International Trade: Exports: Value (Goods): Total for Sweden
XTEXVA01SEA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.54
Year-over-Year Change
5.17%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend measures the total value of goods exported from Sweden. It provides insight into Sweden's international trade activities and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The International Trade: Exports: Value (Goods): Total for Sweden series tracks the monetary value of all goods exported from Sweden to other countries. This metric is a key indicator of Sweden's trade balance and overall economic performance.
Methodology
The data is collected by Sweden's national statistical agency through surveys of exporters and customs documentation.
Historical Context
Policymakers and economists use this data to assess Sweden's trade position and the impact of factors like exchange rates, tariffs, and global demand.
Key Facts
- Sweden is a major exporter of machinery, vehicles, and chemicals.
- Exports account for around 50% of Sweden's GDP.
- China and Germany are Sweden's top export destinations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods exported from Sweden to other countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Sweden's trade balance, competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by Sweden's national statistical agency through surveys of exporters and customs documentation.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess Sweden's trade position and the impact of factors like exchange rates, tariffs, and global demand.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay and may be subject to revisions.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Sweden (XTEXVA01SEA188S), retrieved from FRED.