Sweden is a member of the European Union (EU) and is subject to EU trade regulatory requirements. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The depicted export value is only an indicator and does not correspond to … Certain export prohibitions have been implemented under the authority of the Export and Import Permits Act. Find out about the UK’s biggest food and drink exports in 2019 as Smylies take a look at the latest UK Exports review from the Food and Drink Federation. Contact. Swedish countryside The Kingdom of Sweden imported US$158.7 billion worth of goods from around the globe in 2019, up by 14.7% since 2015 but down by -6.7% from 2018 to 2019. Exports: are goods exiting the borders of Sweden that are traded with the rest of the world. Wiki User Answered . PNG; JPEG; Copy and paste the following code to your website: About. Sweden shipped US$166 billion worth of goods around the globe in 2018, up by 0.8% since 2014 and up by 8.4% from 2017 to 2018. In the Boliden area of Norrland a wide range of metals, including gold, copper, lead, and zinc, are mined. Before you export, it is also important to check whether the importing country has any regulations that apply to you as an exporter. Main export partners are Germany, United States and Norway. We … In 2019, oil liquids (crude, NGL and condensate) accounted for a significantly larger share of total export value compared to production of natural gas. But commodity groups have seen changes. Research and innovation are crucial to Sweden’s competitiveness and to rebooting the economy after the COVID-19 … Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labour-force. All statistical news for this statistic. Scatter. The following chart shows the distribution of Sweden’s export partners. The emphasis has shifted from export of raw materials and semimanufactured products (pulp, steel, sawn wood) to finished goods, dominated by engineering products (cars, telecommunications equipment, hydroelectric power plant equipment) and, increasingly, high technology and chemical- and biotechnology. Sweden's engineering sector accounts for 50% of output and exports. Publish your articles and forecasts in our website. 2020 : U.S. trade in goods with Sweden . Relationship with international guidelines: There are no differences in concept between the Swedish Foreign Trade statistics and EU basic regulation 3330/91 and EU regulation 1172/95. Sweden imported 8–10 TWh hydro power from Norway in 2006–2009 and exported some electricity back. Competitiveness and reboot for research, innovation and investments. In 2018, Sweden bought US$170.1 billion worth of imported products up by 4.8% since 2014 and up by 10.6% from 2017 to 2018. The government has been expanding its export base away from the traditionally European market, seeking to grow in Asia, South America, and the United States, but the bulk of Sweden’s exports still remains within the EU. Sweden's exports to Germany amounted to. Sweden is a constitutional monarchy and parliamentary democracy with a head of government - the prime minister - and a head of state - the monarch. The government has been expanding its export base away from the traditionally European market, seeking to grow in Asia, South America, and the United States, but the bulk of Sweden’s exports still remains within the EU. Table reflects only those months for which there was trade. Over 1,000 British companies are operating in Sweden, including well known compan… This statistic shows the main export partners of Sweden for wine in 2018, by export value. More information on doing business in Sweden The United States and Sweden’s two way trade for 2019 is $25.5 billon (including trade in goods and services). In 2017 Swedish exports of goods amounted to a total value of 58 billion SEK, a year-on-year increase of 27 percent. Country. More on what we do . Vattenfall had not made any official controls for six years in 2010. Press release from Anna Hallberg, Ministry for Foreign Affairs. Exports and investments are rapidly increasing, and the Swedish export market is expected to grow by 8% each year through 2013. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. The Trading Economics Application Programming Interface (API) provides direct access to our data. Wind power. How does Sweden make its money? Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. The total export value of crude oil, natural gas, NGL and condensate in 2019 was about NOK 424 billion (2020 NOK), or approximately half of the total value of Norway’s exports of goods. Export value of Norwegian petroleum, 1971-2019. Sweden was the world's sixth-largest export country of weapons and military technology in 2005, but went down to the eight place on the list in 2011. Ranking of the country (Sweden) at the global level is (from the highest to the lowest data) : 53 / 184 See the entire classification Sweden : 33 records since 1980 , the average of these recordings : 106 1000 Metric Ton The highest data : 2009 is the highest year for the indicator : Coal - Exports (1000 Metric Ton). The main export partners are Germany taking 11%, the United Kingdom taking 7.7%, the United States taking 6.4%, Netherlands taking 5.3%, Belgium taking 5.2%, Finland … Export controls and requirements, certificates and permits, excise taxes, sanctions and prohibited goods. Sweden applies the EU customs laws and coherent regulations, as well as common customs tariffs from the United States and other non-EU countries. The National Institute for Economic Research … Sweden's engineering sector accounts for 50% of output and exports. International research and development network Accessing industrial technologies, expertise, funding and markets in Europe and beyond through EUREKA. It’s not,” Hanage said. Plastics, plastic articles: $5.5 billion (3.4%) Fish: $4.4 billion (2.7%) Optical, technical, medical apparatus: $4.1 billion (2.6%) Sweden’s top 10 exports accounted for well over two-thirds (71.4%) of the overall value of its global shipments. Select. Answer. Between 2018 and 2019, chemicals/pharmaceuticals and steel have captured market share. Top Sweden Exports 2018. What is Sweden's imports and exports? Merchandise Trade statistics data for Sweden (SWE) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. What does Sweden export to the Federal Republic of Germany? This page provides forecast and historical data, charts, statistics, news and updates for Sweden Exports of Goods. Sweden is ranked as the 29 th largest export economy in the world. Details About Sweden’s Imports/Exports . Swedish company, Saab, makes more than 50 percent of the weapons the country exports. The copper, silver, and iron ore deposits of central Sweden either have been largely exhausted or are unprofitable to extract. The top imports of Sweden are Cars ($8.81B), Crude Petroleum ($8.75B), Refined Petroleum ($6.87B), Vehicle Parts ($6.42B), and Broadcasting Equipment ($5.17B). In 2008 Wind power was produced 2 TWh. Sweden Country Growth v/s World Growth v/s GDP Growth. The leading export goods are military armaments, paper products, iron and steel products, machinery, pulp and wood, chemicals, and motor vehicles. Main export partners are Germany, United States and Norway. Top Sweden Exports to the World. Direct access to our calendar releases and historical data. Sweden - Import Tariffs Sweden - Import Tariffs Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market. These findings are based on India Export database of infodriveindia and is based on shipping bills and bills of entry filed at Indian customs. Download historical data for 20 million indicators using your browser. Exports chevron-down. Log in. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Plastic plates, sheets, film, tape, strips, Hot-rolled iron or non-alloy steel products, Electrical/optical circuit boards, panels, Iron and steel screws, bolts, nuts, washers, Men's suits, trousers (not knit or crochet), Machinery including computers: US$25.8 billion (16% of total exports), Electrical machinery, equipment: $14.2 billion (8.9%), Mineral fuels including oil: $11 billion (6.8%), Plastics, plastic articles: $5.5 billion (3.4%), Optical, technical, medical apparatus: $4.1 billion (2.6%), Paper, paper items: US$7 billion (Down by -4.6% since 2018), Pharmaceuticals: $5.4 billion (Up by 32.5%), Machinery including computers: $4.5 billion (Up by 11.4%), Ores, slag, ash: $2.4 billion (Up by 2.3%), Gems, precious metals: $877.2 million (Up by 3.1%), Base metal tools, cutlery: $510.4 million (Down by -8.1%), Mineral fuels including oil: -US$5.7 billion (Down by -27.2% since 2018), Electrical machinery, equipment: -$5 billion (Up by 7.3%), Knit or crochet clothing, accessories: -$1.3 billion (Up by 2.7%), Clothing, accessories (not knit or crochet): -$1.3 billion (Up by 5.9%), Inorganic chemicals: -$1.1 billion (Down by -7%), Fruits, nuts: -$929.7 million (Down by -10.2%), Rubber, rubber articles: -$879.4 million (Down by -3.1%), Furniture, bedding, lighting, signs, prefabricated buildings: -$874.6 million (Up by 37.1%), Alfa Laval (miscellaneous industrial equipment), Assa Abloy (miscellaneous industrial equipment), Atlas Copco (miscellaneous industrial equipment), Hexagon (miscellaneous industrial equipment), Sandvik (miscellaneous industrial equipment), SKF Group (miscellaneous industrial equipment), Bulten Sweden (automotive parts, screws/bolts/nuts), First Cargo Sweden (automobiles, bicycles, rubber tires), Gelita Sweden (gelatin, salted/smoked meat, peptones/other proteins), Kendrion Hagalund (automotive parts, smoking tobacco, titanium dioxide pigments). Market profile. Timber, hydropower and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. More news Case. Global Export 2020: Stability prevails for Sweden's export market share. Exports of Goods for Sweden from Statistics Sweden for the Foreign Trade release. Machinery and Chemicals are the main two categories in terms of monetary value, with Industrial machinery being the largest single sector. The Swedish export reached a peak in 2007 with SEK 2073 million. Famous Swedish-produced weapons used worldwide are the AT4 anti-tank rifle, Bofors 40 mm auto cannon, Carl Gustav recoilless rifle and … “Sweden’s approach has been widely misrepresented as doing nothing. Traditionally a … The EU has signed a number of free trade agreements with various countries. By tonnage, the top three U.S. exports were (1) Oil, (2) Tall oil, or liquid rosin, and (3) Kaolin clays. Non-fillet Fresh Fish – $3.3 billion. Intra-EU trade accounts for 59% of Sweden’s exports (Germany 11%, Denmark and Finland both 7%), while outside the EU 10% go to Norway and 7% to the United States. Our Commercial Specialists assist U.S. companies with trade counseling, market intelligence, access to trade promotion opportunities, advocacy and facilitation of trade dispute resolution. Find more export advice and explore opportunities overseas on great.gov.uk. Does Sweden import or export any kind of goods? The huge state-owned iron ore deposits at Kiruna in Lappland were opened to export at the end of the 19th century. Sweden has one of the highest recycling rates in the world: in 2017, 99.5% of household waste was diverted from sanitary landfills and recycled in one way or another. Sweden is highly dependent on exports, is strongly pro-free trade, and has one of the most internationally integrated economies in the world. Trade Flow. Rössing Mine do not allow any visitors in the mine area and do not answer any questions concerning the employee health and safety and environmental protection. Welcome to U.S. Commercial Service Sweden . Sweden export overview. The reason is not that Swedish exports have decreased, but that the global arms trade has risen. The copper, silver, and iron ore deposits of central Sweden either have been largely exhausted or are unprofitable to extract. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Post was not sent - check your email addresses! Sweden services export is 74,425,960,958 in BoP, current US$ and services import is 72,734,673,551 in Bop, current US$.Sweden exports of goods and services as percentage of GDP is 45.79% and imports of goods and services as percentage of GDP is 43.29%. Furthermore, the Parliament of Canada has enacted legislation authorizing the imposition of trade and economic sanctions through the United Nations Act and the Special Economic Measures Act. Sweden's engineering sector accounts for 50% of output and exports. The economy of Sweden is a developed export-oriented economy aided by timber, hydropower, and iron ore. Export Prohibitions. So it sells goods and services as well as substantional resource export such as steel, wood and energy. Find out how UK companies can control risks when doing business in Sweden. Sweden in the EU European Parliament. Sweden: Browse through 99 potential providers in the imports & exports industry on Europages, a worldwide B2B sourcing platform. Based on the average exchange rate for 2019, the Swedish krona depreciated by -12.1% against the US dollar since 2015 and dropped by -8.8% from 2018 to 2019. What does Sweden import to Canada? Sweden; Turkey; United Kingdom; United States; Ukraine; D.3. Exports to Destination Imports from Origin Exports by Product Imports by Product Trade Balance. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Resources include specfic information on: Press release October 26, 2020 SEK financing solar power in Angola. NKT. 13 14 15. After this investments phase in the telecommunications sector the export have now decreased to SEK 293 million for 2017. 1. The huge state-owned iron ore deposits at Kiruna in Lappland were opened to export at the end of the 19th century. Sweden is well endowed with mineral resources. Sweden is a strong economy with an average unemployment rate for persons of working age at almost 8%. Sweden Trade Last Previous Highest Lowest Unit; Balance of Trade 4700.00: 3500.00: 21900.00-10500.00: SEK million: Current Account Top export destinations of Sweden are Germany ($17.4 billion), Norway ($15.2 billion), Denmark ($11.2 billion), the United States ($11.1 billion), and the Netherlands ($9.4 billion). It ranks 22nd in the world for Gross Domestic Product (GDP) and according to data from the International Monetary Fund (IMF), it is ranked seventh for GDP per capita . You may submit the declaration yourself, or use an authorised representative. 2014-06-09 17:44:37 2014-06-09 17:44:37. Infodriveindia presents detailed analysis of India Exports to Sweden with detailed break up at major hs codes, products and ports. Export opportunities and advice. Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labour-force. Sorry, your blog cannot share posts by email. Vehicle Parts – $5.6 billion. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron, and steel. Sweden is a wealthy, prosperous and developed country. Sweden’s share of the global export market for goods remains stable at around 1.1 per cent for the fourth consecutive year. Sweden's engineering sector accounts for 50% of output and exports. Before exporting goods, you must submit an export declaration to Swedish Customs. Swedish exports of military equipment came to a total of 11.3 billion kronor ($1.38 billion) in 2017, up 2 percent from the year before, a new report from the Swedish Inspectorate of Strategic Products (ISP) shows. Swedish Export Credit Corporation is a state-owned company that finances Swedish exporters, their subsidiaries, and foreign customers. Business Sweden is an organisation jointly owned by the State and business sector that supports and promotes Swedish exports and investments in Sweden. Sweden is a unitary state, divided into 20 counties and 290 municipalities.Location on the EU map Of course we have to mention Blonds and Ikea if we want to stick to the stereotypes and not mention Ericsson, Saab, Volvo, Nordea, Skandia, H&M, Electrolux and lots of other Swedish firms you may have heard of Exports to China constitute 4,5 percent of all Swedish exports, which makes China Sweden's eight largest export market. Swedish Household Consumption Softens in October, Swedish Inflation Rate Slows to 6-Month Low, Swedish Services Growth Highest in 2 Years, Sweden Factory Growth Strongest since 2017, Swedish Retail Trade Growth Beats Forecast, Swedish Consumer Morale Deteriorates in November, Sweden Producer Prices Fall More than Expected, Riksbank Holds Rates, Extends Asset Purchases, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. Machinery and equipment is the biggest category of goods, accounting for 33 percent of exports. Machinery: $1.9 billion 3. Tables and graphs. News . This peak was largely a result of an up- scaling of the telecommunications sector and exports to provide equipment to this end. Sweden exports for … NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. Exports, imports and net trade balance, October 2020, in current prices 2020-11-27 In October 2020, Swedish exports of goods amounted to SEK 128.1 billion, while imports of goods amounted to SEK 123.4 billion. List of top products exported by Sweden with full list of export and import partner countries of Sweden. Sweden is well endowed with mineral resources. Top Sweden Imports 2018. It is a member of the European Union (EU) is ranked as the twenty-second in the world for Gross Domestic Product (GDP) and the IMF rank it as seventh for GDP per capita with the average unemployment rate for the working population age is. Top 10 Swedish Exports to Germany. Year. So it sells goods and services as well as substantional resource export such as steel, wood and energy. Vehicles: $2.3 billion 2. But commodity groups have seen changes. 1960-2020 Data | 2021-2022 Forecast | Historical | Chart | News. 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