[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · SWE · 2024
Sweden trade profile
In 2024, Sweden recorded $186.0B in merchandise exports and $170.0B in imports, producing a $16.0B trade surplus. Exports changed -1.9% from the previous year, while imports changed -4.0%.[1]
Exports
$186.0B
-1.9%
Imports
$170.0B
-4.0%
Trade balance
$16.0B
surplus
Active partners
270
108 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$29.4B
HS 84 · Machinery
514 active HS6 lines · 193 export partners
2$28.5B
HS 87 · Vehicles
87 active HS6 lines · 178 export partners
3$15.1B
HS 85 · Electrical machinery
262 active HS6 lines · 192 export partners
4$15.0B
HS 30 · Pharmaceutical products
43 active HS6 lines · 165 export partners
5$13.8B
HS 27 · Mineral fuels and oils
43 active HS6 lines · 157 export partners
6$9.5B
HS 48 · HS chapter
101 active HS6 lines · 174 export partners
7$7.5B
HS 72 · HS chapter
167 active HS6 lines · 148 export partners
8$6.2B
HS 39 · HS chapter
129 active HS6 lines · 183 export partners
Leading export markets
Destinations rank bilateral export flows from Sweden; growth describes each corridor rather than the whole economy.
1$18.8B
Germany
Annual change -3.7% · 3-year CAGR -0.4%
2$17.5B
United States
Annual change -1.3% · 3-year CAGR 5.6%
3$13.9B
Denmark
Annual change -4.4% · 3-year CAGR -2.9%
4$12.6B
Norway
Annual change +1.6% · 3-year CAGR -2.3%
5$10.3B
Finland
Annual change -4.1% · 3-year CAGR -1.9%
6$9.8B
Netherlands
Annual change -2.5% · 3-year CAGR 1.7%
7$9.4B
United Kingdom
Annual change -1.8% · 3-year CAGR -0.1%
8$8.6B
Belgium
Annual change +7.9% · 3-year CAGR 9.7%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.