Overview: In December 2020 Sweden exported SEK113B and imported SEK111B, resulting in a positive trade balance of SEK2.83B. Between December 2019 and December 2020 the exports of Sweden have increased by SEK2.5B (2.25%) from SEK111B to SEK113B, while imports decreased by SEK-2.46B (-2.17%) from SEK113B to SEK111B.
Trade: In December 2020, the top exports of Sweden were Cars (SEK9.44B), Refined Petroleum (SEK4.11B), Telephones (SEK4.07B), Packaged Medicaments (SEK3.91B), and Vehicle Parts (SEK3.61B). In December 2020 the top imports of Sweden were Cars (SEK8.06B), Crude Petroleum (SEK5.6B), Telephones (SEK5.56B), Vehicle Parts (SEK4.41B), and Computers (SEK3.66B).
Destinations: In December 2020, Sweden exported mostly to Norway (SEK12.8B), Germany (SEK11.2B), United States (SEK8.95B), Denmark (SEK8.81B), and Finland (SEK7.72B), and imported mostly from Germany (SEK19.9B), Netherlands (SEK12.2B), Norway (SEK12B), Denmark (SEK7.11B), and Belgium (SEK5.42B).
Growth: In December 2020, the increase in Sweden's year-by-year exports was explained primarily by an increase in exports to United Kingdom (SEK1.37B or 26.9%), France (SEK1.22B or 31.1%), and Germany (SEK915M or 8.86%), and product exports increase in Iron Ore (SEK1.12B or 61%), Tractors (SEK1.02B or 94.4%), and Sawn Wood (SEK969M or 55.8%). In December 2020, the decrease in Sweden's year-by-year imports was explained primarily by an decrease in imports from Russia (SEK-1.76B or -77%), China (SEK-1.43B or -21.8%), and Finland (SEK-884M or -15.9%), and product imports decrease in Refined Petroleum (SEK-2.3B or -43.2%), Passenger and Cargo Ships (SEK-1.34B or -99.9%), and Crude Petroleum (SEK-1.22B or -17.9%).