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Trade between Sweden and the United States

In 2024, Sweden exported $17.7 billion to the United States and imported $7.3 billion. Sweden ran a surplus of $10.4 billion with the United States, compared with a surplus of $7.5 billion in 2019. The United States was Sweden’s 5th largest trading partner (7% of its trade), and Sweden was the United States’ 33rd (0.5%).

Summary

Sweden → United States
$17.7billion
United States → Sweden
$7.3billion
Sweden’s balance
$10.4billion

Balance

Sweden’s trade balance with the United States

Trade between Sweden and the United States grew 2.5-fold since 1995

USD billions (current). Sweden’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 17.7
  • Imports 7.3
  • Balance +10.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$6.4 billion$3.6 billion$2.9 billion
1996$7 billion$3.8 billion$3.2 billion
1997$7.4 billion$3.9 billion$3.5 billion
1998$7.9 billion$4 billion$3.9 billion
1999$8 billion$4 billion$4.1 billion
2000$9.4 billion$4.8 billion$4.6 billion
2001$8.8 billion$3.4 billion$5.4 billion
2002$9.6 billion$3.2 billion$6.4 billion
2003$11.5 billion$3.4 billion$8.1 billion
2004$13.1 billion$3.4 billion$9.6 billion
2005$14.4 billion$3.8 billion$10.6 billion
2006$14.4 billion$4.4 billion$10 billion
2007$13 billion$4.7 billion$8.3 billion
2008$12.3 billion$5.2 billion$7 billion
2009$8.2 billion$4.5 billion$3.7 billion
2010$10.6 billion$4.7 billion$6 billion
2011$11.5 billion$5.3 billion$6.2 billion
2012$10.4 billion$5.3 billion$5.1 billion
2013$9.5 billion$4.3 billion$5.2 billion
2014$10.4 billion$4 billion$6.3 billion
2015$9.9 billion$3.8 billion$6.1 billion
2016$9.8 billion$3.7 billion$6.1 billion
2017$10.8 billion$3.7 billion$7 billion
2018$11.4 billion$4.6 billion$6.8 billion
2019$12.2 billion$4.7 billion$7.5 billion
2020$12.3 billion$4.3 billion$8 billion
2021$14.4 billion$5.3 billion$9.1 billion
2022$17.2 billion$7.4 billion$9.8 billion
2023$18.1 billion$7.2 billion$10.9 billion
2024$17.7 billion$7.3 billion$10.4 billion

What they sell each other

What Sweden sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Cars$4 billion · 22.3%
    201 thousand tonnes · Sweden’s destinations
  2. Vaccines, blood and antisera$1.8 billion · 10.4%
    241 tonnes · Sweden’s destinations
  3. Turbojets and gas turbines$632 million · 3.6%
    335 tonnes · Sweden’s destinations
  4. Medicines in measured doses or retail packs$458 million · 2.6%
    3 thousand tonnes · Sweden’s destinations
  5. Other plastic articles$447 million · 2.5%
    3 thousand tonnes
  6. Coated paper$365 million · 2.1%
    315 thousand tonnes
  7. Refined petroleum$342 million · 1.9%
    533 thousand tonnes · Sweden’s destinations
  8. Sawn wood$311 million · 1.8%
    511 thousand tonnes · Sweden’s destinations
  9. Physical and chemical analysis instruments$263 million · 1.5%
    770 tonnes
  10. Bulldozers and excavators$256 million · 1.4%
    29 thousand tonnes · Sweden’s destinations

What the United States sells to Sweden

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$1.5 billion · 20.6%
    2.3 million tonnes · the United States’ destinations
  2. Vaccines, blood and antisera$750 million · 10.2%
    3 thousand tonnes · the United States’ destinations
  3. Turbojets and gas turbines$557 million · 7.6%
    727 tonnes · the United States’ destinations
  4. Open-chain hydrocarbons$363 million · 5%
    733 thousand tonnes
  5. Airplanes and helicopters$291 million · 4%
    185 tonnes · the United States’ destinations
  6. Natural gas and LPG$273 million · 3.7%
    476 thousand tonnes
  7. Physical and chemical analysis instruments$242 million · 3.3%
    2 thousand tonnes
  8. Refined petroleum$136 million · 1.9%
    197 thousand tonnes · the United States’ destinations
  9. Glands, heparin and organ extracts$133 million · 1.8%
    7 tonnes
  10. Coal$117 million · 1.6%
    513 thousand tonnes · the United States’ destinations

How it travels

Estimated sea route from Gothenburg to Los Angeles.

The estimated sea route between Gothenburg and Los Angeles is 8,228 nautical miles (15,238 km) long: ≈ 19–24.5 days at sea (at 18 and 14 knots).

Passages it crosses: Panama Canal.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$14.9 billion · 59.4%
  2. Air$10.2 billion · 40.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Sweden’s 5th largest trading partner (7% of its trade), and Sweden was the United States’ 33rd (0.5%).

The United States in Sweden’s trade
7%
The United States’ rank among Sweden’s partners
5th
Sweden in the United States’ trade
0.5%
Sweden’s rank among the United States’ partners
33rd

Compare with

Other partners of Sweden

Other partners of the United States

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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.