Overview In May 2022 Sweden exported SEK155B and imported SEK158B, resulting in a negative trade balance of SEK2.71B. Between May 2021 and May 2022 the exports of Sweden have increased by SEK28.7B (22.7%) from SEK126B to SEK155B, while imports increased by SEK35.5B (29%) from SEK122B to SEK158B.
Trade In May 2022, the top exports of Sweden were Refined Petroleum (SEK13.9B), Cars (SEK9.43B), Packaged Medicaments (SEK5.71B), Sawn Wood (SEK5.38B), and Vaccines, blood, antisera, toxins and cultures (SEK4.49B). In May 2022 the top imports of Sweden were Crude Petroleum (SEK13.9B), Cars (SEK8.23B), Refined Petroleum (SEK6.36B), Motor vehicles; parts and accessories (8701... (SEK4.82B), and Computers (SEK3.46B).
Destinations In May 2022, Sweden exported mostly to Norway (SEK17.1B), Germany (SEK15.6B), United States (SEK15.2B), Denmark (SEK11B), and Finland (SEK10.8B), and imported mostly from Germany (SEK23.9B), Norway (SEK20.9B), Netherlands (SEK15.7B), United Kingdom (SEK9.46B), and Denmark (SEK9.29B).
Growth In May 2022, the increase in Sweden's year-by-year exports was explained primarily by an increase in exports to Poland (SEK335M or 8.86%), Vietnam (SEK211M or 149%), and Russia (SEK170M or 12.3%), and product exports increase in Crude Petroleum (SEK488M or 3.49M%), Nuclear Reactors (SEK479M or 2.82M%), and Electricity (SEK267M or 28.4%). In May 2022, the increase in Sweden's year-by-year imports was explained primarily by an increase in imports from Spain (SEK681M or 40.4%), Vietnam (SEK461M or 55%), and Hungary (SEK340M or 28.8%), and product imports increase in Electricity (SEK662M or 641%), Computers (SEK659M or 21.4%), and Nuclear Reactors (SEK432M or 1.71k%).