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Sweden
(information)
Population as of 2020: 10.4 million 87 of 193
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Region: Scandinavia
Nominal G.D.P. in 2024: $610 billion 24 of 193
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Top Exports
Sweden exported roughly **$190–200 billion in goods in 2024**, with a highly advanced, **manufacturing- and technology-driven export structure** focused on **vehicles, machinery, pharmaceuticals, and industrial equipment**. | Rank | Export Category | Notes | | ---- | -------------------------------------- | -------------------------------------- | | 1 | **Vehicles (cars, trucks, parts)** | Largest sector; Volvo, Scania. | | 2 | **Machinery (industrial equipment)** | Engines, turbines, industrial systems. | | 3 | **Electrical machinery & electronics** | Telecom equipment, components. | | 4 | **Pharmaceuticals** | Strong and growing sector. | | 5 | **Chemicals (organic & inorganic)** | Industrial chemicals and materials. | | 6 | **Paper & pulp** | Sweden is a major forestry exporter. | | 7 | **Iron & steel products** | High-quality specialty steel. | | 8 | **Plastics & plastic articles** | Industrial materials. | | 9 | **Wood & wood products** | Timber and processed wood. | | 10 | **Optical & precision instruments** | Medical and industrial devices. | Key individual export products (by value) | Rank | Product | Estimated Value (USD) | | ---- | --------------------------------- | --------------------- | | 11 | **Passenger vehicles** | ~$30–40 billion | | 12 | **Trucks & heavy vehicles** | ~$20–30 billion | | 13 | **Industrial machinery** | ~$20–30 billion | | 14 | **Telecommunications equipment** | ~$15–25 billion | | 15 | **Medicaments (pharmaceuticals)** | ~$15–25 billion | | 16 | **Paper & pulp products** | ~$10–20 billion | | 17 | **Iron & steel products** | ~$10–20 billion | | 18 | **Wood products** | ~$10–15 billion | | 19 | **Electrical equipment** | ~$10–20 billion | | 20 | **Chemical products** | ~$10–20 billion | Key Takeaways * **Automotive strength:** Vehicles (cars and trucks) are Sweden’s **largest export sector**. * **Industrial powerhouse:** Strong in **machinery, engineering, and heavy equipment**. * **Tech & telecom:** Home to major firms like Ericsson, exporting **telecom equipment**. * **Forestry exports:** Significant exports of **paper, pulp, and wood products**. Top Importers of Sweden’s Exports (2024) | Rank | Country | Notes | | ---- | ------------------ | ----------------------------------------------------------- | | 1 | **Norway** | Largest partner; vehicles, machinery, energy-related goods. | | 2 | **Germany** | Machinery, vehicles, and industrial equipment. | | 3 | **United States** | Vehicles, pharmaceuticals, and machinery. | | 4 | **Denmark** | Regional trade; machinery and consumer goods. | | 5 | **Finland** | Close integration; industrial goods and energy. | | 6 | **Netherlands** | Logistics hub; re-exports across Europe. | | 7 | **United Kingdom** | Vehicles, pharmaceuticals, and machinery. | | 8 | **France** | Industrial goods, vehicles, and chemicals. | | 9 | **Poland** | Growing partner; machinery and industrial goods. | | 10 | **China** | Vehicles, machinery, and industrial products. | Key Patterns * **Nordic + EU focus**: * Strong trade with **neighboring Nordic countries** and major EU economies. * **Germany is key**: * A central partner for **industrial supply chains**. * **Global reach**: * The **U.S. and China** are major non-European markets. * **Supply chain integration**: * Sweden exports **high-value industrial goods and vehicles** within European networks.
