Data Insights

Overall, Sweden's total trade value for imports reached 144.64B SEK, reflecting a month-on-month increase of 6.28B SEK (4.54%) and a year-on-year increase of 1.89B SEK (1.32%). Exports totaled 145.69B SEK, showing a slight month-on-month decrease of 225.82M SEK (-0.15%) and a significant year-on-year decline of 9.68B SEK (-6.23%). The trade balance indicates a slight increase in imports while exports have decreased, suggesting a growing dependency on foreign goods amidst fluctuating global trade dynamics.

In the month-on-month analysis, imports from the Netherlands saw the highest increase with a trade value of 17.41B SEK, reflecting a significant rise of 4.84B SEK (38.48%). Germany followed with 23.6B SEK, increasing by 2.18B SEK (10.17%). Italy also showed a notable increase with 4.76B SEK, up by 1.14B SEK (31.46%). On the lower end, imports from the United States decreased to 4.75B SEK, down by 1.83B SEK (-27.82%). China also saw a decline to 7.46B SEK, down by 1.09B SEK (-12.76%). Brazil had the largest drop with 700.09M SEK, down by 673.93M SEK (-49.05%). For exports, India led with 3.79B SEK, increasing by 2.56B SEK (208.29%). Belgium followed with 7.8B SEK, up by 794.08M SEK (11.34%). Norway also increased to 14.2B SEK, up by 543.16M SEK (3.98%). On the downside, Canada saw a decrease to 1.93B SEK, down by 1.35B SEK (-41.23%). South Korea dropped to 1.06B SEK, down by 836.4M SEK (-44.06%). Denmark also decreased to 8.75B SEK, down by 817.55M SEK (-8.54%).

In the year-on-year analysis, imports from the Netherlands reached 17.41B SEK, up by 4.87B SEK (38.77%). Belgium followed with 7.8B SEK, increasing by 1.11B SEK (16.56%). Germany also saw a rise to 23.6B SEK, up by 728.58M SEK (3.19%). On the lower end, imports from the United States decreased to 4.75B SEK, down by 2.49B SEK (-34.38%). Guyana had no trade value, reflecting a drop of 859.12M SEK (-100%). Denmark also saw a decline to 9.5B SEK, down by 776.95M SEK (-7.59%). For exports, India led with 3.79B SEK, increasing by 1.87B SEK (97.62%). Poland followed with 6.7B SEK, up by 749.35M SEK (12.59%). Japan also increased to 2.03B SEK, up by 577.45M SEK (39.77%). On the downside, exports to the United States decreased to 11.42B SEK, down by 3.06B SEK (-21.14%). Canada saw a drop to 1.93B SEK, down by 1.62B SEK (-45.56%). China also decreased to 4.22B SEK, down by 1.16B SEK (-21.61%).

Overall, Sweden's total trade value for the month showed a slight increase in exports, totaling 145.92B SEK, with a minor rise of 768.46M SEK (0.53%). Imports totaled 138.36B SEK, experiencing a negligible decrease of 11.67M SEK (-0.01%). Year-on-year, total exports decreased by 16.57B SEK (-10.10%), while imports fell by 10.25B SEK (-6.87%). This indicates a challenging trade environment, particularly for exports, which may be influenced by Sweden's reconsideration of adopting the euro, potentially affecting trade dynamics.

In the month-on-month analysis, imports from China saw the highest increase with a trade value of 8.56B SEK, reflecting a significant rise of 2B SEK (30.45%). The United States followed closely with imports valued at 6.58B SEK, increasing by 1.92B SEK (41.21%). Norway's imports also rose to 15.29B SEK, with a 1.25B SEK increase (8.93%). On the lower end, imports from the Netherlands decreased by 3.35B SEK (21.04%), while Italy's imports fell by 1.14B SEK (23.85%). Malaysia experienced the largest drop with a decrease of 1.04B SEK (84.77%). For exports, Finland led with 10.71B SEK, increasing by 1.55B SEK (16.86%). Russia's exports rose to 1.68B SEK, up by 1.36B SEK (422.36%). Poland's exports also increased to 6.67B SEK, with a rise of 1.25B SEK (23.17%). Conversely, exports to the United States fell by 1.49B SEK (10.89%), Belgium's exports decreased by 1.03B SEK (12.80%), and Uzbekistan saw a significant drop of 760.4M SEK (96.93%).

In the year-on-year analysis, imports from France increased to 4.84B SEK, with a rise of 472.21M SEK (10.81%). Hungary's imports also grew to 1.67B SEK, up by 338.21M SEK (25.42%). Belgium's imports reached 7.81B SEK, increasing by 326.46M SEK (4.64%). On the downside, imports from Guyana plummeted to 94K SEK, down by 2.49B SEK (99.99%). Nigeria's imports fell to 340K SEK, decreasing by 1.8B SEK (84.29%). The United States saw a decline in imports to 6.58B SEK, down by 1.79B SEK (21.38%). For exports, Canada experienced the highest growth with 3.28B SEK, increasing by 1.8B SEK (121.52%). Russia's exports rose to 1.68B SEK, up by 658.27M SEK (64.27%). Ukraine's exports reached 718.46M SEK, increasing by 329.98M SEK (84.00%). However, exports to the United Arab Emirates fell to 615.47M SEK, down by 4.17B SEK (87.66%). Norway's exports decreased to 13.66B SEK, down by 2.02B SEK (12.87%). The United States also saw a decline in exports to 12.23B SEK, down by 1.97B SEK (13.88%).

