Exports, imports and net trade balance, August 2021, in current prices
Net trade balance at SEK -10.3 billion in August
Statistical news from Statistics Sweden 2021-09-28 9.30
In August 2021, Swedish exports of goods amounted to SEK 115.0 billion, while imports of goods amounted to SEK 125.3 billion. As a result, the net trade balance was SEK -10.3 billion.
Foreign trade in goods resulted in a net trade deficit of SEK 10.3 billion in August 2021, according to preliminary calculations. In August 2020, there was a net trade deficit of SEK 1.8 billion.
The value of exports in August 2021 was SEK 115.0 billion, while imports were valued at SEK 125.3 billion. The corresponding values in August 2020 were SEK 103.9 billion for exports and SEK 105.7 billion for imports. Exports of goods have thus increased by 11 percent in value and imports have increased by 19 percent in value compared with August 2020. It is worth noting that the effect of the pandemic on foreign trade in goods can be clearly seen from April 2020, resulting in remaining strong growth figures. The number of weekdays in August 2021 was one more compared with August 2020.
Trade in goods with countries outside the EU resulted in a surplus of SEK 6.4 billion, while EU trade resulted in a deficit of SEK 16.7 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 2.6 billion in August, compared with a surplus of SEK 3.0 billion in July. The corresponding figure for June was a surplus of SEK 3.2 billion.
Net trade (January - August 2021) showed a surplus of SEK 23.1 billion
During this period, the value of exports of goods increased by 12 percent and the value of imports of goods increased by 14 percent compared with the corresponding period a year ago. Exports were valued at SEK 1 033.2 billion and imports were valued at SEK 1 010.1 billion, resulting in a net trade surplus of SEK 23.1 billion for January - August 2021. The corresponding net trade balance for these months one year earlier was a surplus of SEK 43.2 billion.
| Month | Total | EU Member States[*] | Non EU Member States | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2019 | 2020 | 2021 | 2019 | 2020 | 2021 | |||
| Exports | Jan | 125.7 | 131.3 | 114.2 | 74.0 | 75.8 | 63.3 | 51.7 | 55.5 | 50.9 | |
| Febr | 122.0 | 127.6 | 123.4 | 72.2 | 66.8 | 65.9 | 49.8 | 60.8 | 57.5 | ||
| March | 133.1 | 131.1 | 144.0 | 79.2 | 66.9 | 77.9 | 53.9 | 64.2 | 66.1 | ||
| April | 128.4 | 106.4 | 131.6 | 74.6 | 52.3 | 69.7 | 53.8 | 54.1 | 61.9 | ||
| May | 136.5 | 102.3 | 133.8 | 78.8 | 53.0 | 70.7 | 57.7 | 49.3 | 63.1 | ||
