Imports

In 2022, Sweden imported $202.2 billion worth of products from around the world. From 2021 to 2022, the dollar value of Sweden's imported products increases by 8.1% from $187.1 billion.

Sweden's Partner Countries

From a continental perspective, 80.5% of Sweden's total imports (by value) are purchased from other European countries. Asian trading partners supply another 13.2% of Sweden's imports.

Smaller proportions came from North America (3.9%), Africa (1.2%), Latin America (0.8%) (excluding Mexico but including the Caribbean) and then Oceania (0.4%), led by Australia.

Sweden's Top 10 Imports

1. Mineral fuels including oil: $28.4 billion (14% of total imports)

2. Machinery including computers: $24.8 billion (12.3%)

3. Electrical machinery and equipment: $24.1 billion (11.9%)

4. Vehicles: $19.9 billion (9.8%)

5. Plastics, plastic products: $7.3 billion (3.6%)

6. Steel: $6.7 billion (3.3%)

7. Pharmaceuticals: $6.4 billion (3.2%)

8. Fish: $5.8 billion (2.9%)

9. Iron and steel products: $5.4 billion (2.7%)

10. Optical, technical, medical devices: $5.2 billion (2.5%)

Sweden's top 10 imports accounted for about two-thirds (66.2%) of the total value of its purchases from other countries.

Double-digit growers in Sweden's major import categories were mineral fuels, including petroleum (up 55.6 % from 2021), iron and steel products (up 19.5 %), iron and steel metal (up 15.5 %), and imported fish (up 11.2 %). The smallest year-on-year increase was a 2.4% increase in Swedish spending on imported automobiles.

On a more detailed four-digit HS code, Sweden's most valuable imports were crude oil (7.4 % of Sweden's total imports), automobiles (4.8 %), processed petroleum (4.4 %), telephony equipment including smartphones (3.4 %), and automotive parts or accessories (2.9 %).

Exports

Sweden shipped $197.8 billion worth of products to the world in 2022, a 4.2% increase in total exports from $189.8 billion in 2021.

Sweden's five most valuable exports are processed petroleum, automobiles, dose-mixing drugs. blood components (including antisera) and telephone equipment (including smartphones).

Largest Trading Partners Buy Swedish Exports

The latest country-specific data show that Swedish exports are mainly purchased by importers in Norway (10.7% of Sweden's total), Germany (10%), the USA (8.9%), Denmark (7.5%). %), Finland (7.3 %), the United Kingdom (5.4 %), the Netherlands (4.8 %), Poland (4 %), France (3.9 %), Belgium (3.6 %), mainland China (3.5 %) and Italy (3 %).

Sweden's Top 10 Exports

1. Machinery including computers: $27.5 billion (13.9 % of total exports)

2. Vehicles: US$24.3 billion (12.3 %)

3. Mineral fuels including oil: $21.5 billion (10.9%)

4. Electrical machinery and equipment: $16.8 billion (8.5%)

5. Pharmaceuticals: $13.3 billion (6.7%)

6. paper, paper products: $9.9 billion (5%)

7. Steel: $9.1 billion (4.6%)

8. Plastics, plastic products: $7 billion (3.6%)

9. Wood: $6.2 billion (3.2%)

10. Fish: $5.2 billion (2.6%)

Sweden's top ten exports account for more than two-thirds (71.2%) of the value of its global exports.

Fossil fuels, including oil, are the fastest growing of the top ten export categories, growing by 63% from 2021 to 2022. The second highest improvement in export sales is for pharmaceuticals, up 18.5 %. Swedish shipments of metal steel ranked third in terms of increase, up 12.2 %.

The biggest drop in Sweden's top 10 export categories was wood, down -5.3% year-on-year.

On a more detailed four-digit HS code, Sweden's most valuable exports are:

1. processed petroleum (9.16%, $13.01 Billion)

2. automobiles (8.47%, $12.03 Billion)

3. drug mixing doses (5.47%, $7.77 Billion)

4. blood components (including antisera) (3.53%, $5.01 Billion)

5. telephone equipment, including smartphones (3.5%, $4.97 Billion)

6.Sawmill (3.44%, $4.88 Billion)

7. automotive parts/accessories (3.34%, $4.75 Billion)

8. Electricity (3.32%, $4.71 Billion)

9.Whole Fish (Fresh) (2.82%, $4 Billion)

10.Iron ore, concentrate (2.61%, $3.71 Billion)

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