International Merchandise Trade Statistics: Exports: Commodities for Sweden
XTEXVA01SEA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,068,700,000,000.00
Year-over-Year Change
77.07%
Date Range
1/1/1955 - 1/1/2024
Summary
This trend measures the value of exported commodities from Sweden, providing insight into the country's international trade and economic activity.
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 Merchandise Trade Statistics: Exports: Commodities for Sweden tracks the monetary value of goods and services exported from Sweden to other countries. This data is a key indicator of Sweden's trade balance, competitiveness, and integration with the global economy.
Methodology
The data is collected by Sweden's national statistical agency through surveys and administrative records.
Historical Context
Policymakers and economists use this trend to assess Sweden's export performance and international competitiveness.
Key Facts
- Sweden is the 6th largest exporter in the European Union.
- Machinery and transportation equipment account for over 50% of Sweden's exports.
- Sweden had a trade surplus of $19.1 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of commodities exported from Sweden to other countries, providing insight into Sweden's international trade.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Sweden's trade balance, competitiveness, and economic integration, making it valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by Sweden's national statistical agency through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Sweden's export performance and international competitiveness, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Sweden (XTEXVA01SEA664N), retrieved from FRED.