Market profile. In 2008 Wind power was produced 2 TWh. Sweden is an export based economy. PNG; JPEG; Copy and paste the following code to your website: About. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden is well endowed with mineral resources. Resources include specfic information on: 13 14 15. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Nevertheless, Sweden remains a major weapons exporter with Swedish weapons being used all around the world. Swedish company, Saab, makes more than 50 percent of the weapons the country exports. Global Export 2020: Stability prevails for Sweden's export market share. Sweden Trade Last Previous Highest Lowest Unit; Balance of Trade 4700.00: 3500.00: 21900.00-10500.00: SEK million: Current Account Beans, glass art, wine, beer, literature, and music. Contact. These constitute the resource base of an economy oriented toward foreign trade. The top three U.S. imports from Sweden, also by value, were Passenger vehicles, (2) Gasoline, other fuels, and (3) Returned exports, without change. The government has been expanding its export base away from the traditionally European market, seeking to grow in Asia, South America, and the United States, but the bulk of Sweden’s exports still remains within the EU. Wind power. More on what we do . (1964-1969) Data visualization of economic trade. The United States and Sweden’s two way trade for 2019 is $25.5 billon (including trade in goods and services). Sweden has a 1.3% share of a global export market that is worth $753 billion annually. Vehicles: $2.3 billion 2. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Plastic plates, sheets, film, tape, strips, Hot-rolled iron or non-alloy steel products, Electrical/optical circuit boards, panels, Iron and steel screws, bolts, nuts, washers, Men's suits, trousers (not knit or crochet), Machinery including computers: US$25.8 billion (16% of total exports), Electrical machinery, equipment: $14.2 billion (8.9%), Mineral fuels including oil: $11 billion (6.8%), Plastics, plastic articles: $5.5 billion (3.4%), Optical, technical, medical apparatus: $4.1 billion (2.6%), Paper, paper items: US$7 billion (Down by -4.6% since 2018), Pharmaceuticals: $5.4 billion (Up by 32.5%), Machinery including computers: $4.5 billion (Up by 11.4%), Ores, slag, ash: $2.4 billion (Up by 2.3%), Gems, precious metals: $877.2 million (Up by 3.1%), Base metal tools, cutlery: $510.4 million (Down by -8.1%), Mineral fuels including oil: -US$5.7 billion (Down by -27.2% since 2018), Electrical machinery, equipment: -$5 billion (Up by 7.3%), Knit or crochet clothing, accessories: -$1.3 billion (Up by 2.7%), Clothing, accessories (not knit or crochet): -$1.3 billion (Up by 5.9%), Inorganic chemicals: -$1.1 billion (Down by -7%), Fruits, nuts: -$929.7 million (Down by -10.2%), Rubber, rubber articles: -$879.4 million (Down by -3.1%), Furniture, bedding, lighting, signs, prefabricated buildings: -$874.6 million (Up by 37.1%), Alfa Laval (miscellaneous industrial equipment), Assa Abloy (miscellaneous industrial equipment), Atlas Copco (miscellaneous industrial equipment), Hexagon (miscellaneous industrial equipment), Sandvik (miscellaneous industrial equipment), SKF Group (miscellaneous industrial equipment), Bulten Sweden (automotive parts, screws/bolts/nuts), First Cargo Sweden (automobiles, bicycles, rubber tires), Gelita Sweden (gelatin, salted/smoked meat, peptones/other proteins), Kendrion Hagalund (automotive parts, smoking tobacco, titanium dioxide pigments). The copper, silver, and iron ore deposits of central Sweden either have been largely exhausted or are unprofitable to extract. By tonnage, the top three U.S. exports were (1) Oil, (2) Tall oil, or liquid rosin, and (3) Kaolin clays. In the Boliden area of Norrland a wide range of metals, including gold, copper, lead, and zinc, are mined. How does Sweden make its money? Country. The copper, silver, and iron ore deposits of central Sweden either have been largely exhausted or are unprofitable to extract. The following chart shows the distribution of Sweden’s export partners. Sweden is an export based economy. The reason is not that Swedish exports have decreased, but that the global arms trade has risen. Infodriveindia presents detailed analysis of India Exports to Sweden with detailed break up at major hs codes, products and ports. Swedish exports of military equipment came to a total of 11.3 billion kronor ($1.38 billion) in 2017, up 2 percent from the year before, a new report from the Swedish Inspectorate of Strategic Products (ISP) shows. In the Boliden area of Norrland a wide range of metals, including gold, copper, lead, and zinc, are mined. Scatter. Between 2018 and 2019, chemicals/pharmaceuticals and steel have captured market share. Sweden Top export commodities. List of top products exported by Sweden with full list of export and import partner countries of Sweden. Log in. Sweden Market Snapshot (PDF 536KB). Machinery and equipment is the biggest category of goods, accounting for 33 percent of exports. 