Sweden balance of trade

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Sweden balance of trade: 8700 (-26.89%)
Last Update: June 30, 2024

Sweden balance of trade closed down 8700 as of June 30, 2024 from 11900 from the previous month and 3000 from last year.


Sweden balance of trade Analytics & Data




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Sweden balance of trade

DateValues
2024-06-30 8700
2024-05-31 11900
2024-04-30 7900
2024-03-31 4800
2024-02-29 10900
2024-01-31 13300
2023-12-31 3800
2023-11-30 12700
2023-10-31 8900
2023-09-30 2300
2023-08-31 -7600
2023-07-31 7200
2023-06-30 3000
2023-05-31 100
2023-04-30 -3700
2023-03-31 8900
2023-02-28 6000
2023-01-31 7600
2022-12-31 -2700
2022-11-30 -6000
2022-10-31 -11600
2022-09-30 -800
2022-08-31 -17700
2022-07-31 -3800

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Sweden balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradese.balanceoftrade11900.079005111800UPUP1002024-05-31

Sweden balance of trade Factors

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Sweden balance of trade Historical Data

The MacroVar database offers free access to historical data for the Sweden balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Sweden balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Sweden balance of trade

Sweden's balance of trade refers to the difference between the value of exports and imports in the country. A positive balance of trade occurs when the value of exports exceeds that of imports, leading to a trade surplus. Conversely, a negative balance of trade occurs when the value of imports exceeds that of exports, resulting in a trade deficit. Sweden has historically maintained a positive balance of trade due to its strong export-oriented economy, particularly in sectors such as machinery, vehicles, and pharmaceuticals. This has allowed Sweden to generate revenue from exports and maintain a stable economy. However, fluctuations in global demand and trade policies can impact Sweden's balance of trade, leading to potential challenges for the country's economic stability.

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