Trade Trend

In 2023, Sweden's total export value is 197.91Billion USD, total import value is 192.75Billion USD, Surplus is 5.17Billion USD, and foreign trade dependency is 0.658. In 2023，Sweden's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(15.51Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(10.53Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(7.29Billion USD), top export destinations are Germany(20.32Billion USD), Norway(18.74Billion USD), United States(17.09Billion USD). In 2023, Sweden's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(11.53Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(11.24Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(7.44Billion USD), top import origins are Germany(32.10Billion USD), Netherlands(20.88Billion USD), Norway(20.09Billion USD).

Comparing to 2022, Sweden's total export value increased 177.97Million USD(0.09%) in 2023, this could result from its export increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(3.25Billion USD or 26.56%), Copper; unrefined, copper anodes for electrolytic refining(1.32Billion USD or 16.81Million%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(791.75Million USD or 15.79%) and export increases to countries/economics such as Netherlands(1.12Billion USD or 11.84%), Canada(983.83Million USD or 69.15%), Belgium(978.95Million USD or 13.69%). Comparing to 2022, Sweden's total import value decreased -10.34Billion USD(-5.09%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-3.82Billion USD or -25.36%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.65Billion USD or -18.13%), Petroleum gases and other gaseous hydrocarbons(-648.37Million USD or -34.03%), and its import decreases from countries/economies such as Norway(-4.04Billion USD or -16.75%), China(-3.63Billion USD or -25.87%), United Kingdom(-1.36Billion USD or -18.07%).

Cumulated to first 7 months of 2024, Sweden's total export value is 71.85Billion USD, total import value is 66.52Billion USD, and tradesurplus is 5.33Billion USD. Cumulated to first 7 months of 2024, Sweden's top export products are Commodities not specified according to kind(9.18Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(5.60Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.03Billion USD), and top export destinations are None(9.15Billion USD), United States(7.65Billion USD), Norway(7.24Billion USD). Cumulated to first 7 months of 2024, Sweden's top import products are Commodities not specified according to kind(9.18Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(5.60Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.03Billion USD), and top import origins areNone(10.80Billion USD), Germany(7.78Billion USD), Norway(7.26Billion USD).