1. Top Answer. Sweden is a constitutional monarchy and parliamentary democracy with a head of government - the prime minister - and a head of state - the monarch. This page displays a table with Sweden Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. The leading export goods are military armaments, paper products, iron and steel products, machinery, pulp and wood, chemicals, and motor vehicles. Famous Swedish-produced weapons used worldwide are the AT4 anti-tank rifle, Bofors 40 mm auto cannon, Carl Gustav recoilless rifle and … It’s not,” Hanage said. It is a member of the European Union (EU) is ranked as the twenty-second in the world for Gross Domestic Product (GDP) and the IMF rank it as seventh for GDP per capita with the average unemployment rate for the working population age is. But commodity groups have seen changes. Business Sweden is an organisation jointly owned by the State and business sector that supports and promotes Swedish exports and investments in Sweden. It ranks 22nd in the world for Gross Domestic Product (GDP) and according to data from the International Monetary Fund (IMF), it is ranked seventh for GDP per capita . The main export partners are Germany taking 11%, the United Kingdom taking 7.7%, the United States taking 6.4%, Netherlands taking 5.3%, Belgium taking 5.2%, Finland … Sweden's engineering sector accounts for 50% of output and exports. Export controls and requirements, certificates and permits, excise taxes, sanctions and prohibited goods. Sweden: Browse through 72 potential providers in the export industry on Europages, a worldwide B2B sourcing platform. The huge state-owned iron ore deposits at Kiruna in Lappland were opened to export at the end of the 19th century. Over 1,000 British companies are operating in Sweden, including well known compan… Sweden is a world leader in investment into research and development (R&D), spending around 3% of GDPannually. $17.6 billion or 10.6% of its overall exports. Intra-EU trade accounts for 59% of Sweden’s exports (Germany 11%, Denmark and Finland both 7%), while outside the EU 10% go to Norway and 7% to the United States. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron, and steel. This statistic shows the main export partners of Sweden for wine in 2018, by export value. Trade: The top exports of Sweden are Cars ($11.9B), Refined Petroleum ($10B), Packaged Medicaments ($6.9B), Vehicle Parts ($5.6B), and Broadcasting Equipment ($3.74B). Does Sweden import or export any kind of goods? Sweden; Turkey; United Kingdom; United States; Ukraine; D.3. Answer. Top Sweden Exports 2018. What is Sweden's imports and exports? Top Sweden Imports 2018. Certain export prohibitions have been implemented under the authority of the Export and Import Permits Act. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Non-fillet Fresh Fish – $3.3 billion. Tables and graphs. Sweden's engineering sector accounts for 50% of output and exports. Electricity export and import was (TWh) [24] – in 2009 import: Norway 8, Denmark 3, Finland 3 – in 2009 export: Norway 3, Denmark 4, Finland 2, Germany 1, Poland 1 – in 2008 import: Norway 9, Denmark 2, Finland 4 – in 2008 export: Norway 2, Denmark 7, Finland 4, Germany 3, Poland 2 Sweden's exports to Germany amounted to. Relationship with international guidelines: There are no differences in concept between the Swedish Foreign Trade statistics and EU basic regulation 3330/91 and EU regulation 1172/95. In 2018, arms export from Sweden to the United States amounted to 28 million constant (1990) U.S. dollars. Sweden was the world's sixth-largest export country of weapons and military technology in 2005, but went down to the eight place on the list in 2011. Swedish Household Consumption Softens in October, Swedish Inflation Rate Slows to 6-Month Low, Swedish Services Growth Highest in 2 Years, Sweden Factory Growth Strongest since 2017, Swedish Retail Trade Growth Beats Forecast, Swedish Consumer Morale Deteriorates in November, Sweden Producer Prices Fall More than Expected, Riksbank Holds Rates, Extends Asset Purchases, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. In terms of imports, 71% come from EU countries (Germany 19%, the Netherlands 8% and Denmark 8%), while outside the EU 8% come from Norway and 6% from China. In 2017 Swedish exports of