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Sweden trade in 2024

In 2024, Sweden exported $183.4 billion and imported $175.3 billion, a trade surplus of $8.1 billion. It was the world's 32nd-largest exporter, with 0.8% of world exports. Its top export was cars (7.8% of the total) and its main trading partner was Germany (12.9% of its trade).

Summary

Exports
$183.4billion
Imports
$175.3billion
Trade balance
+$8.1billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Cars (7.8%) and medicines in measured doses or retail packs (5%) together make up 12.8% of its exports.

  1. Cars$14.3 billion · 7.8%
    Main partner: United States
  2. Medicines in measured doses or retail packs$9.1 billion · 5%
    Main partner: China
  3. Refined petroleum$8.9 billion · 4.9%
    Main partner: Norway
  4. Auto parts$5.6 billion · 3%
    Main partner: Belgium
  5. Vaccines, blood and antisera$5.5 billion · 3%
    Main partner: United States
  6. Trucks$3.8 billion · 2.1%
    Main partner: Norway
  7. Sawn wood$3.5 billion · 1.9%
    Main partner: United Kingdom
  8. Coated paper$3.2 billion · 1.8%
    Main partner: Germany
  9. Diesel engines$3 billion · 1.7%
    Main partner: Belgium
  10. Chemical wood pulp$2.8 billion · 1.6%
    Main partner: Germany

What it imports

Crude petroleum (6.3%) and cars (5.8%) together make up 12.1% of its imports.

