Sweden’s Top 10 Exports 2019


by Flagpictures.org

A Scandinavian nation in Northern Europe surrounded by Norway to its west, Finland to its east and linked to Denmark through a tunnel that connects its southwest to Denmark, the Kingdom of Sweden shipped US$160.5 billion value of products across the globe in 2019. That greenback quantity displays a 14.7% enhance since 2015 however a -3.2% downtick from 2018 to 2019.

Based mostly on the common change price for 2019, the Swedish krona depreciated by -12.1% in opposition to the US greenback since 2015 and declined by -8.8% from 2018 to 2019. Sweden’s weaker native foreign money makes its exports paid for in stronger US {dollars} comparatively cheaper for worldwide patrons.

The most recent obtainable country-specific knowledge exhibits that 71.4% of merchandise exported from Sweden have been purchased by importers in: Norway (10.6% of the worldwide complete), Germany (10.3%), United States (7.6%), Finland (7%), Denmark (6.9%), United Kingdom (5.3%), Netherlands (5.2%), China (4.7%), France (4%), Belgium (3.9%), Poland (3.2%) and Italy (2.7%).

From a continental perspective, 70.3% of Sweden’s exports by worth have been delivered to European nations whereas 13.2% have been offered to importers in Asia. Sweden shipped one other 8.8% value of products to North America. Smaller percentages went to Africa (1.8%), Latin America excluding Mexico however together with the Caribbean (1.5%) then Oceania led by Australia (1.2%).

Given Sweden’s inhabitants of 10.Three million individuals, its complete $160.5 billion in 2019 exports interprets to roughly $15,600 for each resident within the north European nation.

High 10

The next export product teams characterize the best greenback worth in Swedish world shipments throughout 2019. Additionally proven is the proportion share every export class represents when it comes to general exports from Sweden.

  1. Equipment together with computer systems: US$25.Eight billion (16% of complete exports)
  2. Automobiles: $24 billion (14.9%)
  3. Electrical equipment, gear: $14.2 billion (8.9%)
  4. Mineral fuels together with oil: $11 billion (6.8%)
  5. Prescription drugs: $10.Three billion (6.4%)
  6. Paper, paper gadgets: $8.6 billion (5.4%)
  7. Iron, metal: $6.7 billion (4.2%)
  8. Plastics, plastic articles: $5.5 billion (3.4%)
  9. Fish: $4.Four billion (2.7%)
  10. Optical, technical, medical equipment: $4.1 billion (2.6%)

Sweden’s prime 10 exports accounted for properly over two-thirds (71.4%) of the general worth of its world shipments.

Prescription drugs was the quickest grower among the many prime 10 export classes, up by 18.8% from 2018 to 2019. In second place for enhancing export gross sales was the optical, technical and medical equipment class through a 2.6% achieve. Sweden’s shipments of automobiles posted the third-fastest achieve in worth up by 1.6%.

The main decliner amongst Sweden’s prime 10 export classes was mineral fuels together with oil because of a -11.1% drop, weighed down by Sweden’s diminishing worldwide gross sales of crude oil 12 months over 12 months.

Word that the outcomes listed above are on the categorized two-digit Harmonized Tariff System (HTS) code stage. For a extra granular view of exported items on the four-digit HTS code stage, see the part Searchable Listing of Sweden’s Most Precious Export Merchandise under.

Benefits

Total Sweden generated a $1.9 billion commerce surplus for 2019, reversing the -$4.2 billion in purple ink one 12 months earlier.

The next sorts of Swedish product shipments characterize optimistic web exports or a commerce steadiness surplus. Investopedia defines web exports as the worth of a rustic’s complete exports minus the worth of its complete imports.

In a nutshell, web exports characterize the quantity by which international spending on a house nation’s items or providers exceeds or lags the house nation’s spending on international items or providers.

