Sweden - Foreign trade





The volume of Sweden's foreign trade has increased very rapidly since World War II, mainly as a result of the gradual liberalization of trade restrictions within the framework of OECD, EFTA, and the EU. Telecommunications equipment, automobile manufacturing, and logging, dominate export commodities from Sweden. The top eight exports are as follows:

Sweden

% OF COUNTRY TOTAL
Telecommunications
equipment 15.5
Paper 8.7
Medicinal and
pharmaceutical products
5.0
Iron and steel 4.9
Motor vehicle parts and accessories 4.3
Refined petroleum products 2.6
Cars 2.4
Engines 1.5

In 2000 Sweden's imports were distributed among the following categories:

Sweden

Consumer goods 15.0%
Food 5.7%
Fuels 8.9%
Industrial supplies 22.9%
Machinery 29.0%
Transportation 12.2%
Other 6.3%

Principal trading partners in 2000 (in millions of US dollars) were as follows:

Sweden

COUNTRY EXPORTS IMPORTS BALANCE
Germany 7,896 11,931 -4,035
United Kingdom 6,751 6,586 165
Norway 6,206 5,870 336
Denmark 4,602 5,102 -500
United States 6,638 4,855 1,783
Netherlands 3,570 4,848 -1,278
France 4,315 4,068 247
Finland 4,818 3,525 1,293
Italy 2,844 2,338 506
Belgium 2,825 2,261 564

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