What is the major import and export of Sweden?

In the long-term, the Sweden Imports is projected to trend around 134500.00 SEK million in 2022 and 136800.00 SEK million in 2023, according to our econometric models. Sweden imports mainly machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing.

Besides, What are Sweden’s biggest imports and exports?

Automobile and medicine were among Sweden’s top exports (7.4% and 5% respectively), followed by petroleum products and telecommunication devices. Automobile and petroleum products were also among Sweden’s top imports (5.4% and 5.1% respectively).

Keeping this in mind, 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).

What is Sweden famous for producing?

Sweden is a major world exporter of forest products. Timber is transported via a dense road and rail network. Sawmills and pulp and paper factories process the forest products. Swedish manufacturers produce a variety of wood products, including paper, boards, and prefabricated houses and furniture.

Who does Sweden export to the most?

The biggest trading partner for exporting goods from Sweden in 2019 was Norway with a total export value of roughly 163 billion Swedish kronor. The second most goods were exported to Germany, reaching over 159 billion kronor the same year.

What does Sweden buy from other countries?

Top 10

• Machinery including computers: US$20.5 billion (13.7% of total imports)
• Electrical machinery, equipment: $20.1 billion (13.4%)
• Vehicles: $16.7 billion (11.1%)
• Mineral fuels including oil: $11.7 billion (7.8%)
• Plastics, plastic articles: $5.6 billion (3.7%)
• Pharmaceuticals: $5.5 billion (3.6%)

What is Sweden’s biggest import?

Sweden’s Top 5 Commodity Imports

• Crude Petroleum – $8.7 billion.
• Refined Petroleum – $6.9 billion.
• Coated Flat-Rolled Iron – $877.5 million.
• Petroleum Gas – $844.7 million.
• Other Iron Products – $789.0 million.

What is Sweden famous for?

What Is Sweden Famous For?

• ABBA.
• Spotify.
• Swedish Design.
• IKEA.
• Pop Music.
• Swedish Meatballs.
• Roxette.
• Volvo & Saab.

What is Swedish famous for?

Sweden is famous for its abundant forests and lakes. It’s a nation of keen recyclers, hikers and Fika takers, and it’s the Pop Music Capital of the World. Sweden is also known for brands such as IKEA, Spotify and Volvo.

What are Swedish known for?

10 Cool Swedish Facts: What Is Sweden Known For?

• Sweden’s mastery of pop music. …
• Sweden’s gorgeous green spaces. …
• Swedish art in the Stockholm metro stations. …
• Swedish design. …
• Swedish coffee and food culture. …
• Sweden’s ICEHOTEL. …
• The hip district of Södermalm. …
• Swedish royalty.

What is the main source of income in Sweden?

In 2020, the Swedish government’s largest source of income, amounting approximately to 671 billion Swedish kronor, was from direct taxes from labor. The second largest source of income for the central government in Sweden was indirect taxes from labor, reaching 602 billion Swedish kronor.

What does US import from Sweden?

Trade Overview

The United States imported $12.5 billion worth of Swedish goods in 2020. The key imported goods from Sweden into the US were transportation equipment, chemicals, non-electrical machinery totaling over $2 billion each followed by computer and electronic products at $814 million.

What does Sweden trade with other countries?

Among the imported foodstuffs are coffee, tea, fruit, and fish. Chemicals and textiles are other groups of imported goods. Germany is the main supplier of Sweden’s imports, followed by the Netherlands, Norway, Denmark, the United Kingdom, and Finland.

What products are imported and exported from Sweden?

Top 10 Export Goods

Where does Sweden buy oil from?

Russia remains one of Sweden’s major oil suppliers, agency says.

What does the UK export to Sweden?

Top UK exports to Sweden include: electrical and communications products. machinery and transport equipment. manufactured goods.

How important is foreign trade to Sweden?

Foreign Trade in Figures. Swedish economy is very open to foreign trade, which represented 90.5% of its GDP in 2019 (World Bank). Automobile and medicine were among Sweden’s top exports (7.4% and 5% respectively), followed by petroleum products and telecommunication devices.

What does the US export to Sweden?

Major categories of U.S. exports to Sweden include aerospace/defense, automotive aftermarket, telecommunications equipment, healthcare/life sciences, information technologies, safety/security, clean-tech, industrial machines, and renewable energy.

What are 5 interesting facts about Sweden?

What are 5 interesting facts about Sweden?

• Swedes have a whopping 480 paid parental days off.
• Sweden is the 4th largest country in Europe by land area.
• Same sex relationships have been legalised since 1944.
• Sweden is the 6th oldest country in Europe.
• North Korea has an unpaid 2.7 billion SEK debt to Sweden.

What is Sweden good for?

Here are just some of the pros of living in Sweden.

• #1 Free (Almost) Education. …
• #2 Excellent Workplace Environment. …
• #3 Crazy Fast Internet Service. …
• #4 Enjoy Skiing and Ice-Skating. …
• #5 Visit the Archipelago Whenever You Like. …
• #6 Likely Entertainment Scene. …
• #7 World-Class Cuisine. …
• #8 Extensive Healthcare Opportunities.

What is so great about Sweden?

With a comparatively high quality of life, strong infrastructure, and the best system of healthcare and education, a large number of people continue moving to Sweden. … The Swedish people can be proud of their country as Sweden has been voted the Best Country in the World by newest edition of the Good Country Index.

What is Sweden’s iconic?

It is the largest country in Northern Europe and is famous for the Northern Lights. The country attracts thousands of tourists each year from all over the world to view the spectacular lights and also be a part of the country’s other well-known activities.

Why are the Swedes so attractive?

They have a natural glow: As well as a nutrient-rich diet – including a lot of herring and other fish oils which help maintain glowing skin – the Swedish tend to have higher cheekbones, giving them natural contour and highlights.