Exports and imports of goods, quarter 4 2024/January-December 2024, in current prices and in constant prices
Exports of goods continued down in the fourth quarter
Statistical news from Statistics Sweden 2025-02-27 8.00
In the fourth quarter 2024, exports of goods fell by 3 percent in value and by 1 percent in volume compared with the same period a year ago. At the same time, imports of goods decreased by 2 percent in value while they remained the same in volume.
– In the fourth quarter of 2024, exports of road vehicles decreased by 15 percent in value which amounted to about SEK 12 billion says Ari Mansikkaviita, statistician at Statistics Sweden.
Summary
- In the fourth quarter of 2024, Swedish exports of goods decreased by 3 percent in value (in current prices), and in terms of volume (in constant prices) they fell by 1 percent, compared with the same period a year ago. Imports of goods fell by 2 percent in value, and in terms of volume they remained the same.
- Compared with the previous quarter, Swedish exports of goods increased by 11 percent in value and by 10 percent in volume. Imports of goods rose by 7 percent in both value and volume.
- In the period January–December 2024, the value of Swedish exports of goods amounted to SEK 2 069 billion, a decrease of 1 percent compared with the same period a year ago. At the same time, the value of imports of goods decreased by 3 percent and amounted to SEK 1 997 billion.
- In the period January–December 2024, exports of goods remained the same while imports of goods decreased by 1 percent in volume.
- Net trade shows a surplus of SEK 72 billion in the period January–December 2024. In the same period in 2023, there was a net trade surplus of SEK 46 billion.
Detailed information about the fourth quarter 2024 (in current prices and in constant prices)
Exports of machinery and transport equipment decreased by 6 percent in value and by 5 percent in volume
Exports of machinery and transport equipment decreased by 6 percent in value and by 5 percent in volume, compared with the same quarter last year. Within this product area, exports of road vehicles fell by 15 percent in value, and by 14 percent in volume. Exports of wood and paper products rose by 8 percent in value, and by 3 percent in volume. Exports of minerals increased by 3 percent in value, and by 2 percent in volume. Within this product area, exports of iron ore and concentrates fell by 9 percent in value, while they rose by 4 percent in volume. Exports of mineral fuels and electric current decreased by 11 percent in value, while they increased by 5 percent in volume. The difference between value and volume development is due to lower prices for minerals fuels/electric current.
| Exports | ||||||||
|---|---|---|---|---|---|---|---|---|
| Value (current prices) | Value (current prices) | Volume (value in constant prices) | Value (current prices) | Volume (value in constant prices) | ||||
| Share in % | Change in % | Change in % | Change in % | Change in % | ||||
| Commodity group according to SITC | January-Deceember 2024 | January-December 2023 | January-December 2024 | Q1-4 2024/Q1-4 2023 | Q1-4 2024/Q1-4 2023 | Q4 2024/Q4 2023 | Q4 2024/Q4 2023 | |
