Overview In August 2021 Sweden exported SEK110B and imported SEK119B, resulting in a negative trade balance of SEK8.75B. Between August 2020 and August 2021 the exports of Sweden have increased by SEK12B (12.2%) from SEK98.2B to SEK110B, while imports increased by SEK19.3B (19.3%) from SEK99.7B to SEK119B.
Trade In August 2021, the top exports of Sweden were Refined Petroleum (SEK6.06B), Cars (SEK5.34B), Telephones (SEK3.67B), Packaged Medicaments (SEK3.65B), and Sawn Wood (SEK3.49B). In August 2021 the top imports of Sweden were Crude Petroleum (SEK7.37B), Cars (SEK4.97B), Refined Petroleum (SEK4.43B), Telephones (SEK3.93B), and Computers (SEK3.47B).
Destinations In August 2021, Sweden exported mostly to Norway (SEK13.6B), Germany (SEK11.6B), Finland (SEK9.38B), Denmark (SEK8.92B), and United States (SEK7.98B), and imported mostly from Germany (SEK19.3B), Norway (SEK13.4B), Netherlands (SEK11.8B), China (SEK8.92B), and Denmark (SEK8.44B).
Growth In August 2021, the increase in Sweden's year-by-year exports was explained primarily by an increase in exports to Norway (SEK2.02B or 17.4%), Finland (SEK1.66B or 21.5%), and United Kingdom (SEK1.45B or 28.9%), and product exports increase in Refined Petroleum (SEK2.16B or 55.6%), Sawn Wood (SEK1.73B or 98.4%), and Electricity (SEK932M or 125%). In August 2021, the increase in Sweden's year-by-year imports was explained primarily by an increase in imports from Norway (SEK3.59B or 36.5%), China (SEK2.76B or 44.8%), and Netherlands (SEK2.42B or 25.8%), and product imports increase in Crude Petroleum (SEK4.44B or 151%), Refined Petroleum (SEK1.6B or 56.2%), and Computers (SEK943M or 37.4%).