Exports, imports and net trade balance, September 2023, in current prices

Net trade balance at SEK 2.2 billion in September

Statistical news from Statistics Sweden 2023-10-26 8.00

In September 2023, Swedish exports of goods amounted to SEK 184.8 billion, while imports of goods amounted to SEK 182.6 billion. As a result, the net trade balance was SEK 2.2 billion.

Foreign trade in goods resulted in a net trade surplus of SEK 2.2 billion in September 2023, according to preliminary calculations. In September 2022, there was a net trade deficit of SEK 0.1 billion.

The value of exports in September 2023 was SEK 184.8 billion, while imports were valued at SEK 182.6 billion. The corresponding values for September 2022 were SEK 180.1 billion for exports and SEK 180.2 billion for imports. Exports of goods have thus increased by 3 percent in value, and imports have increased by 1 percent in value compared with September 2022. The number of weekdays in September 2023 was the same as it was in September 2022.

Trade in goods with countries outside the EU resulted in a surplus of SEK 26.9 billion, while EU trade resulted in a deficit of SEK 24.7 billion.

Exports, imports and net trade in goods 2021–2023 (SEK billion). Revised figures in bold type
  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 144.4 181.6 178.7 76.2 99.1 99.6 68.2 82.5 79.1
  July 126.7 152.7 147.9 66.4 79.1 78.4 60.3 73.6 69.5
  Aug 115.6 149.6 158.5 64.2 84.4 88.4 51.4 65.2 70.1
  Sept 146.8 180.1 184.8 79.2 98.8 100.3 67.6 81.3 84.5
  Oct 145.5 176.6   79.4 94.7   66.1 81.9  
  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 1 550.7 874.0 1 080.5 854.6 752.5 918.8 696.1
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 135.5 179.9 175.7 91.1 116.6 121.2 44.4 63.3 54.5
  July 120.0 156.6 140.8 79.5 91.1 96.1 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 141.3 180.2 182.6 91.5 118.6 125.0 49.8 61.6 57.6
  Oct 146.0 187.3   94.5 120.8   51.5 66.5  
  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 1 522.6 1 067.0 1 295.0 1 026.0 539.4 749.2 496.6
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 7.1 ‑13.1 ‑12.0 ‑17.7 19.8 8.1 24.8
  Aug ‑10.8 ‑17.8 ‑7.7 ‑17.2 ‑17.5 ‑20.6 6.4 ‑0.3 12.9
  Sept 5.5 ‑0.1 2.2 ‑12.3 ‑19.8 ‑24.7 17.8 19.7 26.9
  Oct ‑0.5 ‑10.7   ‑15.1 ‑26.1   14.6 15.4  
  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 28.1 ‑193.0 ‑214.5 ‑171.4 213.1 169.6 199.5

Seasonally adjusted, net trade showed a surplus of SEK 1.6 billion in September, compared with a surplus of SEK 1.1 billion in August. The corresponding figure for July was a surplus of SEK 0.6 billion.

Net trade (January – September 2023) showed a surplus of SEK 28.1 billion

During the last nine 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 1550.7 billion and imports were valued at SEK 1522.6 billion, resulting in a net trade surplus of SEK 28.1 billion for January - September 2023. The corresponding net trade balance for these months one year earlier was a deficit of SEK 26.6 billion.

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Statistics Sweden

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