FX.co ★ Sweden Trade Balance Swings to Deficit

Sweden posted a trade deficit of SEK 7.3 billion in April 2026, reversing from a surplus of SEK 5.3 billion in the same month a year earlier, as import growth significantly outpaced exports. Imports jumped 16.0% year-on-year to an all-time high of SEK 190.8 billion, reflecting strong increases in purchases from both EU partners (up 12.5% to SEK 127.9 billion) and non-EU countries (up 23.8% to SEK 62.9 billion). Exports rose 8.1% to SEK 183.5 billion, supported by higher shipments to the EU (up 10.0% to SEK 100.5 billion) and to markets outside the EU (up 5.9% to SEK 83.0 billion). Over the January–April period, the trade surplus narrowed sharply to SEK 5.7 billion from SEK 36.2 billion a year earlier. On a seasonally adjusted basis, the trade balance showed a deficit of SEK 2.9 billion in April, compared with a revised deficit of SEK 1.4 billion in March.