Quick Answer: How much does Sweden export?

What are Sweden’s main 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 is Sweden’s number one export?

Economy of Sweden

Statistics
Ease-of-doing-business rank 10th (very easy, 2020)
External
Exports $169.7 billion (2017)
Export goods machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals, military armaments

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.

What do we import from Sweden?

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.

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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.

How strong is Sweden’s economy?

Sweden’s economy has been relatively stable over the last few decades and has, on the whole, grown steadily since 1970. Today inflation is low and the banking system relatively healthy.

Is Sweden depressing?

Sweden’s youth are at the highest risk of depression in Europe, according to a study by Eurofound. … “Sweden is one of the best places you can live! A significant number of people are not thriving, but it’s still one of the countries in the world where most people are happy.” Happiness is relative though.

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.

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 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).

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Does Sweden trade with Canada?

Sweden Exports to Canada was US$1.12 Billion during 2020, according to the United Nations COMTRADE database on international trade. Sweden Exports to Canada – data, historical chart and statistics – was last updated on November of 2021.

How important is foreign trade to Sweden?

Foreign Trade in Figures. Swedish economy is very open to foreign trade, which represented 90.5% of its GDP in 2019 (World Bank). Automobile and medicine were among Sweden’s top exports (7.4% and 5% respectively), followed by petroleum products and telecommunication devices.

Is Sweden good for farming?

The southern tip of Sweden is the most agriculturally productive. Sweden has quite short growing seasons in most parts of the country that limits the species and productivity of agriculture, but the south has the longest growing season, in some parts of the south in excess of 240 days.

What does Sweden manufacture?

Sweden’s main manufacturing activities are wood processing, paper, electronic equipment, industrial food processing, pharmaceutical products, etc. The new technologies and biotechnologies sectors are of significant importance in the economy.

Does Sweden manufacture weapons?

Nevertheless, Sweden remains a major weapons exporter with Swedish weapons being used all around the world. … Famous Swedish-produced weapons used worldwide are the AT4 anti-tank rifle, Bofors 40 mm auto cannon, Carl Gustav recoilless rifle and the JAS 39 multirole fighter aircraft.