| June | 122.5 | 119.5 | 144.0 | 71.4 | 60.8 | 75.8 | 51.1 | 58.7 | 68.2 | ||
| July | 123.0 | 104.1 | 127.2 | 68.2 | 52.1 | 66.7 | 54.8 | 52.0 | 60.5 | ||
| Aug | 113.6 | 103.9 | 115.0 | 68.2 | 57.4 | 63.6 | 45.4 | 46.5 | 51.4 | ||
| Sept | 128.2 | 124.7 | 74.1 | 66.9 | 54.1 | 57.8 | |||||
| Oct | 137.0 | 128.7 | 78.6 | 67.5 | 58.4 | 61.2 | |||||
| Nov | 131.5 | 128.4 | 73.7 | 69.0 | 57.8 | 59.4 | |||||
| Dec | 116.9 | 119.8 | 65.6 | 63.4 | 51.3 | 56.4 | |||||
| Total | 1 518.4 | 1 427.8 | 1 033.2 | 878.6 | 751.9 | 553.6 | 639.8 | 675.9 | 479.6 | ||
| Imports | Jan | 124.8 | 120.2 | 109.6 | 86.8 | 84.2 | 75.3 | 38.0 | 36.0 | 34.3 | |
| Febr | 117.6 | 114.8 | 117.8 | 84.5 | 76.8 | 81.1 | 33.1 | 38.0 | 36.7 | ||
| March | 128.3 | 125.5 | 141.2 | 90.6 | 85.2 | 96.6 | 37.7 | 40.3 | 44.6 | ||
| April | 128.8 | 101.0 | 130.3 | 89.7 | 66.2 | 89.0 | 39.1 | 34.8 | 41.3 | ||
| May | 131.0 | 101.2 | 130.4 | 93.2 | 67.7 | 87.3 | 37.8 | 33.5 | 43.1 | ||
| June | 120.9 | 114.4 | 134.9 | 84.5 | 77.5 | 91.1 | 36.4 | 36.9 | 43.8 | ||
| July | 116.5 | 100.2 | 120.6 | 77.9 | 66.1 | 80.4 | 38.6 | 34.1 | 40.2 | ||
| Aug | 119.2 | 105.7 | 125.3 | 80.5 | 71.4 | 80.3 | 38.7 | 34.3 | 45.0 | ||
| Sept | 127.1 | 121.8 | 91.5 | 83.3 | 35.6 | 38.5 | |||||
| Oct | 140.9 | 124.4 | 98.3 | 86.6 | 42.6 | 37.8 | |||||
| Nov | 128.9 | 126.7 | 92.8 | 89.2 | 36.1 | 37.5 | |||||
| Dec | 119.8 | 118.4 | 83.5 | 82.2 | 36.3 | 36.2 | |||||
| Total | 1 503.8 | 1 374.3 | 1 010.1 | 1 053.8 | 936.5 | 681.1 | 450.0 | 437.8 | 329.0 | ||
| Net Trade of Goods | Jan | 0.9 | 11.1 | 4.6 | ‑12.8 | ‑8.4 | ‑12.0 | 13.7 | 19.5 | 16.6 | |
| Febr | 4.4 | 12.8 | 5.6 | ‑12.3 | ‑10.0 | ‑15.2 | 16.7 | 22.8 | 20.8 | ||
| March | 4.8 | 5.6 | 2.8 | ‑11.4 | ‑18.3 | ‑18.7 | 16.2 | 23.9 | 21.5 | ||
| April | ‑0.4 | 5.4 | 1.3 | ‑15.1 | ‑13.9 | ‑19.3 | 14.7 | 19.3 | 20.6 | ||
| May | 5.5 | 1.1 | 3.4 | ‑14.4 | ‑14.7 | ‑16.6 | 19.9 | 15.8 | 20.0 | ||
| June | 1.6 | 5.1 | 9.1 | ‑13.1 | ‑16.7 | ‑15.3 | 14.7 | 21.8 | 24.4 | ||
| July | 6.5 | 3.9 | 6.6 | ‑9.7 | ‑14.0 | ‑13.7 | 16.2 | 17.9 | 20.3 | ||
| Aug | ‑5.6 | ‑1.8 | ‑10.3 | ‑12.3 | ‑14.0 | ‑16.7 | 6.7 | 12.2 | 6.4 | ||
| Sept | 1.1 | 2.9 | ‑17.4 | ‑16.4 | 18.5 | 19.3 | |||||
| Oct | ‑3.9 | 4.3 | ‑19.7 | ‑19.1 | 15.8 | 23.4 | |||||
| Nov | 2.6 | 1.7 | ‑19.1 | ‑20.2 | 21.7 | 21.9 | |||||
| Dec | ‑2.9 | 1.4 | ‑17.9 | ‑18.8 | 15.0 | 20.2 | |||||
| Total | 14.6 | 53.5 | 23.1 | ‑175.2 | ‑184.7 | ‑127.5 | 189.8 | 238.2 | 150.6 | ||
*) 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.
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