Exports, imports and net trade balance, September 2020, in current prices
Net trade balance at SEK 2.6 billion in September
Statistical news from Statistics Sweden 2020-10-27 9.30
In September 2020, Swedish exports of goods amounted to SEK 124.6 billion, while imports of goods amounted to SEK 122.0 billion. As a result, the net trade balance was SEK 2.6 billion.
Foreign trade in goods resulted in a net trade surplus of SEK 2.6 billion in September 2020, according to preliminary calculations. In September 2019, there was a net trade surplus of SEK 1.1 billion.
The value of exports in September 2020 was SEK 124.6 billion, while imports were valued at SEK 122.0 billion. The corresponding values for September 2019 were SEK 128.2 billion for exports and SEK 127.1 billion for imports. Exports of goods thus decreased by 3 percent in value, and imports decreased by 4 percent in value compared with September 2019. The number of weekdays in September 2020 was one more compared with September 2019.
Trade in goods with countries outside the EU resulted in a surplus of SEK 19.0 billion, while EU trade resulted in a deficit of SEK 16.4 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 1.5 billion in September, compared with a surplus of SEK 2.3 billion in August. The corresponding figure for July was a surplus of SEK 3.2 billion.
Net trade (Jan – Sep 2020) surplus of SEK 48.4 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 1050.8 billion and imports were valued at SEK 1002.4 billion, resulting in a net trade surplus of SEK 48.4 billion for January – September 2020. The corresponding net trade balance for these months a year earlier was a surplus of SEK 18.8 billion.
Month | Total | EU Member States[*] | Non EU Member States | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2018 | 2019 | 2020 | 2018 | 2019 | 2020 | 2018 | 2019 | 2020 | |||
Exports | Jan | 115.2 | 125.7 | 131.3 | 67.6 | 74.0 | 75.8 | 47.6 | 51.7 | 55.5 | |
Febr | 108.4 | 122.0 | 127.6 | 65.9 | 72.2 | 66.8 | 42.5 | 49.8 | 60.8 | ||
March | 122.4 | 133.1 | 131.0 | 73.3 | 79.2 | 66.8 | 49.1 | 53.9 | 64.2 | ||
April | 116.8 | 128.4 | 106.4 | 68.5 | 74.6 | 52.3 | 48.3 | 53.8 | 54.1 | ||
May | 124.4 | 136.5 | 102.3 | 75.2 | 78.8 | 53.0 | 49.2 | 57.7 | 49.3 | ||
June | 126.1 | 122.5 | 119.5 | 73.4 | 71.4 | 60.8 | 52.7 | 51.1 | 58.7 | ||
July | 108.5 | 123.0 | 104.0 | 64.5 | 68.2 | 52.0 | 44.0 | 54.8 | 52.0 | ||
Aug | 112.8 | 113.6 | 104.1 | 69.1 | 68.2 | 57.6 | 43.7 | 45.4 | 46.5 | ||
Sept | 123.3 | 128.2 | 124.6 | 74.9 | 74.1 | 67.2 | 48.4 | 54.1 | 57.4 | ||
Oct | 135.9 | 137.0 | 80.7 | 78.6 | 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 | 1 050.8 | 858.0 | 878.6 | 552.3 | 583.6 | 639.8 | 498.5 | ||
Imports | Jan | 118.8 | 124.8 | 119.7 | 83.5 | 86.8 | 83.8 | 35.3 | 38.0 | 35.9 | |
Febr | 111.1 | 117.6 | 114.6 | 81.0 | 84.5 | 76.7 | 30.1 | 33.1 | 37.9 | ||
March | 121.1 | 128.3 | 125.0 | 87.5 | 90.6 | 84.7 | 33.6 | 37.7 | 40.3 | ||
April | 124.0 | 128.8 | 100.8 | 87.6 | 89.7 | 65.9 | 36.4 | 39.1 | 34.9 | ||
May | 131.2 | 131.0 | 100.5 | 93.5 | 93.2 | 67.3 | 37.7 | 37.8 | 33.2 | ||
June | 125.9 | 120.9 | 113.9 | 88.3 | 84.5 | 77.2 | 37.6 | 36.4 | 36.7 | ||
July | 109.9 | 116.5 | 99.7 | 73.3 | 77.9 | 65.6 | 36.6 | 38.6 | 34.1 | ||
Aug | 121.4 | 119.2 | 106.2 | 80.5 | 80.5 | 71.9 | 40.9 | 38.7 | 34.3 | ||
Sept | 121.5 | 127.1 | 122.0 | 84.7 | 91.5 | 83.7 | 36.8 | 35.6 | 38.3 | ||
Oct | 144.9 | 140.9 | 99.2 | 98.3 | 45.7 | 42.6 | |||||
Nov | 135.1 | 128.9 | 97.0 | 92.8 | 38.1 | 36.1 | |||||
Dec | 117.4 | 119.8 | 81.8 | 83.5 | 35.6 | 36.3 | |||||
Total | 1 482.3 | 1 503.8 | 1 002.4 | 1 037.9 | 1 053.8 | 676.8 | 444.4 | 450.0 | 325.6 | ||
Net Trade of Goods | Jan | ‑3.6 | 0.9 | 11.6 | ‑15.9 | ‑12.8 | ‑8.0 | 12.3 | 13.7 | 19.6 | |
Febr | ‑2.7 | 4.4 | 13.0 | ‑15.1 | ‑12.3 | ‑9.9 | 12.4 | 16.7 | 22.9 | ||
March | 1.3 | 4.8 | 6.0 | ‑14.2 | ‑11.4 | ‑17.9 | 15.5 | 16.2 | 23.9 | ||
April | ‑7.2 | ‑0.4 | 5.6 | ‑19.1 | ‑15.1 | ‑13.6 | 11.9 | 14.7 | 19.2 | ||
May | ‑6.8 | 5.5 | 1.8 | ‑18.3 | ‑14.4 | ‑14.3 | 11.5 | 19.9 | 16.1 | ||
June | 0.2 | 1.6 | 5.6 | ‑14.9 | ‑13.1 | ‑16.4 | 15.1 | 14.7 | 22.0 | ||
July | ‑1.4 | 6.5 | 4.3 | ‑8.8 | ‑9.7 | ‑13.7 | 7.4 | 16.2 | 18.0 | ||
Aug | ‑8.6 | ‑5.6 | ‑2.1 | ‑11.4 | ‑12.3 | ‑14.3 | 2.8 | 6.7 | 12.2 | ||
Sept | 1.8 | 1.1 | 2.6 | ‑9.8 | ‑17.4 | ‑16.4 | 11.6 | 18.5 | 19.0 | ||
Oct | ‑9.0 | ‑3.9 | ‑18.5 | ‑19.7 | 9.5 | 15.8 | |||||
Nov | 2.5 | 2.6 | ‑15.5 | ‑19.1 | 18.0 | 21.7 | |||||
Dec | ‑7.2 | ‑2.9 | ‑18.4 | ‑17.9 | 11.2 | 15.0 | |||||
Total | ‑40.7 | 14.6 | 48.4 | ‑179.9 | ‑175.2 | ‑124.5 | 139.2 | 189.8 | 172.9 |
*) 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.
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2020-11-27, 09:30.
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