as chain indices for the different product areas/total, with the base year 2000 (=100). The volume index is calculated according to Laspeyres’ formula, while the price index is calculated according to Paasche’s formula. Information for the current and the most recent year is regularly revised, depending on revisions of the underlying foreign trade material with values in current prices. Information on price changes may also occasionally be revised.

Publication

This report is published in more detail in the Statistical Report.

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2017-08-28 at 09:30.

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