Table of Contents
What are the top 3 Exports of Sweden?
Searchable List of Sweden’s Most Valuable Export Products
| Rank | Sweden’s Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Cars | $11,489,708,000 |
| 2 | Medication mixes in dosage | $8,983,276,000 |
| 3 | Processed petroleum oils | $5,504,298,000 |
| 4 | Phone system devices including smartphones | $4,979,767,000 |
What do we import from Sweden?
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.
Who does Sweden export to the most?
Norway
The biggest trading partner for exporting goods from Sweden in 2020 was Norway with a total export value of roughly 152.2 billion Swedish kronor. The second most goods were exported to Germany, reaching over 151 billion kronor the same year.
What is the main source of income in Sweden?
The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade….Economy of Sweden.
| Statistics | |
|---|---|
| Inflation (CPI) | 0.8% (2020 est.) 1.6% (2019) 2.0% (2018) |
What are the top 3 Imports of Sweden?
The most recent imports of Sweden are led by Cars ($8.75B), Crude Petroleum ($6.93B), Refined Petroleum ($6.32B), Vehicle Parts ($5.77B), and Broadcasting Equipment ($4.87B). The most common import partners for Sweden are Germany ($27.2B), Netherlands ($13.1B), Denmark ($10.3B), Norway ($10.1B), and China ($8.4B).
How much does Sweden export?
Economy of Sweden
| Statistics | |
|---|---|
| Ease-of-doing-business rank | 10th (very easy, 2020) |
| External | |
| Exports | $169.7 billion (2017) |
| Export goods | machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals, military armaments |
Where does Sweden get its money from?
The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade.
What makes Sweden unique?
This Scandinavian country has so much green space! That’s thanks to Sweden being one of the largest countries in the European Union, with a small population of 10 million residents. Sweden offers sparse population density, extensive forest coverage, over 90,000 lakes and over 3,000 kilometres of sea coastline.
What are Swedens major exports and imports?
The top exports of Sweden are Cars ($8.87B), Refined Petroleum ($7.86B), Packaged Medicaments ($6.12B), Vehicle Parts ($5.48B) and Delivery Trucks ($3.24B), using the 1992 revision of the HS ( Harmonized System ) classification. Its top imports are Cars ($9.2B), Crude Petroleum ($7B), Vehicle Parts ($6.24B),…
What does Sweden import and export?
The major imports of Sweden are comprised of machinery and automobiles, petroleum , textile fibers and foodstuff. On the other hand, its major exports are machinery and automobiles, wood pulp, paper and wood and iron ore.
What are the trade barriers in Sweden?
Tariffs and non-tariff barriers. Tariffs. Sweden is part of the harmonised trade system of the EU and importing and exporting are covered by the EU Taxation and Customs Union. A Common External Tariff (CET) is applicable to other countries, including Australia.
What are the products of Sweden?
Cloudberry Preserve – Cloudberries – one of the most sought-after berries in Sweden – grow in the wild and are hard to cultivate, but quite easy to find in Pepparkakor (Ginger Biscuits) – Swedish Thins (“Pepparkakor” in Swedish) are known all over the world for their delicate crispness. Swedish Candies – Candies are the best of all the souvenirs from Sweden, the country known for making some of the best and most delicious sweets in the world,