FX.co ★ Sweden Trade Surplus Narrows in March

Sweden’s trade surplus narrowed to SEK 9.3 billion in March 2026, down from SEK 10.9 billion in the same month a year earlier, as import growth outpaced exports. Total imports rose 5.8% to SEK 185.8 billion, driven entirely by increased purchases from EU countries, which climbed 8.8% to SEK 126.5 billion, while imports from non-EU countries were unchanged at SEK 59.3 billion.

Exports increased 4.6% to SEK 195.1 billion, supported by a strong rise in sales to EU markets, up 10.8% to SEK 109.6 billion. In contrast, exports to non-EU destinations fell 2.4% to SEK 85.5 billion.

Over the first quarter of the year, the cumulative trade surplus shrank sharply to SEK 16.4 billion, compared with SEK 30.9 billion in the same period of the previous year. On a seasonally adjusted basis, the trade balance recorded a deficit of SEK 0.5 billion in March, reversing from a surplus of SEK 0.3 billion in February.