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Exports, imports and net trade balance, June 2020, in current prices

Net trade balance at SEK 4.9 billion in June

Statistical news from Statistics Sweden 2020-07-28 9.30

In June 2020, Swedish exports of goods amounted to SEK 119.0 billion, while imports of goods amounted to SEK 114.1 billion. As a result, the net trade balance was SEK 4.9 billion.

Foreign trade in goods resulted in a net trade surplus of SEK 4.9 billion in June 2020, according to preliminary calculations. In June 2019, there was a net trade surplus of SEK 1.6 billion.

The value of exports in June 2020 was SEK 119.0 billion, while imports were valued at SEK 114.1 billion. The corresponding values for June 2019 were SEK 122.1 billion for exports and SEK 120.5 billion for imports. Exports of goods have thus decreased by 3 percent in value, and imports decreased by 5 percent in value compared with June 2019. The number of weekdays in June 2020 was three more compared with June 2019.

Trade in goods with countries outside the EU resulted in a surplus of SEK 22.0 billion, while EU trade resulted in a deficit of SEK 17.1 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.

Exports, imports and net trade of goods. SEK millions, current prices. Trend
Exports, imports and net trade balance, June 2020, in current prices

Seasonally adjusted, net trade showed a surplus of SEK 3.8 billion in June, compared with a surplus of SEK 4.3 billion in May. The corresponding figure for April was a surplus of SEK 4.6 billion.

Net trade (Jan – Jun 2020) surplus of SEK 41.4 billion

In this period, the value of exports of goods decreased by 7 percent, while the value of imports of goods decreased by 10 percent compared with the corresponding period a year ago. Exports were valued at SEK 717.5 billion and imports were valued at SEK 676.1 billion, resulting in a net trade surplus of SEK 41.4 billion for January – June 2020. The corresponding net trade balance for these months a year earlier was a surplus of SEK 18.6 billion.

Exports, imports and net trade in goods 2018–2020 (SEK billion). Revised figures in bold type
  Month Total EU Member States[*] Non EU Member States
    2018 2019 2020 2018 2019 2020 2018 2019 2020
Exports Jan 115.2 125.8 131.1 67.6 74.0 75.8 47.6 51.8 55.3
  Febr 108.4 122.1 127.7 65.9 72.3 66.9 42.5 49.8 60.8
  March 122.4 133.2 131.1 73.3 79.3 66.9 49.1 53.9 64.2
  April 116.8 128.5 106.3 68.5 74.7 52.2 48.3 53.8 54.1
  May 124.4 136.7 102.3 75.2 78.9 53.0 49.2 57.8 49.3
  June 126.1 122.1 119.0 73.4 71.4 61.1 52.7 50.7 57.9
  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 135.9 137.1   80.7 78.7   55.2 58.4  
  Nov 137.6 131.5   81.5 73.7   56.1 57.8  
  Dec 110.2 116.9   63.4 65.6   46.8 51.3  
  Total 1 441.6 1 518.4 717.5 858.0 879.1 375.8 583.6 639.3 341.7
Imports Jan 118.8 124.8 119.6 83.5 87.0 83.9 35.3 37.8 35.7
  Febr 111.1 117.4 114.8 81.0 84.6 76.8 30.1 32.8 38.0
  March 121.1 127.9 126.1 87.5 90.6 84.9 33.6 37.3 41.2
  April 124.0 128.6 101.1 87.6 89.7 65.8 36.4 38.9 35.3
  May 131.2 130.6 100.4 93.5 93.2 67.2 37.7 37.4 33.2
  June 125.9 120.5 114.1 88.3 84.5 78.2 37.6 36.0 35.9
  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 144.9 140.9   99.2 98.5   45.7 42.4  
  Nov 135.1 129.2   97.0 93.2   38.1 36.0  
  Dec 117.4 119.6   81.8 83.8   35.6 35.8  
  Total 1 482.3 1 501.6 676.1 1 037.9 1 054.9 456.9 444.4 446.7 219.2
Net Trade of Goods Jan ‑3.6 1.0 11.5 ‑15.9 ‑13.0 ‑8.1 12.3 14.0 19.6
  Febr ‑2.7 4.7 12.9 ‑15.1 ‑12.3 ‑10.0 12.4 17.0 22.9
  March 1.3 5.3 5.0 ‑14.2 ‑11.3 ‑18.0 15.5 16.6 23.0
  April ‑7.2 ‑0.1 5.2 ‑19.1 ‑15.0 ‑13.6 11.9 14.9 18.8
  May ‑6.8 6.1 1.9 ‑18.3 ‑14.3 ‑14.2 11.5 20.4 16.1
  June 0.2 1.6 4.9 ‑14.9 ‑13.1 ‑17.1 15.1 14.7 22.0
  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 ‑3.8   ‑18.5 ‑19.8   9.5 16.0  
  Nov 2.5 2.3   ‑15.5 ‑19.5   18.0 21.8  
  Dec ‑7.2 ‑2.7   ‑18.4 ‑18.2   11.2 15.5  
  Total ‑40.7 16.8 41.4 ‑179.9 ‑175.8 ‑81.1 139.2 192.6 122.5

*) 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.

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

2020-08-27.

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