Exports, imports and net trade balance, October 2023, in current prices
Net trade balance at SEK 8.9 billion in October
Statistical news from Statistics Sweden 2023-11-29 8.00
In October 2023, Swedish exports of goods amounted to SEK 193.9 billion, while imports of goods amounted to SEK 185.0 billion. As a result, the net trade balance was SEK 8.9 billion.
Foreign trade in goods resulted in a net trade surplus of SEK 8.9 billion in October 2023, according to preliminary calculations. In October 2022, there was a net trade deficit of SEK 10.7 billion.
The value of exports in October 2023 was SEK 193.9 billion, while imports were valued at SEK 185.0 billion. The corresponding values for October 2022 were SEK 176.6 billion for exports and SEK 187.3 billion for imports. Exports of goods have thus increased by 10 percent in value, while imports have decreased by 1 percent in value compared with October 2022. The number of weekdays in October 2023 was one more compared with October 2022.
Trade in goods with countries outside the EU resulted in a surplus of SEK 31.3 billion, while EU trade resulted in a deficit of SEK 22.4 billion.
| Month | Total | EU Member States[*] | Non EU Member States | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2022 | 2023 | 2021 | 2022 | 2023 | 2021 | 2022 | 2023 | |||
| Exports | Jan | 114.1 | 141.4 | 172.3 | 63.2 | 78.9 | 97.3 | 50.9 | 62.5 | 75.0 | |
| Febr | 123.3 | 151.1 | 170.4 | 65.8 | 81.9 | 95.9 | 57.5 | 69.2 | 74.5 | ||
| March | 144.1 | 184.1 | 196.4 | 77.9 | 99.4 | 108.0 | 66.2 | 84.7 | 88.4 | ||
| April | 131.7 | 155.9 | 162.4 | 69.8 | 84.5 | 89.8 | 61.9 | 71.4 | 72.6 | ||
| May | 133.5 | 172.1 | 179.3 | 70.4 | 92.7 | 96.9 | 63.1 | 79.4 | 82.4 | ||
| June | 144.4 | 181.6 | 178.6 | 76.2 | 99.1 | 99.5 | 68.2 | 82.5 | 79.1 | ||
| July | 126.7 | 152.7 | 148.3 | 66.4 | 79.1 | 78.5 | 60.3 | 73.6 | 69.8 | ||
| Aug | 115.6 | 149.6 | 158.6 | 64.2 | 84.4 | 88.5 | 51.4 | 65.2 | 70.1 | ||
| Sept | 146.8 | 180.1 | 185.5 | 79.2 | 98.8 | 100.9 | 67.6 | 81.3 | 84.6 | ||
| Oct | 145.5 | 176.6 | 193.9 | 79.4 | 94.7 | 101.7 | 66.1 | 81.9 | 92.2 | ||
| Nov | 153.4 | 183.1 | 83.7 | 98.6 | 69.7 | 84.5 | |||||
| Dec | 147.4 | 171.0 | 77.8 | 88.4 | 69.6 | 82.6 | |||||
| Total | 1 626.5 | 1 999.3 | 1 745.7 | 874.0 | 1 080.5 | 957.0 | 752.5 | 918.8 | 788.7 | ||
| Imports | Jan | 110.1 | 142.6 | 163.6 | 75.1 | 89.1 | 106.1 | 35.0 | 53.5 | 57.5 | |
| Febr | 118.8 | 150.2 | 163.2 | 80.8 | 97.3 | 110.7 | 38.0 | 52.9 | 52.5 | ||
| March | 141.7 | 180.2 | 186.4 | 96.6 | 115.4 | 125.6 | 45.1 | 64.8 | 60.8 | ||
