Overview: In October 2020 Sweden exported SEK122B and imported SEK116B, resulting in a positive trade balance of SEK6.33B. Between October 2019 and October 2020 the exports of Sweden have decreased by SEK-8.6B (-6.59%) from SEK131B to SEK122B, while imports decreased by SEK-17.8B (-13.4%) from SEK133B to SEK116B.
Trade: In October 2020, the top exports of Sweden were Cars (SEK12.4B), Packaged Medicaments (SEK4.4B), Vehicle Parts (SEK3.98B), Refined Petroleum (SEK3.91B), and Telephones (SEK3.5B). In October 2020 the top imports of Sweden were Cars (SEK6.94B), Vehicle Parts (SEK5.22B), Telephones (SEK4.95B), Crude Petroleum (SEK3.09B), and Computers (SEK3.08B).
Destinations: In October 2020, Sweden exported mostly to Norway (SEK13.4B), Germany (SEK12.6B), United States (SEK10.4B), Denmark (SEK9.26B), and Finland (SEK8.44B), and imported mostly from Germany (SEK21.2B), Norway (SEK11.2B), Netherlands (SEK11.1B), Denmark (SEK7.41B), and Poland (SEK6.09B).
Growth: In October 2020, the decrease in Sweden's year-by-year exports was explained primarily by an decrease in exports to Norway (SEK-1.75B or -11.5%), Finland (SEK-1.33B or -13.6%), and China (SEK-1.29B or -17.4%), and product exports decrease in Packaged Medicaments (SEK-1.96B or -30.8%), Telephones (SEK-1.01B or -22.4%), and Refined Petroleum (SEK-527M or -11.9%). In October 2020, the decrease in Sweden's year-by-year imports was explained primarily by an decrease in imports from Norway (SEK-4.74B or -29.8%), Germany (SEK-2.29B or -9.72%), and Finland (SEK-1.57B or -25.4%), and product imports decrease in Planes, Helicopters, and/or Spacecraft (SEK-4.01B or -97.4%), Refined Petroleum (SEK-3.34B or -59.9%), and Crude Petroleum (SEK-2.04B or -39.7%).