International Merchandise Trade Statistics: Trade Balance: Commodities for Sweden
XTNTVA01SEA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,000,000,000.00
Year-over-Year Change
22.45%
Date Range
1/1/1955 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Sweden measures Sweden's trade surplus or deficit in goods and commodities. It is a key economic indicator used to assess the nation's international competitiveness and balance of payments.
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
This data series represents the difference between Sweden's exports and imports of physical goods and commodities. It provides insight into Sweden's trade position and the dynamics of its international trade flows, which are important factors in evaluating the country's economic performance and policymaking.
Methodology
The data is collected and reported by Sweden's national statistical agency based on customs records and surveys of importers and exporters.
Historical Context
Policymakers and market analysts closely monitor Sweden's trade balance as it has implications for the country's exchange rate, economic growth, and overall external position.
Key Facts
- Sweden has maintained a trade surplus since the 1990s.
- Machinery and vehicles are major components of Sweden's exports.
- The trade balance is a key input for Sweden's current account and GDP calculations.
FAQs
Q: What does this economic trend measure?
A: This data series measures the difference between the value of goods and commodities exported from Sweden and the value of goods and commodities imported into Sweden, providing the country's overall trade balance.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is an important indicator of a country's international competitiveness, economic performance, and external position, making it highly relevant for policymakers, economists, and market analysts studying the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected by Sweden's national statistical agency based on customs records and surveys of importers and exporters.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor the trade balance closely as it has implications for the exchange rate, economic growth, and the overall current account, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, but may be subject to revisions as more complete information becomes available.
Related Trends
Harmonized Index of Consumer Prices: Food for Sweden
CP0110SEM086NEST
Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Sweden
00XEFDSEM086NEST
Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Sweden
SWEPITGND01GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Sweden
SWECP080000IXOBQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Sweden
SWECP050000GYQ
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Sweden
SWECP020000GPM
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Sweden (XTNTVA01SEA664N), retrieved from FRED.