| April | 130.3 | 160.6 | 165.1 | 88.5 | 99.7 | 110.8 | 41.8 | 60.9 | 54.3 | ||
| May | 130.3 | 177.5 | 179.0 | 86.9 | 112.1 | 121.5 | 43.4 | 65.4 | 57.5 | ||
| June | 135.5 | 179.9 | 175.6 | 91.1 | 116.6 | 121.1 | 44.4 | 63.3 | 54.5 | ||
| July | 120.0 | 156.6 | 141.1 | 79.5 | 91.1 | 96.4 | 40.5 | 65.5 | 44.7 | ||
| Aug | 126.4 | 167.4 | 166.2 | 81.4 | 101.9 | 109.0 | 45.0 | 65.5 | 57.2 | ||
| Sept | 141.3 | 180.2 | 183.2 | 91.5 | 118.6 | 125.8 | 49.8 | 61.6 | 57.4 | ||
| Oct | 146.0 | 187.3 | 185.0 | 94.5 | 120.8 | 124.1 | 51.5 | 66.5 | 60.9 | ||
| Nov | 153.9 | 188.4 | 101.2 | 118.9 | 52.7 | 69.5 | |||||
| Dec | 152.1 | 173.3 | 99.9 | 113.5 | 52.2 | 59.8 | |||||
| Total | 1 606.4 | 2 044.2 | 1 708.4 | 1 067.0 | 1 295.0 | 1 151.1 | 539.4 | 749.2 | 557.3 | ||
| Net Trade of Goods | Jan | 4.0 | ‑1.2 | 8.7 | ‑11.9 | ‑10.2 | ‑8.8 | 15.9 | 9.0 | 17.5 | |
| Febr | 4.5 | 0.9 | 7.2 | ‑15.0 | ‑15.4 | ‑14.8 | 19.5 | 16.3 | 22.0 | ||
| March | 2.4 | 3.9 | 10.0 | ‑18.7 | ‑16.0 | ‑17.6 | 21.1 | 19.9 | 27.6 | ||
| April | 1.4 | ‑4.7 | ‑2.7 | ‑18.7 | ‑15.2 | ‑21.0 | 20.1 | 10.5 | 18.3 | ||
| May | 3.2 | ‑5.4 | 0.3 | ‑16.5 | ‑19.4 | ‑24.6 | 19.7 | 14.0 | 24.9 | ||
| June | 8.9 | 1.7 | 3.0 | ‑14.9 | ‑17.5 | ‑21.6 | 23.8 | 19.2 | 24.6 | ||
| July | 6.7 | ‑3.9 | 7.2 | ‑13.1 | ‑12.0 | ‑17.9 | 19.8 | 8.1 | 25.1 | ||
| Aug | ‑10.8 | ‑17.8 | ‑7.6 | ‑17.2 | ‑17.5 | ‑20.5 | 6.4 | ‑0.3 | 12.9 | ||
| Sept | 5.5 | ‑0.1 | 2.3 | ‑12.3 | ‑19.8 | ‑24.9 | 17.8 | 19.7 | 27.2 | ||
| Oct | ‑0.5 | ‑10.7 | 8.9 | ‑15.1 | ‑26.1 | ‑22.4 | 14.6 | 15.4 | 31.3 | ||
| Nov | ‑0.5 | ‑5.3 | ‑17.5 | ‑20.3 | 17.0 | 15.0 | |||||
| Dec | ‑4.7 | ‑2.3 | ‑22.1 | ‑25.1 | 17.4 | 22.8 | |||||
| Total | 20.1 | ‑44.9 | 37.3 | ‑193.0 | ‑214.5 | ‑194.1 | 213.1 | 169.6 | 231.4 | ||
Seasonally adjusted, net trade showed a surplus of SEK 8.2 billion in October, compared with a surplus of SEK 6.7 billion in September. The corresponding figure for August was a surplus of SEK 4.6 billion.
Net trade (January – October 2023) showed a surplus of SEK 37.3 billion
During the last ten months, the value of exports of goods increased by 6 percent and the value of imports of goods increased by 2 percent compared with the corresponding period a year ago. Exports were valued at SEK 1745.7 billion and imports were valued at SEK 1708.4 billion, resulting in a net trade surplus of SEK 37.3 billion for January - October 2023. The corresponding net trade balance for these months one year earlier was a deficit of SEK 37.3 billion.
Statistical Database
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Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.