Overview: In July 2020 Sweden exported SEK98.5B and imported SEK93.8B, resulting in a positive trade balance of SEK4.67B. Between July 2019 and July 2020 the exports of Sweden have decreased by SEK-18.1B (-15.5%) from SEK117B to SEK98.5B, while imports decreased by SEK-17.3B (-15.6%) from SEK111B to SEK93.8B.
Trade: In July 2020 the top exports of Sweden were Cars (SEK7.39B), Packaged Medicaments (SEK6.51B), Telephones (SEK3.57B), Refined Petroleum (SEK3.25B), and Vehicle Parts (SEK2.6B). In July 2020 the top imports of Sweden were Cars (SEK6.9B), Telephones (SEK4.73B), Crude Petroleum (SEK3.23B), Computers (SEK2.93B), and Refined Petroleum (SEK2.76B).
Destinations: In July 2020 Sweden exported mostly to Norway (SEK10.7B), United States (SEK9.37B), Germany (SEK9.17B), Denmark (SEK7.56B), and Finland (SEK7.29B), and imported mostly from Germany (SEK16.6B), Norway (SEK9.09B), Netherlands (SEK8.99B), China (SEK6.76B), and Denmark (SEK6B).
Growth: In July 2020, the decrease in Sweden's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-3.53B or -27.8%), United Kingdom (SEK-2.82B or -37.1%), and United Arab Emirates (SEK-1.47B or -75.7%), and product exports decrease in Refined Petroleum (SEK-4.49B or -58%), Broadcasting Accessories (SEK-1.16B or -89.5%), and Electricity (SEK-807M or -58.6%). In July 2020, the decrease in Sweden's year-by-year imports was explained primarily by a decrease in imports from Russia (SEK-2.7B or -75.3%), Germany (SEK-1.99B or -10.7%), and Norway (SEK-1.95B or -17.7%), and product imports decrease in Crude Petroleum (SEK-5.29B or -62.1%), Refined Petroleum (SEK-1.85B or -40.2%), and Vehicle Parts (SEK-923M or -30.1%).