goods amounted to a total value of 58 billion SEK, a year-on-year increase of 27 percent. Swedish Export Credit Corporation is a state-owned company that finances Swedish exporters, their subsidiaries, and foreign customers. Plastics, plastic articles: $5.5 billion (3.4%) Fish: $4.4 billion (2.7%) Optical, technical, medical apparatus: $4.1 billion (2.6%) Sweden’s top 10 exports accounted for well over two-thirds (71.4%) of the overall value of its global shipments. Based on the average exchange rate for 2019, the Swedish krona depreciated by -12.1% against the US dollar since 2015 and dropped by -8.8% from 2018 to 2019. Sweden is highly dependent on exports, is strongly pro-free trade, and has one of the most internationally integrated economies in the world. Export value of Norwegian petroleum, 1971-2019. Year. Between 2018 and 2019, chemicals/pharmaceuticals and steel have captured market share. This peak was largely a result of an up- scaling of the telecommunications sector and exports to provide equipment to this end. But commodity groups have seen changes. These findings are based on India Export database of infodriveindia and is based on shipping bills and bills of entry filed at Indian customs. Sweden: Browse through 99 potential providers in the imports & exports industry on Europages, a worldwide B2B sourcing platform. News . This page provides forecast and historical data, charts, statistics, news and updates for Sweden Exports of Goods. The … Ranking of the country (Sweden) at the global level is (from the highest to the lowest data) : 53 / 184 See the entire classification Sweden : 33 records since 1980 , the average of these recordings : 106 1000 Metric Ton The highest data : 2009 is the highest year for the indicator : Coal - Exports (1000 Metric Ton). Swedish exports of military equipment came to a total of 11.3 billion kronor ($1.38 billion) in 2017, up 2 percent from the year before, a new report from the Swedish Inspectorate of Strategic Products (ISP) shows. The huge state-owned iron ore deposits at Kiruna in Lappland were opened to export at the end of the 19th century. Sweden imported 8–10 TWh hydro power from Norway in 2006–2009 and exported some electricity back. Download historical data for 20 million indicators using your browser. Sweden is well endowed with mineral resources. General Information / Market Access / Practical Information / Economic Indicators / Market Research / Country Risk / Doing Business / Agriculture / Taxes, accounting / Labour Market / Media / Useful Links. More news Case. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Our Commercial Specialists assist U.S. companies with trade counseling, market intelligence, access to trade promotion opportunities, advocacy and facilitation of trade dispute resolution. Exports to Destination Imports from Origin Exports by Product Imports by Product Trade Balance. Broadcasting Equipment – $3.7 billion. 2020 : U.S. trade in goods with Sweden . So it sells goods and services as well as substantional resource export such as steel, wood and energy. Before exporting goods, you must submit an export declaration to Swedish Customs. Sorry, your blog cannot share posts by email. The U.S. Commercial Service in Stockholm, Sweden, located at the U.S. Embassy, promotes export of U.S. goods and services into the Swedish market. Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labour-force. Timber, hydropower and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. The Swedish export reached a peak in 2007 with SEK 2073 million. What does Sweden import to Canada? The National Institute for Economic Research … Merchandise Trade statistics data for Sweden (SWE) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. The depicted export value is only an indicator and does not correspond to … Vehicle Parts – $5.6 billion. Last Published: 7/22/2019. Sweden is a wealthy, prosperous and developed country. The EU has signed a number of free trade agreements with various countries. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Sweden in the EU European Parliament. Sweden shipped US$166 billion worth of goods around the globe in 2018, up by 0.8% since 2014 and up by 8.4% from 2017 to 2018. Direct access to our calendar releases and historical data. In the export declaration, you must enter a commodity code for your goods, selected from the common nomenclature used in the EU. Sweden is the ninth easiest country in to do business according to the World Bank Report 2016. Traditionally a … Sweden Country Growth v/s World Growth v/s GDP Growth. The Swedish economy bounced back more quickly than other similar economies due to strong public sector finances and a reliable export-driven economy. You may submit the declaration yourself, or use an authorised representative. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Main export partners are Germany, United States and Norway. Sweden is a strong economy with an average unemployment rate for persons of working age at almost 8%. Sweden is a unitary state, divided into 20 counties and 290 municipalities.Location on the EU map The government has been expanding its export base away from the traditionally European market, seeking to grow in Asia, South America, and the United States, but the bulk of Sweden’s exports still remains within the EU. Swedish operations are carried out at the head office in Stockholm and by regional export advisers who advise, inform and train Swedish companies locally. Press release from Anna Hallberg, Ministry for Foreign Affairs. For more information, contact Business Sweden - the Swedish Trade & Invest Council. Sweden FITA offers extensive information and link resources for Sweden and more than 80 other different country profiles. Sweden - Import Tariffs Sweden - Import Tariffs Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market. Machinery and Chemicals are the main two categories in terms of monetary value, with Industrial machinery being the largest single sector. Table reflects only those months for which there was trade. Competitiveness and reboot for research, innovation and investments. Top 10 Swedish Exports to Germany. Rössing Mine do not allow any visitors in the mine area and do not answer any questions concerning the employee health and safety and environmental protection. Trade Flow. Legislative power is vested in the single-chamber parliament. Sweden is a wealthy, prosperous and developed country. Find out how UK companies can control risks when doing business in Sweden. The Trading Economics Application Programming Interface (API) provides direct access to our data. The inflation rate was 1.4% as of September 2010. Export opportunities and advice. After this investments phase in the telecommunications sector the export have now decreased to SEK 293 million for 2017. The government exercises executive power. Research and innovation are crucial to Sweden’s competitiveness and to rebooting the economy after the COVID-19 … Find out about the UK’s biggest food and drink exports in 2019 as Smylies take a look at the latest UK Exports review from the Food and Drink Federation. The top imports of Sweden are Cars ($8.81B), Crude Petroleum ($8.75B), Refined Petroleum ($6.87B), Vehicle Parts ($6.42B), and Broadcasting Equipment ($5.17B). Publish your articles and forecasts in our website. Sweden Imports By Country Value Year; Germany : $28.31B 2019 Netherlands: $14.95B 2019 Norway: $14.51B 2019 Denmark: $10.53B 2019 China: $8.18B 2019 Finland: $7.81B 2019 United Kingdom: $7.24B 2019 Belgium: $6.96B 2019 Poland: $6.70B 2019 … Central Bank policy is guided by inflation targeting to keep the Consumer Price Index (CPI) at or around 2% on an annual basis. What does Sweden export to the Federal Republic of Germany? In 2008 SOMO, the Netherlands, made a health study of the mine workers in Namibia. Exports chevron-down. Details About Sweden’s Imports/Exports . “Sweden’s approach has been widely misrepresented as doing nothing. Imports: are goods entering the borders of Sweden from the rest of the world. Sweden - Sweden - Trade: Exports account for about one-third of Sweden’s GDP. Our vision is to strengthen the competitiveness of the Swedish export industry to create employment and sustainable growth in Sweden. Sweden is a member of the European Union (EU) and is subject to EU trade regulatory requirements. what are the products Sweden imports and exports. Exports, imports and net trade balance, October 2020, in current prices 2020-11-27 In October 2020, Swedish exports of goods amounted to SEK 128.1 billion, while imports of goods amounted to SEK 123.4 billion. Sweden services export is 74,425,960,958 in BoP, current US$ and services import is 72,734,673,551 in Bop, current US$.Sweden exports of goods and services as percentage of GDP is 45.79% and imports of goods and services as percentage of GDP is 43.29%. 