Suècia: Visió econòmica i política
The Swedish economy is very open to foreign trade, which represents 103% of its GDP (World Bank – latest data available). According to the latest data by Statistics Sweden, the country mainly exports machinery and transport equipment (43.8%, mostly road vehicles and industrial machinery), chemicals and rubber products (15%), minerals (10.8%), and wood and paper products (8.9%); whereas imports are led by machinery and transport equipment (44.4%, especially electronics and telecommunication items, at 15.9%), chemicals and rubber products (12.8%), mineral fuels (11.2%), and food, beverage and tobacco (11.2%).
Norway and Germany were the top destinations for Swedish exports in 2022 (10.8% and 10.2%, respectively), ahead of the U.S. (9.2%), Denmark (7.5%) and Finland (7.3%). Germany remained the largest supplier of goods to Sweden (15.3%), followed by Norway (12.4%), the Netherlands (10.7%), Denmark (6.4%), and China (5.9%). 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 54% of exports and 63.3% of imports (data Statistics Sweden).
Sweden has a structurally positive trade balance: in 2022, the country recorded a trade surplus accounting for nearly 2.9% of its GDP (from 4.7% one year earlier - World Bank). In the same year, exports of goods stood at USD 197.8 billion (marking a 4.3% increase year-on-year), against USD 202.1 billion in imports (+8% y-o-y). As for services, exports grew by 16% (at USD 94.6 billion) with imports increasing at a faster pace (+20.3%), totalling USD 98.1 billion. According to provisional data from Statistics Sweden, in the period January–October 2023, the value of Swedish exports of goods amounted to SEK 1,747 billion, an increase of 6% vis-à-vis 2022. At the same time, the value of imports of goods increased by 2% and amounted to SEK 1,712 billion. Therefore, net trade recorded a surplus of SEK 35 billion against a surplus of SEK 37.4 billion recorded in the same period one year earlier.
Foreign Trade Values | 2019 | 2020 | 2021 | 2022 | 2023 |
Imports of Goods (million USD) | 158,971 | 149,985 | 187,108 | 202,171 | 193,016 |
Exports of Goods (million USD) | 160,576 | 155,496 | 189,524 | 197,867 | 197,860 |
Imports of Services (million USD) | 74,946 | 68,458 | 90,057 | 104,881 | 112,819 |
Exports of Services (million USD) | 77,909 | 68,878 | 88,677 | 94,404 | 104,353 |
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 | 2024 (e) | 2025 (e) | 2026 (e) | 2027 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 3.1 | 1.4 | 2.7 | 3.6 | 2.8 |
Volume of imports of goods and services (Annual % change) | 1.0 | 1.3 | 2.6 | 2.5 | 2.6 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2023 |
Germany | 10.3% |
Norway | 9.2% |
United States | 8.6% |
Denmark | 7.0% |
Finland | 6.9% |
Netherlands | 5.4% |
United Kingdom | 5.3% |
France | 4.4% |
Belgium | 4.3% |
Poland | 3.8% |
China | 3.6% |
Spain | 2.2% |
Canada | 1.2% |
Türkiye | 1.1% |
Austria | 1.1% |
Japan | 1.0% |
South Korea | 1.0% |
Switzerland | 0.9% |
Estonia | 0.9% |
Czech Republic | 0.9% |
See More Countries | 58.0% |
Main Suppliers (% of Imports) |
2023 |
Germany | 16.7% |
Netherlands | 10.7% |
Norway | 10.3% |
Denmark | 6.4% |
China | 5.7% |
Belgium | 5.0% |
Finland | 4.6% |
Poland | 4.4% |
France | 3.7% |
United States | 3.7% |
United Kingdom | 3.2% |
Spain | 1.9% |
Czech Republic | 1.9% |
Ireland | 1.1% |
Austria | 1.1% |
Hungary | 1.0% |
Switzerland | 0.9% |
Estonia | 0.9% |
Türkiye | 0.8% |
Japan | 0.8% |
See More Countries | 50.2% |
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import-Export Flows.
89.2 bn USD of services exported in 2022 | |
29.54% | |
Miscellaneous business,...Miscellaneous business, professional, and technical services | 23.22% |
Research and developmentResearch and development | 6.32% |
Other business servicesOther business services | 0.76% |
23.18% | |
13.27% | |
10.13% | |
9.21% | |
8.24% | |
3.50% | |
1.29% | |
1.05% | |
0.59% |
99.3 bn USD of services imported in 2022 | |
36.64% | |
Miscellaneous business,...Miscellaneous business, professional, and technical services | 28.27% |
Research and developmentResearch and development | 8.37% |
Other business servicesOther business services | 5.29% |
15.11% | |
14.71% | |
13.84% | |
12.47% | |
2.93% | |
1.82% | |
1.40% | |
0.81% | |
0.26% |
Source: United Nations Statistics Division, 2024. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: September 2024
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