  1. Crude petroleum$11.1 billion · 6.3%
    Main partner: Norway
  2. Cars$10.1 billion · 5.8%
    Main partner: Germany
  3. Auto parts$6.2 billion · 3.5%
    Main partner: Germany
  4. Refined petroleum$5.5 billion · 3.2%
    Main partner: Finland
  5. Computers$5.1 billion · 2.9%
    Main partner: Netherlands
  6. Medicines in measured doses or retail packs$3.8 billion · 2.2%
    Main partner: Denmark
  7. Cameras and broadcast equipment$3.8 billion · 2.2%
    Main partner: Netherlands
  8. Vaccines, blood and antisera$3.1 billion · 1.8%
    Main partner: Germany
  9. Batteries$2.2 billion · 1.3%
    Main partner: China
  10. Transformers and power supplies$1.8 billion · 1%
    Main partner: China
By Harmonized System chapter (96)
ChapterExportsImports
84 · Mechanical machinery$29.7 billion$24.5 billion
87 · Vehicles$28.9 billion$19.8 billion
30 · Pharmaceuticals$15.2 billion$7.3 billion
85 · Electrical and electronic equipment$14.3 billion$21.4 billion
27 · Oil, gas and coal$13 billion$19.3 billion
48 · Paper and paperboard$9.6 billion$1.9 billion
72 · Iron and steel$7.5 billion$4.4 billion
39 · Plastics$7.4 billion$6.2 billion
90 · Precision and medical instruments$4.9 billion$5 billion
44 · Wood$4.6 billion$2.5 billion
47 · Wood pulp$3.7 billion$483 million
26 · Ores and slag$3.7 billion$2.1 billion
74 · Copper$3.4 billion$2.2 billion
73 · Iron and steel products$3 billion$3.8 billion
03 · Fish and seafood$3 billion$2.1 billion
29 · Organic chemicals$2.6 billion$2.3 billion
94 · Furniture and lighting$2.2 billion$3.2 billion
71 · Gems and precious metals$2 billion$456 million
76 · Aluminum$1.8 billion$2.1 billion
38 · Miscellaneous chemicals$1.5 billion$1.6 billion
21 · Food preparations$1.3 billion$1.3 billion
82 · Tools and cutlery$1.3 billion$719 million
22 · Beverages and spirits$1.2 billion$2 billion
40 · Rubber$1.1 billion$1.9 billion
15 · Fats and oils$947 million$1.5 billion
32 · Dyes, paints and tanning agents$902 million$779 million
88 · Aircraft and spacecraft$848 million$884 million
19 · Baked goods and cereal products$791 million$1.2 billion
33 · Perfumes and cosmetics$741 million$1.4 billion
83 · Miscellaneous metal goods$711 million$781 million
62 · Woven clothing$613 million$2.5 billion
34 · Soap and cleaning products$594 million$870 million
28 · Inorganic chemicals$563 million$2.5 billion
61 · Knitted clothing$534 million$2.4 billion
04 · Dairy, eggs and honey$519 million$1.3 billion
89 · Ships and boats$479 million$588 million
75 · Nickel$473 million$753 million
18 · Cocoa and chocolate$445 million$748 million
24 · Tobacco$382 million$213 million
95 · Toys and sports gear$369 million$1.2 billion
35 · Glues, starches and enzymes$354 million$354 million
70 · Glass$348 million$786 million
68 · Stone, plaster and cement articles$291 million$606 million
31 · Fertilizers$276 million$431 million
16 · Prepared meat and fish$263 million$790 million
86 · Railway equipment$257 million$963 million
93 · Weapons and ammunition$252 million$236 million
64 · Footwear$248 million$1.2 billion
17 · Sugar and sweets$244 million$538 million
23 · Animal feed and food waste$231 million$674 million
63 · Home textiles and used clothing$225 million$651 million
09 · Coffee, tea and spices$216 million$724 million
20 · Preserved fruit and vegetables$213 million$972 million
49 · Books and printed matter$211 million$299 million
10 · Cereals$208 million$221 million
56 · Felt, nonwovens and rope$205 million$235 million
25 · Salt, stone and cement$191 million$515 million
96 · Other manufactured goods$188 million$245 million
59 · Coated and technical textiles$174 million$142 million
02 · Meat and offal$160 million$1.2 billion
11 · Milling products and malt$159 million$100 million
36 · Explosives and matches$152 million$101 million
79 · Zinc$150 million$87 million
42 · Leather goods and bags$140 million$532 million
78 · Lead$119 million$40 million
08 · Fruit and nuts$116 million$1 billion
69 · Ceramics$114 million$384 million
57 · Carpets and rugs$111 million$225 million
07 · Vegetables$110 million$816 million
81 · Other base metals$100 million$222 million
41 · Hides and leather$66 million$42 million
91 · Watches and clocks$66 million$226 million
92 · Musical instruments$63 million$58 million
12 · Oilseeds and grains$62 million$187 million
97 · Art and antiques$59 million$163 million
65 · Hats$57 million$178 million
60 · Knitted fabric$55 million$23 million
01 · Live animals$47 million$50 million
05 · Other animal products$46 million$39 million
54 · Synthetic filaments$38 million$100 million
51 · Wool$31 million$85 million
58 · Special fabrics and lace$16 million$28 million
13 · Gums and plant extracts$15 million$28 million
55 · Synthetic staple fibers$13 million$69 million
43 · Fur and fur goods$12 million$14 million
37 · Photographic goods$12 million$31 million
52 · Cotton$10 million$41 million
67 · Feathers and artificial flowers$9 million$46 million
06 · Live plants and flowers$9 million$294 million
46 · Wicker and basketware$5 million$24 million
66 · Umbrellas and canes$4 million$19 million
53 · Other plant fibers$4 million$9 million
45 · Cork$3 million$3 million
14 · Other plant products$2 million$2 million
80 · Tin$1 million$5 million
50 · Silk$118 thousand$720 thousand

Trading partners

Germany is its main destination (9.7% of exports) and source (16.3% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
Germany17.89.7%Sea
United States17.79.7%Sea
Denmark147.6%Sea
Norway11.16%Land
Netherlands10.25.6%Sea
United Kingdom9.85.4%Sea
Finland8.74.8%Land
Belgium8.34.5%Sea
France7.94.3%Sea
China7.84.3%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
Germany28.616.3%Sea
Netherlands17.39.9%Sea
Norway14.18%Land
China11.96.8%Sea
Denmark11.46.5%Sea
Belgium8.44.8%Sea
Finland8.34.7%Land
Poland8.14.6%Sea
United States7.34.2%Sea
France6.23.5%Sea

Overview 1995–2024

In 2024, Sweden accounted for 0.8% of world exports, compared with 1.5% in 1995.