  1. Paper, paper gadgets: US$7 billion (Down by -4.6% since 2018)
  2. Prescription drugs: $5.Four billion (Up by 32.5%)
  3. Automobiles: $5.Three billion (Up by 21.4%)
  4. Equipment together with computer systems: $4.5 billion (Up by 11.4%)
  5. Ores, slag, ash: $2.Four billion (Up by 2.3%)
  6. Woodpulp: $2.Three billion (Down by -2.1%)
  7. Iron, metal: $2.1 billion (Up by 11.3%)
  8. Wooden: $1.7 billion (Down by -7.6%)
  9. Gems, treasured metals: $877.2 million (Up by 3.1%)
  10. Base steel instruments, cutlery: $510.Four million (Down by -8.1%)

Sweden has extremely optimistic web exports within the worldwide commerce of pulp and paper. In flip, these cashflows point out Sweden’s sturdy aggressive benefits below the paper and associated merchandise class.

Alternatives

Beneath are exports from Sweden that lead to adverse web exports or product commerce steadiness deficits. These adverse web exports reveal product classes the place international spending on dwelling nation Sweden’s items path Swedish importer spending on international merchandise.

  1. Mineral fuels together with oil: -US$5.7 billion (Down by -27.2% since 2018)
  2. Electrical equipment, gear: -$5 billion (Up by 7.3%)
  3. Knit or crochet clothes, equipment: -$1.Three billion (Up by 2.7%)
  4. Clothes, equipment (not knit or crochet): -$1.Three billion (Up by 5.9%)
  5. Inorganic chemical compounds: -$1.1 billion (Down by -7%)
  6. Fruits, nuts: -$929.7 million (Down by -10.2%)
  7. Meat: -$921 million (Up by 1.2%)
  8. Rubber, rubber articles: -$879.Four million (Down by -3.1%)
  9. Furnishings, bedding, lighting, indicators, prefabricated buildings: -$874.6 million (Up by 37.1%)
  10. Footwear: -$821.7 million (Up by 9.3%)

Sweden has extremely adverse web exports and due to this fact deep worldwide commerce deficits for crude oil, coal and petroleum gases below the mineral fuels together with oil class.

These cashflow deficiencies clearly point out Sweden’s aggressive disadvantages within the worldwide mineral fuels market, but additionally characterize key alternatives for Sweden to enhance its place within the world economic system by centered improvements particularly in various vitality sources.

Corporations

Twenty-six companies rank amongst Forbes International 2000. Beneath is a pattern of the main Swedish firms that Forbes included:

  • Alfa Laval (miscellaneous industrial gear)
  • Assa Abloy (miscellaneous industrial gear)
  • Atlas Copco (miscellaneous industrial gear)
  • Autoliv (automotive elements)
  • Electrolux Group (family home equipment)
  • Ericsson (communications gear)
  • Hexagon (miscellaneous industrial gear)
  • Sandvik (miscellaneous industrial gear)
  • SCA (family, private care)
  • SKF Group (miscellaneous industrial gear)
  • Volvo Group (heavy gear)
  • In accordance with world commerce intelligence agency Zepol, the next smaller exporters from Sweden:

    • Bulten Sweden (automotive elements, screws/bolts/nuts)
    • First Cargo Sweden (cars, bicycles, rubber tires)
    • Gelita Sweden (gelatin, salted/smoked meat, peptones/different proteins)
    • Kappahl (textile footwear, clothes)
    • Kendrion Hagalund (automotive elements, smoking tobacco, titanium dioxide pigments)

     

    Searchable Listing of Sweden’s Most Precious Export Merchandise

    The next searchable desk shows 100 of essentially the most in-demand items shipped from Sweden throughout 2019. Proven beside every product label is its complete export worth then the proportion enhance or lower since 2018.

