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Exports, imports and net trade balance, September 2022, in current prices

Net trade balance at SEK -1.8 billion in September

Statistical news from Statistics Sweden 2022-10-26 8.00

In September 2022, Swedish exports of goods amounted to SEK 179.5 billion, while imports of goods amounted to SEK 181.3 billion. As a result, the net trade balance was SEK -1.8 billion.

Foreign trade in goods resulted in a net trade deficit of SEK 1.8 billion in September 2022, according to preliminary calculations. In September 2021, there was a net trade surplus of SEK 5.5 billion.

The value of exports in September 2022 was SEK 179.5 billion, while imports were valued at SEK 181.3 billion. The corresponding values for September 2021 were SEK 146.8 billion for exports and SEK 141.3 billion for imports. Exports of goods have thus increased by 22 percent in value, and imports have increased by 28 percent in value compared with September 2021. The number of weekdays in September 2022 was the same as it was in September 2021.

Trade in goods with countries outside the EU resulted in a surplus of SEK 19.6 billion, while EU trade resulted in a deficit of SEK 21.4 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.

Exports, imports and net trade in goods 2020–2022 (SEK billion). Revised figures in bold type
  Month Total EU Member States[*] Non EU Member States
    2020 2021 2022 2020 2021 2022 2020 2021 2022
Exports Jan 131.3 114.1 141.2 75.8 63.2 78.7 55.5 50.9 62.5
  Febr 127.7 123.3 150.8 66.9 65.8 81.6 54.2 57.5 69.2
  March 131.1 144.1 183.7 66.9 77.9 99.1 57.3 66.2 84.6
  April 106.3 131.7 155.7 52.2 69.8 84.3 49.5 61.9 71.4
  May 102.3 133.5 171.8 53.0 70.4 92.5 45.1 63.1 79.3
  June 119.6 144.4 181.3 60.9 76.2 98.8 52.9 68.2 82.5
  July 103.8 126.6 152.6 52.0 66.3 78.8 46.8 60.3 73.8
  Aug 103.8 115.6 149.0 57.3 64.2 83.8 41.3 51.4 65.2
  Sept 124.7 146.8 179.5 66.9 79.2 98.2 51.0 67.6 81.3
  Oct 128.6 145.5   67.2 79.4   53.9 66.1  
  Nov 128.2 153.3   68.7 83.6   52.1 69.7  
  Dec 119.7 147.4   63.1 77.8   49.8 69.6  
  Total 1 427.1 1 626.3 1 465.6 751.0 873.8 795.8 609.4 752.5 669.8
Imports Jan 120.3 110.1 142.7 84.3 75.2 89.5 36.0 34.9 53.2
  Febr 114.8 118.8 150.3 76.7 80.8 97.7 32.9 38.0 52.6
  March 125.6 141.6 179.4 85.2 96.5 115.3 34.9 45.1 64.1
  April 101.0 130.2 159.3 66.2 88.5 99.6 30.9 41.7 59.7
  May 101.5 130.2 177.2 67.8 86.9 111.9 29.9 43.3 65.3
  June 115.1 135.5 179.3 78.1 91.2 116.2 31.9 44.3 63.1
  July 100.6 120.1 156.6 66.5 79.6 91.0 29.7 40.5 65.6
  Aug 105.8 126.4 167.0 71.3 81.4 102.2 30.1 45.0 64.8
  Sept 121.9 141.3 181.3 83.4 91.5 119.6 33.1 49.8 61.7
  Oct 124.6 146.1   86.3 94.6   33.0 51.5  
  Nov 126.8 153.8   88.1 101.2   33.0 52.6  
  Dec 118.5 152.1   81.6 100.0   31.5 52.1  
  Total 1 376.5 1 606.2 1 493.1 935.7 1 067.4 943.0 386.9 538.8 550.1
Net Trade of Goods Jan 11.0 4.0 ‑1.5 ‑8.5 ‑12.0 ‑10.8 19.5 16.0 9.3
  Febr 12.9 4.5 0.5 ‑9.8 ‑15.0 ‑16.1 21.3 19.5 16.6
  March 5.5 2.5 4.3 ‑18.3 ‑18.6 ‑16.2 22.4 21.1 20.5
  April 5.3 1.5 ‑3.6 ‑14.0 ‑18.7 ‑15.3 18.6 20.2 11.7
  May 0.8 3.3 ‑5.4 ‑14.8 ‑16.5 ‑19.4 15.2 19.8 14.0
  June 4.5 8.9 2.0 ‑17.2 ‑15.0 ‑17.4 21.0 23.9 19.4
  July 3.2 6.5 ‑4.0 ‑14.5 ‑13.3 ‑12.2 17.1 19.8 8.2
  Aug ‑2.0 ‑10.8 ‑18.0 ‑14.0 ‑17.2 ‑18.4 11.2 6.4 0.4
  Sept 2.8 5.5 ‑1.8 ‑16.5 ‑12.3 ‑21.4 17.9 17.8 19.6
  Oct 4.0 ‑0.6   ‑19.1 ‑15.2   20.9 14.6  
  Nov 1.4 ‑0.5   ‑19.5 ‑17.6   19.1 17.1  
  Dec 1.2 ‑4.7   ‑18.5 ‑22.2   18.3 17.5  
  Total 50.6 20.1 ‑27.5 ‑184.7 ‑193.6 ‑147.2 222.5 213.7 119.7

Seasonally adjusted, net trade showed a deficit of SEK 5.4 billion in September, compared with a deficit of SEK 5.9 billion in August. The corresponding figure for July was a deficit of SEK 6.1 billion.

Net trade (January – September 2022) showed a deficit of SEK 27.5 billion

During the last nine months, the value of exports of goods increased by 24 percent, and the value of imports of goods increased by 29 percent compared with the corresponding period one year ago. Exports were valued at SEK 1 465.6 billion and imports were valued at SEK 1 493.1 billion, resulting in a net trade deficit of SEK 27.5 billion for January - September 2022. The corresponding net trade balance for these months one year earlier was a surplus of SEK 25.9 billion.

Statistical Database

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Statistics Sweden

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