Exports and imports

Exports grew 2.4-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 183
  • Imports 175
  • Balance +8.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$76.8 billion$62.7 billion$14.1 billion
1996$81.7 billion$65.5 billion$16.2 billion
1997$82.3 billion$64.5 billion$17.9 billion
1998$84.7 billion$66.4 billion$18.4 billion
1999$84.9 billion$64.4 billion$20.5 billion
2000$87.8 billion$71.1 billion$16.7 billion
2001$81 billion$63.8 billion$17.2 billion
2002$85.1 billion$68 billion$17.1 billion
2003$101.3 billion$83.8 billion$17.5 billion
2004$122.1 billion$100.2 billion$21.9 billion
2005$131.7 billion$110.6 billion$21.1 billion
2006$147.1 billion$126.5 billion$20.5 billion
2007$167 billion$152 billion$15 billion
2008$183.7 billion$162.7 billion$21 billion
2009$129.2 billion$117.5 billion$11.7 billion
2010$149.6 billion$143.3 billion$6.3 billion
2011$181.1 billion$166.3 billion$14.9 billion
2012$166.5 billion$158.7 billion$7.8 billion
2013$163.6 billion$151.1 billion$12.5 billion
2014$160.3 billion$153.4 billion$6.9 billion
2015$137.9 billion$131.2 billion$6.7 billion
2016$134.1 billion$133.5 billion$640 million
2017$148.6 billion$145.4 billion$3.2 billion
2018$160.9 billion$159 billion$1.9 billion
2019$152.9 billion$149.4 billion$3.5 billion
2020$146.8 billion$140.2 billion$6.6 billion
2021$177.7 billion$175.4 billion$2.3 billion
2022$189.3 billion$189 billion$279 million
2023$190 billion$179.6 billion$10.4 billion
2024$183.4 billion$175.3 billion$8.1 billion

World rank

Sweden fell from 18th to 32nd among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 18th in 1995
  • 32nd in 2024

Source: CEPII BACI

Show the numbers
YearRank
199518th
199619th
199719th
199818th
199918th
200019th
200120th
200220th
200320th
200421st
200521st
200622nd
200723rd
200825th
200926th
201027th
201127th
201227th
201328th
201431st
201532nd
201632nd
201732nd
201832nd
201932nd
202032nd
202132nd
202233rd
202332nd
202432nd

What it sells

Its top export group is still mechanical machinery: 16% in 2024

% of exports by Harmonized System chapter.

  • Other 32%
  • Plastics 4%
  • Iron and steel 4%
  • Paper and paperboard 5%
  • Oil, gas and coal 7%
  • Electrical and electronic equipment 8%
  • Pharmaceuticals 8%
  • Vehicles 16%
  • Mechanical machinery 16%

Source: CEPII BACI

Show the numbers
Chapter19952024
Mechanical machinery17%16.2%
Vehicles13.9%15.7%
Pharmaceuticals3.7%8.3%
Electrical and electronic equipment12.9%7.8%
Oil, gas and coal2.1%7.1%
Paper and paperboard10.6%5.3%
Iron and steel5.6%4.1%
Plastics2.9%4%
Other31.3%31.5%

Who it trades with

Germany went from 15% to 13% of Sweden's trade

% of total trade (exports + imports) with each partner.

  • Germany 13%
  • Netherlands 8%
  • Denmark 7%
  • Norway 7%
  • United States 7%

Source: CEPII BACI

Show the numbers
Partner19952024
Germany15.5%12.9%
Netherlands6.4%7.7%
Denmark6.9%7.1%
Norway7%7%
United States7.2%7%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • SSAB Luleå steel plantSteel · 3.4 Mt CO₂e
  • SSAB Oxelösund steel plantSteel · 1.6 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Stockholm$262.2 billion (PPP, 2021 dollars)
  • Göteborg$86.2 billion (PPP, 2021 dollars)
  • Linköping$20.9 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

See all countries