Overview In November 2022 Sweden exported SEK163B and imported SEK169B, resulting in a negative trade balance of SEK6.34B. Between November 2021 and November 2022 the exports of Sweden have increased by SEK16.5B (11.3%) from SEK146B to SEK163B, while imports increased by SEK23.2B (15.9%) from SEK146B to SEK169B.
Trade In November 2022, the top exports of Sweden were Refined Petroleum (SEK10.8B), Packaged Medicaments (SEK7.87B), Cars (SEK7.85B), Vaccines, blood, antisera, toxins and cultures (SEK6.8B), and Electricity (SEK4.34B). In November 2022 the top imports of Sweden were Crude Petroleum (SEK16.7B), Cars (SEK10.3B), Refined Petroleum (SEK9.11B), Motor vehicles; parts and accessories (8701... (SEK4.97B), and Computers (SEK4.39B).
Destinations In November 2022, Sweden exported mostly to Norway (SEK18.4B), Germany (SEK17.5B), United States (SEK14B), Finland (SEK12.9B), and Denmark (SEK11.4B), and imported mostly from Germany (SEK25.7B), Norway (SEK24.7B), Netherlands (SEK17.2B), China (SEK9.86B), and Denmark (SEK9.29B).
Growth In November 2022, the increase in Sweden's year-by-year exports was explained primarily by an increase in exports to Poland (SEK335M or 8.86%), Vietnam (SEK211M or 149%), and Russia (SEK170M or 12.3%), and product exports increase in Crude Petroleum (SEK488M or 3.49M%), Nuclear Reactors (SEK479M or 2.82M%), and Electricity (SEK267M or 28.4%). In November 2022, the increase in Sweden's year-by-year imports was explained primarily by an increase in imports from Spain (SEK681M or 40.4%), Vietnam (SEK461M or 55%), and Hungary (SEK340M or 28.8%), and product imports increase in Electricity (SEK662M or 641%), Computers (SEK659M or 21.4%), and Nuclear Reactors (SEK432M or 1.71k%).