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Sweden Net Trade (Goods & Services, BoP)

Sweden's net trade (goods & services, bop) rose to $29.33 billion in 2024, up from $25.14 billion in 2023, according to World Bank. This represents an increase of 16.7% ($4.19 billion) from the previous year. Sweden has the 18th highest net trade (goods & services, bop). Within Europe, it ranks 12th out of 44 countries.

Yearly Historical Data (1970-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 29.33
2023 25.14
2022 14.1
2021 29.42
2020 23.84
2019 23.13
2018 11.01
2017 11.55
2016 15.27
2015 18.12
2014 18.25
2013 23.33
2012 28.32
2011 28.83
2010 23.67
2009 21.7
2008 31.03
2007 31.34
2006 29.86
2005 24.8
2004 26.94
2003 18.51
2002 16.61
2001 18.59
2000 16.06
1999 16.09
1998 15.73
1997 16.24
1996 16.81
1995 14.38
1994 8.54
1993 6.78
1992 3.83
1991 3.73
1990 0.07
1989 0.98
1988 2.64
1987 2.8
1986 3.24
1985 1.82
1984 3.38
1983 1.97
1982 -0.61
1981 0.34
1980 -1.73
1979 -0.55
1978 1.62
1977 -0.85
1976 -0.73
1975 0.36
1974 -0.12
1973 1.74
1972 0.85
1971 0.55
1970 -0.12
Sweden Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Sweden, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $195.76B $197.53B 2024
Annual Imports $188.97B $193.24B 2024
Balance of Trade SEK -8.9B SEK 3.6B Aug'25
Exports SEK 144B SEK 153.8B Aug'25
Exports (% GDP) 54.6% 55.38% 2024
FDI Inflows (% GDP) 4.37% 3.08% 2024
Imports SEK 152.9B SEK 150.2B Aug'25
Imports (% GDP) 50.21% 51.36% 2024
Tariff Rate 1.95% 2.24% 2022
Trade (% GDP) 104.81% 106.74% 2024