Who does Sweden Trade with?

In 2019, Sweden major trading partner countries for exports were Norway, Germany, United States, Finland and Denmark and for imports they were Germany, Netherlands, Norway, Denmark and China.

Who is Sweden’s biggest trading partner?

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 did Sweden trade?

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.

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.

Does Sweden trade with the US?

The United States is Sweden’s largest trading partner outside of the EU. … The U.S. exported $5.6 billion in services to Sweden in 2017 and imported $3.2 billion, a trade surplus of $2.4 billion.

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Who are Norway’s trading partners?

Norway trade balance, exports and imports by country

In 2016, Norway major trading partner countries for exports were United Kingdom, Germany, Netherlands, France and Sweden and for imports they were Germany, Sweden, China, United States and Denmark.

Does Sweden have a trade surplus or deficit?

A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2020, Sweden’s trade surplus amounted to around 6.37 billion U.S. dollars.

Sweden: Trade balance from 2010 to 2020 (in billion U.S. dollars)

Characteristic Trade balance in billion U.S. dollars

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%.

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.

Did Sweden trade with the Allies in ww2?

Sweden mainly imported petroleum products and agricultural produce, and exported wood products. Overall, petrol imports to Sweden greatly decreased, and substitute fuels were found. Sweden traded considerable goods with Germany during the war, particularly iron, iron products, ball bearings, and trucks.

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.

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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 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)

Does Sweden have allies?

The foreign policy of Sweden is based on the premise that national security is best served by staying free of alliances in peacetime in order to remain a neutral country in the event of war.

Are the US and Sweden 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.

Who does Sweden import from?

Norway followed as goods worth of approximately 132 billion kronor were imported into Sweden.

Main import partners of Sweden in 2020, by import value (in million SEK)

Characteristic Import value million SEK
Norway 132,385
Denmark 93,056
China 71,556
Poland 64,771