Overall, Sweden's trade values showed a mixed performance in the latest analysis. Month-on-month, imports decreased by 6.56B SEK (-4.52%) while exports fell by 8.88B SEK (-5.76%). Year-on-year, imports saw a slight increase of 46.33M SEK (+0.03%) and exports increased by 1.3B SEK (+0.01%). The total trade flow indicates a challenging environment, particularly for exports, which faced significant declines in several key markets.

In the month-on-month analysis, Sweden's imports saw a total trade value of 138.38B SEK, which represents a decrease of 6.56B SEK, or approximately -4.52%. The top three countries contributing to this decline were Germany (21.03B SEK, -2.48B SEK, -10.56%), Norway (14.04B SEK, -1.46B SEK, -9.41%), and Denmark (8.6B SEK, -1.07B SEK, -10.00%). Conversely, the highest increases came from Belgium (7.68B SEK, +1.46B SEK, +23.55%), Malaysia (1.22B SEK, +878.06M SEK, +254.70%), and Canada (1.31B SEK, +828.72M SEK, +172.49%). For exports, the total trade value was 145.15B SEK, down by 8.88B SEK, or -5.76%. The largest decreases were seen in Norway (14.36B SEK, -2.35B SEK, -14.00%), Russia (322.11M SEK, -2.17B SEK, -87.00%), and Czechia (1.08B SEK, -1.61B SEK, -59.71%). The top increases were from the United States (13.72B SEK, +954.22M SEK, +7.47%), Uzbekistan (792.66M SEK, +770.87M SEK, +3537.54%), and Belgium (8.03B SEK, +749.12M SEK, +10.29%).

In the year-on-year analysis, Sweden's imports totaled 138.38B SEK, reflecting a slight increase of 46.33M SEK, or +0.03%. The top contributors to this growth were the Netherlands (15.93B SEK, +3.31B SEK, +26.19%), Czechia (3.81B SEK, +1.23B SEK, +47.50%), and Malaysia (1.22B SEK, +892.3M SEK, +269.98%). The largest declines were from China (6.56B SEK, -2.14B SEK, -24.57%), Germany (21.03B SEK, -2.12B SEK, -9.15%), and Guyana (192K SEK, -1.68B SEK, -99.99%). For exports, the total was 145.15B SEK, with an increase of 1.3B SEK, or +0.01%. The highest increases were from Belgium (8.03B SEK, +1.68B SEK, +26.48%), Uzbekistan (792.66M SEK, +785.75M SEK, +11369.50%), and the United States (13.72B SEK, +560.45M SEK, +4.26%). The largest decreases were seen in Brazil (1.3B SEK, -1.1B SEK, -45.80%), Egypt (883.46M SEK, -920.72M SEK, -51.03%), and the United Kingdom (7.45B SEK, -901.44M SEK, -10.79%).

Overall, Sweden's total trade value for exports decreased by 6.79B SEK (4.22%) to 154.03B SEK, while imports fell by 13.48B SEK (8.51%) to 144.93B SEK. This indicates a significant contraction in trade activity, particularly in imports, which may reflect broader economic challenges or shifts in demand. The notable increases in imports from Brazil and exports to Canada highlight specific areas of growth amidst the overall decline.

In the month-on-month analysis, imports from Brazil saw the highest increase with a trade value of 1.41B SEK, reflecting a significant rise of 877.53M SEK (1.65%). The Netherlands followed with a trade value of 15.96B SEK, increasing by 683.86M SEK (0.04%). Chile also experienced a notable increase with 776.8M SEK, up by 626.48M SEK (4.17%). On the downside, Germany faced the largest decline in imports, dropping by 2.94B SEK (11.11%) to a total of 23.51B SEK. France and the United States also saw significant decreases of 1.88B SEK (28.12%) and 1.64B SEK (22.74%) respectively. In exports, Canada led with a trade value of 3.24B SEK, increasing by 1.8B SEK (125.61%). Czechia followed with 2.69B SEK, up by 1.13B SEK (72.64%). Russia also saw a rise to 2.49B SEK, increasing by 944.45M SEK (61.05%). Conversely, Germany's exports fell by 1.99B SEK (11.29%) to 15.65B SEK, while Poland and the United Kingdom experienced declines of 1.37B SEK (18.8%) and 1.15B SEK (13.91%) respectively.

