Overview: In May 2020 Sweden exported SEK97.2B and imported SEK94B, resulting in a positive trade balance of SEK3.16B. Between May 2019 and May 2020 the exports of Sweden have decreased by SEK-32.3B (-24.9%) from SEK129B to SEK97.2B, while imports decreased by SEK-30.3B (-24.4%) from SEK124B to SEK94B.
Trade: In May 2020 the top exports of Sweden were Packaged Medicaments (SEK7.64B), Cars (SEK5.65B), Telephones (SEK3.63B), Sawn Wood (SEK2.91B), and Refined Petroleum (SEK2.55B). In May 2020 the top imports of Sweden were Telephones (SEK3.9B), Refined Petroleum (SEK3.17B), Computers (SEK2.88B), Cars (SEK2.8B), and Vehicle Parts (SEK2.67B).
Destinations: In May 2020 Sweden exported mostly to Norway (SEK11B), Germany (SEK10.2B), United States (SEK8.04B), Denmark (SEK7.64B), and Finland (SEK7.08B), and imported mostly from Germany (SEK15.5B), Netherlands (SEK9.23B), Norway (SEK9.19B), China (SEK6.79B), and Denmark (SEK6.49B).
Growth: In May 2020, the decrease in Sweden's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-4.87B or -32.3%), United Kingdom (SEK-3.41B or -46.2%), and Norway (SEK-2.72B or -19.8%), and product exports decrease in Cars (SEK-4.02B or -41.6%), Refined Petroleum (SEK-3.87B or -60.3%), and Vehicle Parts (SEK-2.96B or -61.3%). In May 2020, the decrease in Sweden's year-by-year imports was explained primarily by a decrease in imports from Germany (SEK-6.95B or -31%), Russia (SEK-2.95B or -73.4%), and Netherlands (SEK-2.57B or -21.8%), and product imports decrease in Crude Petroleum (SEK-4.12B or -67.5%), Cars (SEK-4.05B or -59.1%), and Refined Petroleum (SEK-3.01B or -48.7%).