The Swedish economy bounced back more quickly than other similar economies due to strong public sector finances and a reliable export-driven economy. Main Swedish exports include machinery and transport equipment, chemical and rubber products, food, clothing, textiles and furniture, and wood products.
What does Sweden produce the most?
Grains (particularly oats, wheat, barley, and rye), potatoes and other root crops, vegetables, and fruits are the chief agricultural products. Sugar beet cultivation in Skåne is important and produces almost enough sugar to make Sweden self-sufficient.
What are Sweden main exports?
- Machinery including computers: US$24.5 billion (15.7% of total exports)
- Vehicles : $21.3 billion (13.7%)
- Electrical machinery, equipment: $15.4 billion (9.9%)
- Pharmaceuticals: $11.6 billion (7.5%)
- Paper, paper items: $8.4 billion (5.4%)
- Mineral fuels including oil: $7.6 billion (4.9%)
How is Sweden so rich?
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.
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.
What products are made in Sweden?
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- Cheap Monday. Swedish fashion become synonymous with this rock inspired, old school brand in recent years. …
- Acne Jeans. Acne Jeans is slightly older than Cheap Monday, and another popular fashion export out of Sweden. …
- Hasselblad camera. …
- Koenigsegg. …
- Filippa K. …
- WESC. …
- Absolut Vodka. …
What is Sweden famous for?
10 Cool Swedish Facts: What Is Sweden Known For?
- Sweden’s mastery of pop music. …
- Sweden’s gorgeous green spaces. …
- Swedish art in the Stockholm metro stations. …
- Swedish design. …
- Swedish coffee and food culture. …
- Sweden’s ICEHOTEL. …
- The hip district of Södermalm. …
- Swedish royalty.
What are the top 3 imports of Sweden?
The most recent imports of Sweden are led by Cars ($8.75B), Crude Petroleum ($6.93B), Refined Petroleum ($6.32B), Vehicle Parts ($5.77B), and Broadcasting Equipment ($4.87B). The most common import partners for Sweden are Germany ($27.2B), Netherlands ($13.1B), Denmark ($10.3B), Norway ($10.1B), and China ($8.4B).
What are major imports and exports of Sweden?
Automobile and medicine were among Sweden’s top exports (7.4% and 5% respectively), followed by petroleum products and telecommunication devices. Automobile and petroleum products were also among Sweden’s top imports (5.4% and 5.1% respectively).
What does Sweden imports and exports?
Sweden Raw materials exports were worth US$ 9,617 million, product share of 5.99%. Sweden Raw materials imports were worth US$ 19,675 million, product share of 12.38%. Sweden Intermediate goods exports were worth US$ 39,048 million, product share of 24.32%.
Who is the richest country in the world?
Global wealth tripled over the last two decades, with China leading the way and overtaking the US for the top spot worldwide, Bloomberg reported.
Is Sweden religious?
While most countries in the world have no official religion, Sweden is in fact the only Nordic country without a state church, as Norway, Denmark, Iceland and Finland have all retained theirs. … Surveys also indicate that a declining number of Swedes attend any religious services regularly.
Why is living in Sweden awesome?
With a comparatively high quality of life, strong infrastructure, and the best system of healthcare and education, a large number of people continue moving to Sweden. … The Swedish people can be proud of their country as Sweden has been voted the Best Country in the World by newest edition of the Good Country Index.
What is the biggest industry in Sweden?
Economy of Sweden
|Main industries||Iron and steel precision equipment (bearings radio telephone parts armaments) pulp and paper processed foods motor vehicles|
|Ease-of-doing-business rank||10th (very easy, 2020)|
|Exports||$169.7 billion (2017)|
Is Sweden a poor country?
Sweden, a Nordic country in Northern Europe known for its progressive politics, is home to a population of 10.3 million. … Although Sweden is a relatively wealthy country, 16.2% of its people are at risk of falling into poverty.
Who does Sweden export to the most?
The biggest trading partner for exporting goods from Sweden in 2020 was Norway with a total export value of roughly 152.2 billion Swedish kronor. The second most goods were exported to Germany, reaching over 151 billion kronor the same year.