2014-06-09 17:44:37 2014-06-09 17:44:37. Top export destinations of Sweden are Germany ($17.4 billion), Norway ($15.2 billion), Denmark ($11.2 billion), the United States ($11.1 billion), and the Netherlands ($9.4 billion). Asked by Wiki User. Machinery: $1.9 billion 3. Exports and investments are rapidly increasing, and the Swedish export market is expected to grow by 8% each year through 2013. All export declarations must be submitted electronically. Exports of Goods for Sweden from Statistics Sweden for the Foreign Trade release. Partner. As a result, the net trade balance was SEK 4.7 billion. Sweden Trade: Exports and Imports Sweden’s primary export commodities include industrial machinery, automobiles, paper products, iron and steel products, pulp and wood, and chemicals. Sweden exports for … Refined Petroleum. We … Sweden shipped US$166 billion worth of goods around the globe in 2018, up by 0.8% since 2014 and up by 8.4% from 2017 to 2018. Here we provide more analysis of Sweden’s trading products. Main export partners are Germany, United States and Norway. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Of course we have to mention Blonds and Ikea if we want to stick to the stereotypes and not mention Ericsson, Saab, Volvo, Nordea, Skandia, H&M, Electrolux and lots of other Swedish firms you may have heard of In 2019, oil liquids (crude, NGL and condensate) accounted for a significantly larger share of total export value compared to production of natural gas. Global Export 2020: Stability prevails for Sweden's export market share. As a result, the net trade balance was SEK 4.7 billion. Select. Timber, hydropower and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. NKT. Details may not equal totals due to rounding. Post was not sent - check your email addresses! Furthermore, the Parliament of Canada has enacted legislation authorizing the imposition of trade and economic sanctions through the United Nations Act and the Special Economic Measures Act. Sweden’s share of the global export market for goods remains stable at around 1.1 per cent for the fourth consecutive year. Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labour-force. Vattenfall had not made any official controls for six years in 2010. Welcome to U.S. Commercial Service Sweden . Find more export advice and explore opportunities overseas on great.gov.uk. The economy of Sweden is a developed export-oriented economy aided by timber, hydropower, and iron ore. Press release October 26, 2020 SEK financing solar power in Angola. Build Visualization. International research and development network Accessing industrial technologies, expertise, funding and markets in Europe and beyond through EUREKA. Sweden applies the EU customs laws and coherent regulations, as well as common customs tariffs from the United States and other non-EU countries. Sweden’s share of the global export market for goods remains stable at around 1.1 per cent for the fourth consecutive year. Sweden exports for 2019 was $249.55B, a 1.66% decline from 2018. More information on doing business in Sweden All statistical news for this statistic. Before you export, it is also important to check whether the importing country has any regulations that apply to you as an exporter. Sweden is an export-oriented market economy. In October 2020, Swedish exports of goods amounted to SEK 128.1 billion, while imports of goods amounted to SEK 123.4 billion. Main Swedish exports include machinery and transport equipment, chemical and rubber products, food, … In 2018, Sweden bought US$170.1 billion worth of imported products up by 4.8% since 2014 and up by 10.6% from 2017 to 2018. Wiki User Answered . 1960-2020 Data | 2021-2022 Forecast | Historical | Chart | News. So it sells goods and services as well as substantional resource export such as steel, wood and energy. HS92 chevron-down. Exports to China constitute 4,5 percent of all Swedish exports, which makes China Sweden's eight largest export market. This is made possible through the efforts of the Swedish government, municipalities, trade associations, private companies, and a dedicated population. The total export value of crude oil, natural gas, NGL and condensate in 2019 was about NOK 424 billion (2020 NOK), or approximately half of the total value of Norway’s exports of goods. Sweden's engineering sector accounts for 50% of output and exports. Sweden export overview. Sweden is ranked as the 29 th largest export economy in the world. Export Prohibitions. While the Swedish government often takes a neutral position in international conflicts and … Dataset. Top Sweden Exports to the World. The emphasis has shifted from export of raw materials and semimanufactured products (pulp, steel, sawn wood) to finished goods, dominated by engineering products (cars, telecommunications equipment, hydroelectric power plant equipment) and, increasingly, high technology and chemical- and biotechnology. Sweden has one of the highest recycling rates in the world: in 2017, 99.5% of household waste was diverted from sanitary landfills and recycled in one way or another. 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