What does Sweden export to the United States?

The key imported goods from Sweden into the US were transportation equipment, chemicals, non-electrical machinery totaling over $2 billion each followed by computer and electronic products at $814 million. Sweden is the 41st largest export destination for goods for the United States.

What does Sweden export to us?

Bilateral Trade by Products

In 2019, Sweden exported $12.5B to United States. The main products exported from Sweden to United States were Cars ($2.15B), Packaged Medicaments ($1.17B), and Gas Turbines ($414M).

What are Sweden’s major exports?

Main Swedish exports include machinery and transport equipment, chemical and rubber products, food, clothing, textiles and furniture, and wood products. Exports and investments are rapidly increasing, and the Swedish export market is expected to grow by 8% each year through 2013.

What are the top 3 Exports of Sweden?

Searchable List of Sweden’s Most Valuable Export Products

Rank Sweden’s Export Product 2020 Value (US$)
1 Cars $11,489,708,000
2 Medication mixes in dosage $8,983,276,000
3 Processed petroleum oils $5,504,298,000
4 Phone system devices including smartphones $4,979,767,000

Why is Sweden important to the US?

U.S.-SWEDEN RELATIONS

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Sweden was one of the first countries to recognize U.S. independence in 1783 and the two countries have maintained a strong bilateral friendship since then, based on shared values and mutual interests.

What kind of economic system is Sweden?

Sweden has a mixed economic system in which there is a variety of private freedom, combined with centralized economic planning and government regulation. Sweden is a member of the European Union (EU).

What is Sweden famous for producing?

Sweden is a major world exporter of forest products. Timber is transported via a dense road and rail network. Sawmills and pulp and paper factories process the forest products. Swedish manufacturers produce a variety of wood products, including paper, boards, and prefabricated houses and furniture.

What is Sweden’s main import?

Sweden imports mainly machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing. Its principal import partners are European Union countries (Germany, Denmark, Netherlands, Finland), Norway and China.

In what country are Swedish exports manufactured?

Chemicals and textiles are other groups of imported goods. Germany is the main supplier of Sweden’s imports, followed by the Netherlands, Norway, Denmark, the United Kingdom, and Finland.

Why is Sweden so wealthy?

How did Sweden get so rich? Sweden only started to really accumulate wealth as it started to industrialise sometime in the mid-19th century. … Through luck and well-placed geography, Sweden had the kind of natural resources (iron ore and wood) needed when countries like Britain and Germany industrialised.

Why is Sweden’s economy so good?

‘ According to the World Bank, a key feature of the Swedish economy is its openness and liberal approach to trade and doing business. Sweden has traditionally been an export-orientated nation, and typically maintains a trade surplus, i.e. the value of goods and services it exports is greater than the value of imports.

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What is Sweden’s biggest industry?

Data

Year GDP (in Bil. US$ PPP) GDP per capita (in US$ PPP)
1988 153.6 18,155
1989 163.5 19,172
1990 170.9 19,891
1991 174.8 20,216

Are Sweden and the US allies?

Sweden was one of the first countries to recognize U.S. independence in 1783 and the two countries have maintained a strong bilateral friendship since then, based on shared values and mutual interests.

How is Sweden government different from the US?

Sweden is a Parliamentary democracy as well as a constitutional monarchy while The US is a Republic Democracy.