| Total | 2 068 753 | 2 095 875 | 100.0 | ‑1 | 0 | ‑3 | ‑1 | |
| Wood and paper products | 186 012 | 184 254 | 9.0 | 1 | 4 | 8 | 3 | |
| Wood | 44 430 | 42 428 | 2.1 | 5 | ‑1 | 19 | 5 | |
| Pulp and waste paper | 29 684 | 33 276 | 1.4 | ‑11 | ‑15 | ‑7 | ‑20 | |
| Paper, paper products | 104 042 | 100 523 | 5.0 | 4 | 13 | 9 | 9 | |
| Minerals | 213 671 | 216 100 | 10.3 | ‑1 | 0 | 3 | 2 | |
| Iron ore and concentrates | 27 601 | 34 498 | 1.3 | ‑20 | ‑16 | ‑9 | 4 | |
| Iron and steel | 78 714 | 88 274 | 3.8 | ‑11 | ‑5 | ‑7 | ‑4 | |
| Non-ferrous metals | 61 308 | 50 145 | 3.0 | 22 | 17 | 11 | 4 | |
| Chemicals, rubber products | 312 145 | 310 088 | 15.1 | 1 | 1 | 2 | 3 | |
| Organic/inorganic chemicals | 28 984 | 31 196 | 1.4 | ‑7 | 0 | ‑12 | ‑8 | |
| Pharmaceutical products | 150 958 | 152 568 | 7.3 | ‑1 | ‑2 | ‑3 | ‑3 | |
| Plastics | 51 248 | 46 453 | 2.5 | 10 | 12 | 22 | 22 | |
| Mineral fuels, electric current | 158 123 | 169 582 | 7.6 | ‑7 | 4 | ‑11 | 5 | |
| Petroleum products | 132 317 | 139 688 | 6.4 | ‑5 | 3 | ‑12 | 2 | |
| Machinery, transport equipment | 918 203 | 930 534 | 44.4 | ‑1 | ‑2 | ‑6 | ‑5 | |
| Manufactures of metals | 50 713 | 50 650 | 2.5 | 0 | 0 | 1 | 2 | |
| Industrial machinery | 295 703 | 302 059 | 14.3 | ‑2 | ‑5 | ‑5 | ‑6 | |
| Electronics, telecommunication | 216 467 | 210 381 | 10.5 | 3 | 6 | 0 | 6 | |
| Road vehicles | 292 743 | 309 381 | 14.2 | ‑5 | ‑6 | ‑15 | ‑14 | |
| Passenger cars | 160 356 | 164 279 | 7.8 | ‑2 | ‑3 | ‑14 | ‑13 | |
| Lorries, trucks[1] | 45 792 | 50 199 | 2.2 | ‑9 | ‑13 | ‑11 | ‑10 | |
| Parts, accessories | 68 356 | 73 262 | 3.3 | ‑7 | ‑7 | ‑16 | ‑16 | |
| Other transport equipment | 13 846 | 11 473 | 0.7 | 21 | 22 | ‑36 | ‑34 | |
| Instruments, photo/optical products | 48 730 | 46 590 | 2.4 | 5 | 2 | 12 | 11 | |
| Other products | 280 599 | 285 316 | 13.6 | ‑2 | ‑2 | 0 | 1 | |
| Food, beverages, tobacco | 140 376 | 143 216 | 6.8 | ‑2 | ‑3 | 0 | ‑2 | |
| Textiles, clothing, footwear | 53 914 | 54 943 | 2.6 | ‑2 | ‑1 | 3 | 9 | |
| Furniture | 22 672 | 23 653 | 1.1 | ‑4 | ‑4 | ‑5 | ‑2 | |
Imports of mineral fuels and electric current fell by 17 percent in value while they remained the same in volume
Imports of machinery and transport equipment decreased by 4 percent in both value and volume. Imports of wood and paper products rose by 18 percent in value, and by 12 percent in volume. Imports of minerals increased by 3 percent in both value and volume. Imports of chemicals and rubber products fell by 1 percent in value, while they rose by 1 percent in volume. Within this product area, imports of pharmaceutical products increased by 10 percent in value, and by 12 percent in volume, while imports of organic/inorganic chemicals decreased by 14 percent in value and by 13 percent in volume. Imports of mineral fuels and electric current fell by 17 percent in value, while they remained the same in volume. The difference between value and volume development is due to lower prices for minerals fuels/electric current. Within the other products area, imports of food/beverages/tobacco rose by 3 percent in value, and by 1 percent in volume.
