Best answer: What does the US buy from Sweden?

The United States imported $12.5 billion worth of Swedish goods in 2020. 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.

What does Sweden export to the United States?

The main products that Sweden exported to United States were Cars ($2.15B), Packaged Medicaments ($1.17B), and Gas Turbines ($414M). During the last 24 years the exports of Sweden to United States have increased at an annualized rate of 2.86%, from $6.35B in 1995 to $12.5B in 2019.

What is the main export of Sweden?

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.

Why is Sweden important to the US?

U.S.-SWEDEN RELATIONS

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.

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What are the main imports of 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.

Does Sweden have a stock market?

The Stockholm Stock Exchange (STO) is a trading exchange for the Swedish securities market. Sweden’s 30 most-traded stocks make up the Stockholm Stock Exchange’s primary benchmark index, the market-value-weighted OMX Stockholm 30.

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

What economy does Sweden have?

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).

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.

What product is Sweden known for?

What Is Sweden Famous For?

  • ABBA.
  • Spotify.
  • Swedish Design.
  • IKEA.
  • Pop Music.
  • Swedish Meatballs.
  • Roxette.
  • Volvo & Saab.

Who is Sweden’s enemy?

Brandenburg and Russia, together with such older states as Denmark and Poland, were natural enemies of Sweden.

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Is Sweden an American ally?

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.

Is there a minimum wage in Sweden?

Just like some other highly developed European nations, Sweden does not have an official minimum salary. Minimum salaries are generally negotiated through workers’ unions. As a reference, the salary for a McDondald’s cashier is hovering around 101 to 125 Swedish Krona, or roughly 15 USD per hour.

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.

What food does Sweden export?

Imports and exports of agricultural products and foodstuffs

SITC 2019
00 Live animals 316
01 Meat and meat preparations 2 425
02 Dairy products and birds’ eggs 3 954
03 Fish, crustaceans, molluscs etc. 42 986