In the year-on-year analysis, imports from Ireland showed the most significant growth, reaching 2.25B SEK with an increase of 773.85M SEK (52.57%). Czechia followed with 3.38B SEK, up by 485.93M SEK (16.79%). Brazil also saw a rise to 1.41B SEK, increasing by 450.79M SEK (47.04%). On the contrary, Belgium faced the largest decline in imports, dropping by 1.77B SEK (22.11%) to 6.22B SEK. Guyana and the Netherlands also saw significant decreases of 1.64B SEK (99.9%) and 1.46B SEK (8.39%) respectively. In exports, Canada led with a trade value of 3.24B SEK, increasing by 2.33B SEK (258.96%). Russia followed with 2.49B SEK, up by 1.88B SEK (306.46%). Czechia also saw a rise to 2.69B SEK, increasing by 1.25B SEK (86.94%). However, exports to the United States fell by 2.25B SEK (14.96%) to 12.77B SEK, while Germany and the Netherlands experienced declines of 1.89B SEK (10.77%) and 1.84B SEK (20.71%) respectively.

In summary, Sweden's trade dynamics showed a positive trend in the month-on-month analysis with total imports increasing by 8.51B and exports by 5.88B. However, the year-on-year perspective revealed a decline in both imports and exports, with total imports down by 4.27B and exports by 2.8B. The month-on-month growth was driven by strong performances from key trading partners and product categories, while the year-on-year decline indicates potential challenges in maintaining trade levels compared to the previous year.

In the month-on-month analysis, imports from Germany saw the highest increase with a trade value of 26.45B, reflecting a growth of 1.97B (8.04%). Norway followed closely with an increase of 1.55B (10.35%), while France experienced a significant rise of 1.44B (27.48%). On the lower end, imports from China decreased by 1.39B (-15.99%), Brazil saw a drop of 461.46M (-46.48%), and Chile's imports fell by 321.15M (-68.12%). For exports, the United Kingdom led with an increase of 1.6B (24.06%), followed by Germany with 1.53B (9.48%), and France with 1.11B (17.06%). Conversely, exports to the Netherlands decreased by 704.69M (-8.08%), Ukraine by 481.46M (-36.44%), and Portugal by 441.5M (-38.26%). Overall, total imports increased by 8.51B (5.68%) while exports rose by 5.88B (3.78%).

In the year-on-year analysis, imports from the United States showed the most significant increase with a trade value of 7.23B, reflecting a growth of 1.65B (29.51%). France also saw a notable increase of 1.18B (21.55%), while Ireland's imports rose by 650.37M (45.67%). On the downside, imports from China decreased by 2.11B (-22.47%), the United Kingdom by 1.95B (-29.58%), and Guyana by 1.6B (-99.99%). For exports, Turkey led with an increase of 696.46M (46.75%), followed by France with 677.47M (9.77%), and Poland with 623.56M (9.37%). However, exports to China fell by 1.32B (-21.78%), Canada by 1.31B (-47.73%), and the United Kingdom by 1.16B (-12.27%). Overall, total imports decreased by 4.27B (-2.62%) while exports fell by 2.8B (-1.72%).

Overall, Sweden's total trade saw a significant increase in exports, totaling 154.93B with a rise of 25.68B (19.86%). Imports also increased to 149.9B, up by 12.85B (9.37%). The month-on-month analysis showed strong growth in both imports and exports, particularly from Germany and the United States, while year-on-year comparisons indicated a mixed performance with notable declines in imports from the UK and China.

In the month-on-month analysis, imports from Germany saw the highest increase with a trade value of 24.48B, reflecting a growth of 3.21B (15.09%). Poland followed with 7.33B, increasing by 1.48B (25.22%). Belgium also showed significant growth at 7.99B, with a rise of 1.43B (21.79%). On the lower end, imports from Guyana were minimal at 79K, dropping by 756.06M (-99.99%). Nigeria's imports decreased to 285.74M, down by 517.09M (-64.41%). The United Arab Emirates also saw a decline, with imports at 71.06M, down by 339.34M (-82.69%). For exports, the United States led with 12.29B, increasing by 4.37B (55.10%). Germany followed with 16.11B, up by 3.6B (28.82%). Belgium also had a notable increase at 8.38B, rising by 1.59B (23.35%). Conversely, exports to the United Kingdom fell to 6.66B, down by 1.04B (-13.55%). Canada saw a decrease to 1.64B, down by 1.04B (-38.82%). Exports to Russia dropped significantly to 884.16M, down by 884.54M (-50.01%).

In the year-on-year analysis, imports from the United States increased to 7.28B, up by 2.74B (60.31%). Ireland also saw a rise to 1.97B, increasing by 698.86M (55.08%). Germany's imports were at 24.48B, with a modest increase of 500.7M (2.09%). On the downside, imports from the Netherlands fell to 14.02B, down by 2.79B (-16.59%). The United Kingdom's imports decreased to 4.51B, down by 1.77B (-28.17%). China also saw a decline to 8.68B, down by 1.46B (-14.38%). For exports, Norway led with 15.61B, increasing by 1.13B (7.83%). The Netherlands followed with 8.72B, up by 1.13B (14.91%). Finland's exports were at 10.37B, increasing by 1.08B (11.66%). On the lower end, exports to Canada fell to 1.64B, down by 1.62B (-49.69%). The United Kingdom's exports decreased to 6.66B, down by 1.23B (-15.63%). Exports to the United States also saw a decline to 12.29B, down by 669.04M (-5.16%).