| Imports | ||||||||
|---|---|---|---|---|---|---|---|---|
| Value (current prices) | Value (current prices) | Volume (value in constant prices) | Value (current prices) | Volume (value in constant prices) | ||||
| Share in % | Change in % | Change in % | Change in % | Change in % | ||||
| Commodity group according to SITC | January-December 2024 | January-December 2023 | January-December 2024 | Q1-4 2024/Q1-4 2023 | Q1-4 2024/Q1-4 2023 | Q4 2024/Q4 2023 | Q4 2024/Q4 2023 | |
| Total | 1 997 067 | 2 050 341 | 100.0 | ‑3 | ‑1 | ‑2 | 0 | |
| Wood and paper products | 55 445 | 52 129 | 2.8 | 6 | 9 | 18 | 12 | |
| Minerals | 159 046 | 159 232 | 8.0 | 0 | 4 | 3 | 3 | |
| Iron and steel | 56 470 | 64 491 | 2.8 | ‑12 | ‑2 | ‑7 | 0 | |
| Non-ferrous metals | 43 165 | 37 731 | 2.2 | 14 | 17 | 3 | ‑1 | |
| Metalliferous ores, metal scrap | 31 578 | 26 345 | 1.6 | 20 | 12 | 43 | 30 | |
| Chemicals, rubber products | 264 873 | 263 522 | 13.3 | 1 | 2 | ‑1 | 1 | |
| Organic/inorganic chemicals | 56 335 | 62 983 | 2.8 | ‑11 | ‑12 | ‑14 | ‑13 | |
| Pharmaceutical products | 80 482 | 70 878 | 4.0 | 14 | 15 | 10 | 12 | |
| Plastics | 43 009 | 42 900 | 2.2 | 0 | 4 | 5 | 8 | |
| Crude rubber, rubber products | 20 997 | 21 798 | 1.1 | ‑4 | ‑5 | ‑1 | ‑6 | |
| Mineral fuels, electric current | 206 841 | 229 285 | 10.4 | ‑10 | ‑2 | ‑17 | 0 | |
| Crude petroleum oils | 119 024 | 119 584 | 6.0 | 0 | 2 | ‑16 | ‑2 | |
| Petroleum products | 65 933 | 84 426 | 3.3 | ‑22 | ‑9 | ‑22 | 4 | |
| Machinery, transport equipment | 876 015 | 915 008 | 43.9 | ‑4 | ‑5 | ‑4 | ‑4 | |
| Manufactures of metals | 60 158 | 63 119 | 3.0 | ‑5 | ‑2 | 0 | 2 | |
| Industrial machinery | 208 505 | 213 044 | 10.4 | ‑2 | ‑5 | 0 | ‑1 | |
| Electronics, telecommunication | 323 255 | 330 249 | 16.2 | ‑2 | 0 | ‑1 | 0 | |
| Road vehicles | 213 638 | 237 671 | 10.7 | ‑10 | ‑12 | ‑5 | ‑7 | |
| Passenger cars | 108 359 | 121 359 | 5.4 | ‑11 | ‑11 | ‑2 | ‑2 | |
| Parts and accessories | 68 810 | 71 722 | 3.4 | ‑4 | ‑7 | ‑6 | ‑12 | |
| Other transport equipment | 18 851 | 20 579 | 0.9 | ‑8 | ‑10 | ‑61 | ‑63 | |
| Instruments, photo/optical equip | 51 608 | 50 346 | 2.6 | 3 | ‑2 | 6 | 2 | |
| Other products | 434 847 | 431 164 | 21.8 | 1 | 1 | 5 | 4 | |
| Food, beverages, tobacco | 228 708 | 228 014 | 11.5 | 0 | 1 | 3 | 1 | |
| Textiles, clothing, footwear | 94 934 | 92 035 | 4.8 | 3 | 3 | 11 | 12 | |
| Furniture | 26 636 | 26 679 | 1.3 | 0 | ‑3 | 7 | 3 | |
Value and volume trends
The value index and the volume index describe nominal and real value trends over time. The real value trends describe trends in which price changes have been removed. The indices are chain indices with base year 2015=100.
The value index and the volume index for exports of goods increased in the fourth quarter compared with the third quarter. The value index and the volume index are lower compared with the same period last year. Compared with 2023 is value index lower while the volume index remains the same.
The value index and the volume index for imports of goods increased in the fourth quarter compared with the third quarter. The value index is lower while the volume index remained the same compared with the same period last year. Compared with 2023 are value index and volume index lower.
Detailed information about January–December 2024 (current prices)
Imports of goods from Norway fell by 10 percent
Both Sweden’s exports of goods to and imports of goods from EU27 decreased by 3 percent compared with the same period a year ago. Exports to euro countries fell by 3 percent and imports from there by 4 percent. Among the EU countries, exports to both Germany and Finland decreased by 4 percent and to Denmark by 5 percent. Imports from Germany fell by 5 percent while imports from Finland and Denmark rose by 4 percent and by 1 percent respectively.
