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Exports, imports and net trade balance, July 2019, in current prices

Net trade balance at SEK 6.7 billion in July

Statistical news from Statistics Sweden 2019-08-27 9.30

In July 2019, Swedish exports of goods amounted to SEK 122.8 billion, while imports of goods amounted to SEK 116.1 billion. As a result, the net trade balance was SEK 6.7 billion.

Foreign trade in goods resulted in a net trade surplus of SEK 6.7 billion in July 2019, according to preliminary calculations. In July 2018, there was a net trade deficit of SEK 1.2 billion.

The value of exports in July was SEK 122.8 billion, while imports were valued at SEK 116.1 billion. Compared with July 2018, exports increased by 13 percent in value, while imports increased by 6 percent in value.

Trade in goods with countries outside the EU resulted in a surplus of SEK 16.2 billion, while EU trade resulted in a deficit of SEK 9.5 billion.

The number of weekdays in July 2019 was one more compared with July 2018.

Seasonally adjusted, the net trade shows a surplus of SEK 6.1 billion in July, compared with a surplus of SEK 6.3 billion in June. The corresponding figure for May was a surplus of SEK 6.0 billion.

Net trade (Jan – Jul 2019) surplus of SEK 30.9 billion

In this period, the value of exports of goods increased by 9 percent, while the value of imports of goods increased by 3 percent compared with the corresponding period one year ago. Exports were valued at SEK 893.9 billion and imports were valued at SEK 863.0 billion, resulting in a net trade surplus of SEK 30.9 billion for January – July 2019. The corresponding net trade balance for these months one year earlier was a deficit of SEK 18.2 billion.

Exports, imports and net trade in goods 2017–2019 (SEK billion). Revised figures in bold type
  Month Total EU Member States Non EU Member States
    2017 2018 2019 2017 2018 2019 2017 2018 2019
Exports Jan 103.1 115.2 126.4 63.0 67.6 74.6 40.1 47.6 51.8
  Febr 100.5 108.3 122.6 59.0 65.8 72.8 41.5 42.5 49.8
  March 119.1 122.3 133.4 69.5 73.2 79.7 49.6 49.1 53.7
  April 98.9 116.8 129.0 58.6 68.5 75.3 40.3 48.3 53.7
  May 115.2 124.4 137.2 67.9 75.2 79.3 47.3 49.2 57.9
  June 115.4 126.1 122.5 67.5 73.3 71.7 47.9 52.8 50.8
  July 93.6 108.5 122.8 53.4 64.4 68.0 40.2 44.1 54.8
  Aug 99.0 112.8   59.2 69.0   39.8 43.8  
  Sept 112.7 123.3   66.6 74.9   46.1 48.4  
  Oct 116.5 136.0   70.0 80.8   46.5 55.2  
  Nov 121.7 137.6   72.5 81.5   49.2 56.1  
  Dec 109.1 110.3   63.9 63.5   45.2 46.8  
  Total 1 304.8 1 441.6 893.9 771.1 857.7 521.4 533.7 583.9 372.5
Imports Jan 102.3 118.5 124.4 71.6 83.4 87.0 30.7 35.1 37.4
  Febr 101.9 110.7 116.9 73.6 81.0 84.3 28.3 29.7 32.6
  March 119.6 120.7 127.4 86.1 87.5 90.2 33.5 33.2 37.2
  April 102.8 123.8 127.8 73.9 87.6 89.3 28.9 36.2 38.5
  May 114.1 130.8 130.0 81.7 93.5 92.9 32.4 37.3 37.1
  June 109.9 125.6 120.4 79.4 88.3 84.2 30.5 37.3 36.2
  July 95.6 109.7 116.1 65.1 73.3 77.5 30.5 36.4 38.6
  Aug 106.1 120.8   73.3 80.5   32.8 40.3  
  Sept 110.3 120.9   79.5 84.8   30.8 36.1  
  Oct 118.0 144.5   85.8 99.2   32.2 45.3  
  Nov 121.8 135.0   88.7 97.3   33.1 37.7  
  Dec 113.1 117.6   82.2 81.6   30.9 36.0  
  Total 1 315.5 1 478.6 863.0 940.9 1 038.0 605.4 374.6 440.6 257.6
Net Trade of Goods Jan 0.8 ‑3.3 2.0 ‑8.6 ‑15.8 ‑12.4 9.4 12.5 14.4
  Febr ‑1.4 ‑2.4 5.7 ‑14.6 ‑15.2 ‑11.5 13.2 12.8 17.2
  March ‑0.5 1.6 6.0 ‑16.6 ‑14.3 ‑10.5 16.1 15.9 16.5
  April ‑3.9 ‑7.0 1.2 ‑15.3 ‑19.1 ‑14.0 11.4 12.1 15.2
  May 1.1 ‑6.4 7.2 ‑13.8 ‑18.3 ‑13.6 14.9 11.9 20.8
  June 5.5 0.5 2.1 ‑11.9 ‑15.0 ‑12.5 17.4 15.5 14.6
  July ‑2.0 ‑1.2 6.7 ‑11.7 ‑8.9 ‑9.5 9.7 7.7 16.2
  Aug ‑7.1 ‑8.0   ‑14.1 ‑11.5   7.0 3.5  
  Sept 2.4 2.4   ‑12.9 ‑9.9   15.3 12.3  
  Oct ‑1.5 ‑8.5   ‑15.8 ‑18.4   14.3 9.9  
  Nov ‑0.1 2.6   ‑16.2 ‑15.8   16.1 18.4  
  Dec ‑4.0 ‑7.3   ‑18.3 ‑18.1   14.3 10.8  
  Total ‑10.7 ‑37.0 30.9 ‑169.8 ‑180.3 ‑84.0 159.1 143.3 114.9

SEK millions, current prices. Trend
Exports, imports and net trade balance, July 2019, in current prices

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

2019-09-26 at 09:30.

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