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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Germany and Sweden, each channel at its own period. Left, Germany to Sweden; right, Sweden to Germany.

Finance to trade

positions ÷ goods, both directions
Finance to trade2.8×positions ÷ goods, both directions
Financial positions, both directions160USD bn
Goods, both directions57.1USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceGermany → SwedenSweden → Germanyother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 34.5 / 22.602550Bank claims · quarterly · USD bnQ2 2026 · – / 11.702550Portfolio holdings · half-yearly · USD bnDec 2025 · 65.0 / 40.0050100Direct investment · annual · USD bn2024 · 28.1 / 15.202550Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 2.8×0.0×2.5×5.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Germany → Sweden

Aug 2025–Jul 2026

exports of Germany to Sweden, 12 months

Exports, 12 months34.5USD bnreported
0.96importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Sweden → Germany

Aug 2025–Jul 2026

exports of Sweden to Germany, 12 months

Exports, 12 months22.6USD bnreported
1.01importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Germany → Sweden

Q2 2026

loans and deposits of banks in Germany on residents of Sweden

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Sweden → Germany

Q2 2026

loans and deposits of banks in Sweden on residents of Germany

Position11.7USD bn
Flow in the quarter−1.3USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Germany → Sweden

Q4 2025

securities issued in Sweden held by investors in Germany

Total65.0USD bn
Equity14.2USD bn
Debt securities50.8USD bn
Sources

Holder to issuer, Q4 2025.

Sweden → Germany

Q4 2025

securities issued in Germany held by investors in Sweden

Total40.0USD bn
Equity20.5USD bn
Debt securities19.5USD bn
Sources

Holder to issuer, Q4 2025.

Germany → Sweden

2024

position of investors in Germany in Sweden

Position28.1USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Sweden → Germany

2024

position of investors in Sweden in Germany

Position15.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.