Exports to other European countries increased by 1 percent, while imports from there decreased by 8 percent. Exports to the United Kingdom fell by 3 percent, and imports from there by 2 percent. Exports to Norway increased by 3 percent, while imports from there fell by 10 percent. In the period, imports of mineral fuels and electric current accounted for the largest decrease from Norway. Exports to Russia rose by 1 percent, and imports from there by 6 percent.
Exports to Asia rose by 1 percent, and imports from there by 3 percent. Exports to China fell by 1 percent, while imports from there rose by 7 percent.
Exports to the United States decreased by 1 percent, while imports from there increased by 1 percent.
| Exports | Imports | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Value (current prices) | Value (current prices) | ||||||||
| Region | January-December | Share in % | Change in % | January-December | Share in % | Change in % | |||
| 2024 | 2023 | 2024 | 2024/2023 | 2024 | 2023 | 2024 | 2024/2023 | ||
| Total | 2 068 753 | 2 095 875 | 100.0 | ‑1 | 1 997 067 | 2 050 341 | 100.0 | ‑3 | |
| Europe | 1 501 835 | 1 533 252 | 72.6 | ‑2 | 1 651 675 | 1 723 484 | 82.7 | ‑4 | |
| EU27_2020 | 1 119 672 | 1 153 036 | 54.1 | ‑3 | 1 336 026 | 1 379 772 | 66.9 | ‑3 | |
| EMU-20 | 854 368 | 878 179 | 41.3 | ‑3 | 1 043 958 | 1 089 347 | 52.3 | ‑4 | |
| Other European countries | 382 164 | 380 216 | 18.5 | 1 | 315 649 | 343 712 | 15.8 | ‑8 | |
| Africa | 42 196 | 37 312 | 2.0 | 13 | 22 753 | 20 738 | 1.1 | 10 | |
| North Africa | 22 516 | 17 897 | 1.1 | 26 | 9 104 | 7 426 | 0.5 | 23 | |
| West Africa | 3 652 | 4 288 | 0.2 | ‑15 | 10 917 | 9 085 | 0.5 | 20 | |
| Central, East and Southern Africa | 16 027 | 15 127 | 0.8 | 6 | 2 732 | 4 226 | 0.1 | ‑35 | |
| America | 261 029 | 260 643 | 12.6 | 0 | 107 282 | 94 035 | 5.4 | 14 | |
| North America | 216 619 | 216 696 | 10.5 | 0 | 77 088 | 75 399 | 3.9 | 2 | |
| Central and South America | 44 410 | 43 948 | 2.1 | 1 | 30 194 | 18 636 | 1.5 | 62 | |
| Asia | 234 489 | 232 839 | 11.3 | 1 | 209 530 | 203 191 | 10.5 | 3 | |
| Middle- and Near East | 42 722 | 39 227 | 2.1 | 9 | 12 807 | 10 600 | 0.6 | 21 | |
| Other countries in Asia | 191 766 | 193 612 | 9.3 | ‑1 | 196 723 | 192 590 | 9.9 | 2 | |
| Oceania and Antarctica | 22 062 | 22 536 | 1.1 | ‑2 | 5 826 | 8 848 | 0.3 | ‑34 | |
Exports of mineral fuels and electric current fell by 7 percent
Exports of machinery and transport equipment decreased by 1 percent while exports of both wood and paper products and chemicals and rubber products increased by 1 percent. Exports of mineral fuels and electric current fell by 7 percent. Exports of minerals decreased by 1 percent. Within this product area, exports of iron ore and concentrates fell by 20 percent while exports of non-ferrous metals rose by 22 percent. Within the other products area, exports of food/beverages/tobacco decreased by 2 percent.
Imports of passenger cars decreased by 11 percent
Imports of machinery and transport equipment decreased by 4 percent. Within this product area, imports of passenger cars fell by 11 percent. Imports of wood and paper products rose by 6 percent, while imports of minerals remained the same. Imports of chemicals/rubber products rose by 1 percent. Within this product area, imports of pharmaceutical products increased by 14 percent, while imports of organic/inorganic chemicals fell by 11 percent. Imports of mineral fuels and electric current fell by 10 percent.
Next publishing will be
The next item of statistical news in this series will be published on 2025-05-28.
Statistical Database
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