Exports, imports and net trade balance, January 2020, in current prices
Net trade balance at SEK 9.9 billion in January
Statistical news from Statistics Sweden 2020-02-27 9.30
In January 2020, Swedish exports of goods amounted to SEK 128.5 billion, while imports of goods amounted to SEK 118.6 billion. As a result, the net trade balance was SEK 9.9 billion.
Foreign trade in goods resulted in a net trade surplus of SEK 9.9 billion in January 2020, according to preliminary calculations. In January 2019, there was a net trade surplus of SEK 1.0 billion.
The value of exports in January was SEK 128.5 billion, while imports were valued at SEK 118.6 billion. Compared with January 2019, exports increased by 2 percent in value, while imports decreased by 5 percent in value.
Trade in goods with countries outside the EU resulted in a surplus of SEK 19.5 billion, while EU trade resulted in a deficit of SEK 9.6 billion.
The number of weekdays in January 2020 was one less compared with January 2019.
Seasonally adjusted, net trade shows a surplus of SEK 5.4 billion in January, compared with a surplus of SEK 3.8 billion in December. The corresponding figure for November was a surplus of SEK 2.2 billion.
Net trade (Nov 2019 – Jan 2020) surplus of SEK 10.0 billion
In this period, the value of exports of goods increased by 1 percent, while the value of imports of goods decreased by 3 percent compared with the corresponding period a year ago. Exports were valued at SEK 376.9 billion and imports were valued at SEK 366.9 billion, resulting in a net trade surplus of SEK 10.0 billion for November 2019 – January 2020. The corresponding net trade balance for these months a year earlier was a deficit of SEK 3.7 billion.
| Month | Total | EU Member States | Non EU Member States | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 2018 | 2019 | 2020 | 2018 | 2019 | 2020 | |||
| Exports | Jan | 115.2 | 125.8 | 128.5 | 67.6 | 74.0 | 73.4 | 47.6 | 51.8 | 55.1 | |
| Febr | 108.4 | 122.1 | 65.9 | 72.3 | 42.5 | 49.8 | |||||
| March | 122.4 | 133.2 | 73.3 | 79.3 | 49.1 | 53.9 | |||||
| April | 116.8 | 128.5 | 68.5 | 74.7 | 48.3 | 53.8 | |||||
| May | 124.4 | 136.7 | 75.2 | 78.9 | 49.2 | 57.8 | |||||
| June | 126.1 | 122.1 | 73.4 | 71.4 | 52.7 | 50.7 | |||||
| July | 108.5 | 122.7 | 64.5 | 68.2 | 44.0 | 54.5 | |||||
| Aug | 112.8 | 113.7 | 69.1 | 68.3 | 43.7 | 45.4 | |||||
| Sept | 123.3 | 128.1 | 74.9 | 74.0 | 48.4 | 54.1 | |||||
| Oct | 135.9 | 136.8 | 80.7 | 78.5 | 55.2 | 58.3 | |||||
| Nov | 137.6 | 131.3 | 81.5 | 73.5 | 56.1 | 57.8 | |||||
| Dec | 110.2 | 117.1 | 63.4 | 65.7 | 46.8 | 51.4 | |||||
| Total | 1 441.6 | 1 518.1 | 128.5 | 858.0 | 878.8 | 73.4 | 583.6 | 639.3 | 55.1 | ||
| Imports | Jan | 118.8 | 124.8 | 118.6 | 83.5 | 87.0 | 83.0 | 35.3 | 37.8 | 35.6 | |
| Febr | 111.1 | 117.4 | 81.0 | 84.6 | 30.1 | 32.8 | |||||
| March | 121.1 | 127.9 | 87.5 | 90.6 | 33.6 | 37.3 | |||||
| April | 124.0 | 128.6 | 87.6 | 89.7 | 36.4 | 38.9 | |||||
| May | 131.2 | 130.6 | 93.5 | 93.2 | 37.7 | 37.4 | |||||
| June | 125.9 | 120.5 | 88.3 | 84.5 | 37.6 | 36.0 | |||||
| July | 109.9 | 116.3 | 73.3 | 77.9 | 36.6 | 38.4 | |||||
| Aug | 121.4 | 119.1 | 80.5 | 80.5 | 40.9 | 38.6 | |||||
| Sept | 121.5 | 126.7 | 84.7 | 91.4 | 36.8 | 35.3 | |||||
| Oct | 144.9 | 140.8 | 99.2 | 98.4 | 45.7 | 42.4 | |||||
| Nov | 135.1 | 128.9 | 97.0 | 93.0 | 38.1 | 35.9 | |||||
| Dec | 117.4 | 119.4 | 81.8 | 83.8 | 35.6 | 35.6 | |||||
| Total | 1 482.3 | 1 501.0 | 118.6 | 1 037.9 | 1 054.6 | 83.0 | 444.4 | 446.4 | 35.6 | ||
| Net Trade of Goods | Jan | ‑3.6 | 1.0 | 9.9 | ‑15.9 | ‑13.0 | ‑9.6 | 12.3 | 14.0 | 19.5 | |
| Febr | ‑2.7 | 4.7 | ‑15.1 | ‑12.3 | 12.4 | 17.0 | |||||
| March | 1.3 | 5.3 | ‑14.2 | ‑11.3 | 15.5 | 16.6 | |||||
| April | ‑7.2 | ‑0.1 | ‑19.1 | ‑15.0 | 11.9 | 14.9 | |||||
| May | ‑6.8 | 6.1 | ‑18.3 | ‑14.3 | 11.5 | 20.4 | |||||
| June | 0.2 | 1.6 | ‑14.9 | ‑13.1 | 15.1 | 14.7 | |||||
| July | ‑1.4 | 6.4 | ‑8.8 | ‑9.7 | 7.4 | 16.1 | |||||
| Aug | ‑8.6 | ‑5.4 | ‑11.4 | ‑12.2 | 2.8 | 6.8 | |||||
| Sept | 1.8 | 1.4 | ‑9.8 | ‑17.4 | 11.6 | 18.8 | |||||
| Oct | ‑9.0 | ‑4.0 | ‑18.5 | ‑19.9 | 9.5 | 15.9 | |||||
| Nov | 2.5 | 2.4 | ‑15.5 | ‑19.5 | 18.0 | 21.9 | |||||
| Dec | ‑7.2 | ‑2.3 | ‑18.4 | ‑18.1 | 11.2 | 15.8 | |||||
| Total | ‑40.7 | 17.1 | 9.9 | ‑179.9 | ‑175.8 | ‑9.6 | 139.2 | 192.9 | 19.5 | ||
Definitions and explanations
Last month’s import and export values in trade with the EU are estimates based on data provided by a large subset of companies that trade with the EU. Most (95 percent) of the deviation between these estimates and the subsequent outcome lies within the range of SEK -2 billion and SEK 1 billion for both imports and exports.
Import and export values for trade in goods with non-EU countries are based largely on data from Swedish Customs.
Next publishing will be
2020-03-26 at 09:30.
Statistical Database
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Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.