    Rank Sweden’s Export Product 2019 Worth (US$) Change
    1 Vehicles $11,856,734,000 +2.1%
    2 Medicine mixes in dosage $8,043,614,000 +20.2%
    3 Processed petroleum oils $7,942,033,000 -20.8%
    4 Vehicle elements/equipment $5,207,916,000 -6.6%
    5 Cellphone system gadgets $4,618,030,000 +2.9%
    6 Complete fish (contemporary) $3,464,618,000 -8.7%
    7 Sawn wooden $3,025,975,000 -7.3%
    8 Coated paper $2,845,844,000 -2.9%
    9 Iron ores, concentrates $2,583,424,000 +8.5%
    10 Engines (diesel) $2,296,776,000 -9.5%
    11 Chemical woodpulp (non-dissolving) $2,178,556,000 -2.6%
    12 Uncoated kraft paper $1,994,112,000 -9.2%
    13 Vans $1,896,537,000 -9.1%
    14 Computer systems, optical readers $1,879,128,000 -5.5%
    15 Blood fractions (together with antisera) $1,736,462,000 +12.4%
    16 Tractors $1,653,568,000 -18%
    17 Equipment elements $1,626,970,000 +1.1%
    18 Electrical vitality $1,515,144,000 -4%
    19 Uncoated paper for writing/printing $1,416,585,000 -2.6%
    20 Miscellaneous furnishings $1,399,999,000 +1.7%
    21 Flat-rolled chrome steel gadgets $1,366,187,000 -0.5%
    22 Flat-rolled different alloy metal merchandise $1,241,724,000 +2.8%
    23 Turbo-jets $1,127,197,000 -3.4%
    24 Fork-lift vans $1,103,048,000 -0.2%
    25 Centrifuges, filters and purifiers $1,033,307,000 +10.9%
    26 Temperature-change machines $1,013,722,000 -6.4%
    27 Vehicle our bodies $992,315,000 +2.3%
    28 Miscellaneous equipment $982,257,000 -3.8%
    29 Bodily/chemical evaluation instruments $938,801,000 +19.3%
    30 Ethylene polymers $922,876,000 -7.7%
    31 Electrical converters/energy models $858,942,000 -27.2%
    32 Hormones, miscellaneous steroids $855,007,000 +14.3%
    33 Insulated wire/cable $827,015,000 -40.8%
    34 TV receivers/displays/projectors $823,980,000 -5.5%
    35 Dishwashing, clear/dry/fill machines $819,640,000 -0.4%
    36 Different diagnostic/lab reagents $815,603,000 +15.7%
    37 Fridges, freezers $743,863,000 -0.2%
    38 Liquid pumps and elevators $712,355,000 -4.5%
    39 Miscellaneous plastic gadgets $712,042,000 -0%
    40 Faucets, valves, comparable home equipment $708,421,000 -0.5%
    41 Transfer/grade/scrape/boring equipment $681,514,000 -6.9%
    42 Gold (unwrought) $663,177,000 +4.8%
    43 Pneumatic hand instrument $640,869,000 -8.1%
    44 Lifting/loading equipment $605,186,000 -4.6%
    45 Chassis fitted with engine $595,718,000 -14.2%
    46 Electro-medical equip (e.g. xrays) $591,145,000 -6.5%
    47 Nuclear reactors, gasoline parts $585,198,000 -8.8%
    48 Electrical water heaters, hair dryers $547,286,000 +1.5%
    49 Cellulose fiber paper $536,841,000 +0.8%
    50 Seats (excluding barber/dentist chairs) $533,423,000 -2.6%
    51 Ball, curler bearings $524,661,000 +3.2%
    52 Transmission shafts, gears, clutches $522,878,000 -29.1%
    53 Bread, biscuits, desserts, pastries $511,903,000 +3.8%
    54 Plastic packing items, lids, caps $504,336,000 -5.3%
    55 Decrease-voltage switches, fuses $500,070,000 -3.6%
    56 Vulcanized rubber gadgets $491,941,000 -4.5%
    57 Miscellaneous iron or metal gadgets $490,780,000 +7.2%
    58 Alcohol (together with spirits, liqueurs) $490,381,000 -3.8%
    59 Piston engines $487,628,000 +8.1%
    60 Copper wire $487,322,000 -10.1%
    61 Different meals preparations $483,367,000 +5%
    62 Piston engine elements $477,430,000 -3.2%
    63 Plastic plates, sheets, movie, tape, strips $472,108,000 -9.9%
    64 Iron and metal tubes, pipes $472,090,000 +711.4%
    65 Microphones/headphones/amps $467,787,000 +17.6%
    66 TV receiver/transmit/digital cameras $465,917,000 +21.1%
    67 Alloy metal bars, rods $460,261,000 -26.8%
    68 Fish fillets, items $457,422,000 +0.5%
    69 Miscellaneous iron and metal constructions $453,271,000 -1.5%
    70 Sanitary towels, child napkins/liners $452,247,000 -5.1%
    71 Cermet plates, sticks, ideas $446,058,000 -10.7%
    72 Iron or metal scrap $444,768,000 -4.5%
    73 Miscellaneous engines, motors $420,775,000 -5%
    74 Granules of iron or metal $418,878,000 -15.2%
    75 Scorching-rolled iron or non-alloy metal merchandise $413,810,000 -14.4%
    76 Refined copper, unwrought alloys $412,636,000 -46.2%
    77 Newsprint (rolls or sheets) $406,102,000 -8.7%
    78 Zinc ores, concentrates $398,621,000 -22.6%
    79 Electrical/optical circuit boards, panels $390,410,000 -11%
    80 Orthopedic home equipment $389,565,000 -15%
    81 Wooden carpentry, builders’ joinery $387,516,000 -6%
    82 Tissues, napkins, bathroom paper $385,785,000 -2.7%
    83 Chocolate, different cocoa preparations $379,879,000 +3.6%
    84 TV/radio/radar system elements $376,335,000 +58.6%
    85 Cellulolse pulip/paper making equipment $375,722,000 -7.8%
    86 Iron and metal screws, bolts, nuts, washers $374,920,000 -2.4%
    87 Plane elements $373,551,000 +35.3%
    88 Chemical trade merchandise/residuals $370,552,000 -1.8%
    89 Electrical motors, mills $368,180,000 +28.4%
    90 Initiators/accelerators, catalytic preps $366,609,000 +3.2%
    91 Pipe/chewing/snuff tobaccos $365,214,000 +22.8%
    92 Aluminum (unwrought) $361,742,000 -3.1%
    93 Iron or metal tubes, pipes $360,406,000 +14.4%
    94 Electrical storage batteries $355,428,000 -1.5%
    95 Interchangeable hand/machine instruments $352,776,000 +0.8%
    96 Lamps, lighting, illuminated indicators $348,828,000 -3.3%
    97 Different natural cleansing preparations $345,768,000 -6.3%
    98 Plastic tubes, pipes, fittings $344,225,000 -3.9%
    99 Males’s fits, trousers (not knit or crochet) $326,074,000 +13.6%
    100 Aluminum plates, sheets, strips $320,324,000 -15.1%

