Suècia: Visió econòmica i política
The Swedish economy is very open to foreign trade, which represents 87% of its GDP (World Bank – latest data available). According to the latest data by Statistics Sweden, the country mainly exports machinery and transport equipment (42.8%), chemicals and rubber products (14.3%), minerals (11.5%), and wood and paper products (10.5%); whereas imports are led by
machinery and transport equipment (43.8%), electronics and telecommunication items (16%), chemicals and rubber products (12.9%), and food, beverage and tobacco (10.3%).
Norway and Germany were the top destinations for Swedish exports in 2021 (10.7% and 10.3%, respectively), ahead of the U.S. (8.1%), Denmark (7.7%) and Finland (7.1%). Germany remained the largest supplier of goods to Sweden (17%), followed by Norway (10.2%), the Netherlands (10%), and Denmark (6.9%). The European Union as a whole is Sweden's biggest trading partner and the country has a structural deficit from its trade with the EU, which accounted for 53.7% of exports and 66.6% of imports. Overall, Sweden’s exports of goods to the EU27 increased by 18% as imports rose by 16% (Statistics Sweden).
Sweden has a structurally positive trade balance: in 2021, the country recorded a trade surplus accounting for nearly 4.3% of its GDP (from 4.5% one year earlier - World Bank). In the same year, exports of goods stood at USD 189.7 billion (marking a 21.9% increase year-on-year), against USD 187.9 billion in imports (+24.7% y-o-y). As for services, imports grew by 17.3% (at USD 79.9 billion) with exports increasing at a similar pace (+14.5%), totalling USD 79 billion. According to provisional data from Statistics Sweden, in the period January–November 2022, the value of Swedish exports of goods amounted to SEK 1,827 billion, an increase of 24% vis-à-vis 2021. At the same time, the value of imports of goods increased by 29% and amounted to SEK 1,868 billion. Therefore, net trade recorded a deficit of SEK 41.5 billion against a surplus of SEK 24.8 billion recorded in the same period one year earlier.
Foreign Trade Values | 2018 | 2019 | 2020 | 2021 | 2022 |
Imports of Goods (million USD) | 170,605 | 158,971 | 149,985 | 187,108 | 202,162 |
Exports of Goods (million USD) | 165,968 | 160,576 | 155,496 | 189,524 | 197,841 |
Imports of Services (million USD) | 71,979 | 74,946 | 67,679 | 79,143 | 98,195 |
Exports of Services (million USD) | 73,583 | 77,909 | 70,617 | 81,603 | 94,649 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2018 | 2019 | 2020 | 2021 | 2022 |
Foreign Trade (in % of GDP) | 89.1 | 91.4 | 83.2 | 88.1 | 102.7 |
Trade Balance (million USD) | 11,156 | 20,710 | 21,663 | 27,114 | 20,429 |
Trade Balance (Including Service) (million USD) | 12,727 | 23,585 | 24,775 | 31,031 | 16,373 |
Imports of Goods and Services (Annual % Change) | 3.8 | 2.1 | -6.0 | 11.5 | 8.7 |
Exports of Goods and Services (Annual % Change) | 4.2 | 6.0 | -5.5 | 10.0 | 6.6 |
Imports of Goods and Services (in % of GDP) | 43.4 | 43.6 | 39.4 | 41.8 | 50.2 |
Exports of Goods and Services (in % of GDP) | 45.7 | 47.8 | 43.8 | 46.3 | 52.6 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2023 (e) | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 1.2 | 1.7 | 2.4 | 3.6 | 2.8 |
Volume of imports of goods and services (Annual % change) | 2.3 | 1.1 | 2.8 | 3.0 | 2.6 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2022 |
Norway | 10.7% |
Germany | 10.0% |
United States | 8.9% |
Denmark | 7.5% |
Finland | 7.3% |
See More Countries | 55.6% |
Main Suppliers (% of Imports) |
2022 |
Germany | 15.3% |
Norway | 11.7% |
Netherlands | 10.5% |
China | 7.0% |
Denmark | 6.4% |
See More Countries | 49.1% |
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import Export Flows.
Source: United Nations Statistics Division, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: November 2023