Understanding Swedish Imports Data in 2023| Tendata

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ten data blog22-11-2024

Sweden, known for its robust economy, innovative industries, and high standard of living, plays a crucial role in the global trade network. Its Swedish imports data provides valuable insights into the country's economic health, consumption patterns, and trade relationships. Understanding Swedish imports data is essential for businesses and investors looking to navigate the global marketplace.

  

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The Landscape of Swedish Imports Data

Sweden is one of the largest economies in Scandinavia and an active player in global trade. As a member of the European Union, Sweden has strong economic ties with its neighbors and the wider European bloc, as well as with countries in other regions. The country imports a wide range of goods, from machinery and vehicles to raw materials and consumer products.

  

Top Swedish Imports in 2023

  • HS Code 8703 (5.91%, $11.4 billion): Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars

  • HS Code 2709 (5.83%, $11.2 billion): Petroleum oils and oils obtained from bituminous minerals, crude

  • HS Code 2710 (3.85%, $7.44 billion): 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

  • HS Code 8517 (3.38%, $6.53 billion): Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones

  • HS Code 8708 (3.36%, $6.49 billion): Parts and accessories of the motor vehicles of headings 87.01 to 87.05

  • HS Code 8471 (2.63%, $5.07 billion): Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included

  • HS Code 0302 (2.25%, $4.36 billion): Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304

  • HS Code 3004 (1.7%, $3.28 billion): Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale

  • HS Code 3002 (1.42%, $2.74 billion): 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 micro-organisms (excluding yeasts) etc



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Top 10 trading partners of Sweden in 2023:

  • Germany: 16.6%, 32 billion US$

  • Netherlands: 10.7%, 20 billion US$

  • Norway: 10.3%, 19.9 billion US$

  • Denmark: 6.37%, 12.3 billion US$

  • China: 5.66%, 10.9 billion US$

  • Belgium: 5.03%, 9.71 billion US$

  • Finland 4.55%, 8.79 billion US$

  • Poland: 4.43%, 8.56 billion US$

  • France: 3.71%, 7.17 billion US$

  • USA: 3.69%, 7.13 billion US$


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Trends in Swedish Imports

  • Sustainability Focus: Sweden is prioritizing imports of renewable energy, electric vehicles, and sustainable raw materials to align with its environmental goals.

  • Tech and Digitalization: Driven by Industry 4.0, Sweden is importing more high-tech goods, including semiconductors, electronics, and software, to support its growing tech sector.

  • Shifting Trade Partners: While the EU remains Sweden's largest trade partner, imports from Asia, particularly China, Japan, and South Korea, are increasing, driven by demand for electronics and machinery.

  • Supply Chain Disruptions: Global supply chain disruptions, especially post-pandemic, have led to delays and rising costs, highlighting the need for more flexible supply chain management.

  • Healthcare Demand: Sweden's aging population and strong healthcare sector are increasing imports of medical devices, pharmaceuticals, and health-related products.

  

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Why Choose Tendata to Access Swedish Imports Data?

Tendata provides a user-friendly platform that offers in-depth insights into Sweden's import market and beyond.

  • Comprehensive Data Coverage: Tendata offers extensive import data from Sweden and other global markets, with granular details on product categories, trade partners, and historical trends.

  • Real-Time Updates: The platform provides up-to-the-minute data, ensuring businesses have access to the latest information to make timely, data-driven decisions.

  • Data Visualization Tools: Tendata's advanced visualization tools allow users to easily interpret complex data, with customizable charts, graphs, and reports.

  • Easy-to-Use Interface: Designed with both experts and newcomers in mind, Tendata's platform is intuitive, allowing users to quickly find and analyze the data that matters most to their business or research.

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