    These 100 exported items have been value a subtotal of US$113.Three billion or greater than two-thirds (70.6%) by worth for all merchandise exported from Sweden throughout 2019.

    In macroeconomic phrases, Sweden’s complete exported items characterize 28.5% of its general Gross Home Product for 2019 ($563.9 billion valued in Buying Energy Parity US {dollars}). That 28.5% for exports to general GDP in PPP for 2019 compares to 30.6% for 2015. That declining proportion suggests a comparatively reducing reliance on merchandise offered on worldwide markets for Sweden’s complete financial efficiency albeit based mostly on a brief timeframe.

    One other key indicator of a rustic’s financial efficiency is its unemployment price. Sweden’s common unemployment price was 6.469% for 2019 up from 6.283% one 12 months earlier, in keeping with the Worldwide Financial Fund.

    Sweden’s capital metropolis is Stockholm.

    See additionally Sweden’s Top 10 Imports, Sweden’s Top Trading Partners and European Union’s Top 10 Exports

    Analysis Sources:
    Central Intelligence Company, The World Factbook Country Profiles, Central Intelligence Company. Accessed on March 22, 2020

    Forbes Global 2000 rankings, The World’s Largest Public Corporations. Accessed on March 22, 2020

    Worldwide Financial Fund, Exchange Rates selected indicators (Nationwide Foreign money per U.S. greenback, interval common). Accessed on March 22, 2020

    Worldwide Financial Fund, World Economic Outlook Database (GDP based mostly on Buying Energy Parity). Accessed on March 22, 2020

    Worldwide Commerce Centre, Trade Map. Accessed on March 22, 2020

    Investopedia, Net Exports Definition. Accessed on March 22, 2020

    Wikipedia, Gross domestic product. Accessed on March 22, 2020

    Wikipedia, List of Companies of Sweden. Accessed on March 22, 2020

    Wikipedia, Purchasing power parity. Accessed on March 22, 2020

    Wikipedia, Sweden. Accessed on March 22, 2020

    Zepol’s company summary highlights by nation. Accessed on March 22, 2020



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