Sweden is the 31st largest export economy in the world and the 5th most complex economy. Sweden exported $143B, making it the 31st largest exporter in the world. Sweden imported $141B, making it the 30th largest importer in the world. Sweden’s primary export commodities include industrial machinery, automobiles, paper products, iron and steel products, pulp and wood, and chemicals.
Imports in Sweden decreased to 119600 SEK million in June from 129200 SEK million in May of 2019. Imports in Sweden averaged 37709.25 SEK million from 1960 until 2019, reaching an all time high of 144500 SEK million in October of 2018 and a record low of 1020 SEK million in July of 1960.
Imports in Sweden is expected to be 118100.00 SEK million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Sweden to stand at 123400.00 in 12 months time. In the long-term, the Sweden Imports is projected to trend around 129500.00 SEK million in 2020,
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.
Exports in Sweden decreased to 122500 SEK million in June from 137100 SEK million in May of 2019. Exports in Sweden averaged 41191.42 SEK million from 1960 until 2019, reaching an all time high of 137600 SEK million in November of 2018 and a record low of 970 SEK million in February of 1963.
Exports in Sweden is expected to be 117500.00 SEK million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Sweden to stand at 127800.00 in 12 months time. In the long-term, the Sweden Exports is projected to trend around 125500.00 SEK million in 2020.
Sweden is an export-oriented market economy. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden’s engineering sector accounts for 50% of output and exports. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Main export partners are Germany, United States and Norway.
