Trade after the US increased tariffs

How have trade flows changed after the US increased tariffs in 2025? Have EU and US goods exports increased or decreased compared with previous years? How are imports performing compared with previous years? View the two charts for an overview.

Trade flows are influenced by far more than US tariffs, and it is not yet possible to determine the effects that new US tariffs have had on trade in goods. The statistics nevertheless provide a good overview of how trade has changed after tariffs were introduced, as well as changes compared with previous years.

US goods exports have shown a downward trend since the tariffs were introduced in April 2025, but are still higher during the period April–August 2025 compared with the same period in 2024.

Overall, EU goods exports are down with the corresponding period in the previous year.

These charts provides an overview of how trade flows have developed after US increased tariffs in April 2025 compared with the corresponding period in the previous year.

The change refers to the period from April 2025 up to the latest available month of data and is compared with the corresponding period in the previous year. The percentage change is calculated using data in current prices in each respective currency: Sweden in SEK, the EU in EUR, and the US in USD.