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27 September 2024
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Key Indicators
- 19,812,840
- 96,890
- Export Trading Partners234
- 13,375,996
- 59,225
- Import Trading Partners235
Overview
Sweden: Navigating Trade in the Nordic Hub
Nestled in Northern Europe, Sweden stands as a key player in the global trade arena. With a 19 GDP ranking of 2024 globally, the nation boasts a dynamic and export-oriented economy.
Introduction:
Sweden, a robust economy in Northern Europe, relies significantly on imports to support its sophisticated industries and consumer markets. Key sectors like automotive, pharmaceuticals, and electronics depend on a steady flow of imported goods. This creates ample opportunities for global exporters looking to establish or expand their presence in the Swedish market.
Economic Overview:
Sweden’s economy is diversified, encompassing strong sectors such as manufacturing, services, and technology. Ranked as one of the top economies in Europe by GDP, Sweden’s import activities play a crucial role in sustaining its industrial base and overall economic health. The nation is continually investing in technological advancements and sustainability, which shapes its import needs.
Political and Regulatory Environment:
Sweden’s political environment is stable and strongly supportive of free trade, being a member of the European Union and other international trade organizations. Recent regulations and trade agreements focus on enhancing environmental sustainability and digital infrastructure, impacting import dynamics significantly.
Opportunities and Challenges for Exporters:
Exporters can find lucrative opportunities in filling market demands for high-tech machinery, green energy solutions, and healthcare products. However, challenges include navigating Sweden’s strict environmental standards and competitive local markets.
Positives:
1. Strategic Location: Sweden's strategic position in Northern Europe provides access to the Baltic Sea and a gateway to neighboring Scandinavian and Baltic countries. This facilitates seamless trade connections with the broader European market.
2. Technological Innovation: Renowned for its technological prowess, Sweden excels in industries like telecommunications and clean energy. Cutting-edge innovations contribute to the country's export strength and global competitiveness.
3. Stable Infrastructure: Sweden boasts a well-developed infrastructure network, including efficient transportation systems and modern logistics. This solid foundation supports the smooth flow of goods and services.
Negatives:
1. High Cost of Living: Sweden's high cost of living and labor expenses can impact competitiveness, affecting trade dynamics. Balancing economic sustainability while maintaining competitiveness is an ongoing challenge.
2. Dependency on Foreign Markets: The Swedish economy is highly dependent on international trade, exposing it to global economic fluctuations. Diversification strategies are essential to mitigate risks associated with external market conditions.
3. Regulatory Compliance: Strict regulatory standards, while ensuring quality, can pose challenges for businesses. Navigating regulatory frameworks requires careful consideration for international traders.
Sweden import export data, including buyer and supplier names, is available on the Volza Platform.
Sweden import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In September 2023, Sweden ranked 17th in global imports, with imports valued at 143.78 billion, representing a 0% growth from September 2022.From September 2023 to September 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 143.78 billion, marking a -28% YOY growth from 2023. Sources of these imports were Germany, Netherlands, Norway, Denmark, China, Belgium, Finland, Poland, USA, France. Imported products were Machinery and equipment, Electrical machinery and equipment, Vehicles and Parts other than railway or tramway. Suppliers were C O H M HENNES MAURITZ GBC AB, HYUNDAI MOBIS PARTS EUROPE N V, and WIPRO INFRASTRUCTURE ENGINEERING. Importers in Sweden were Germany: 16.6%, Netherlands: 10.7%, and Norway: 10.4%.
Top 10 Import Products:
- Crude Petroleum (HS code: 2709) - Fuels energy production.
- Cars (HS code: 8703) - Vital for its automotive sector.
- Medicaments (HS code: 3004) - Crucial for healthcare services.
- Computers (HS code: 8471) - Supports IT and tech industries.
- Telecommunication Equipment (HS code: 8517) - Key in digital infrastructure.
- Electrical Machinery (HS code: 8501) - Essential for manufacturing and tech.
- Refined Petroleum (HS code: 2710) - Supports various energy needs.
- Broadcasting Equipment (HS code: 8525) - Enhances media and communication.
- Aircraft Parts (HS code: 8803) - Important for the aerospace industry.
- Plastics (HS code: 3901) - Used widely across industries.
Top Buyers from Sweden:
JOHN DEERE (NINGBO) AGRICULTURA MACHINERY CO LTD, SIEMENS ENERGY AB, POLARIUM SA DE CV
Solution for Global Exporters:
For a streamlined approach to tapping into Sweden’s import market, utilize Volza’s online import data. Volza can help you efficiently discover and navigate the Swedish import landscape, identifying key opportunities to maximize your export potential. Visit Volza to gain insights and access detailed trade information within minutes.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 01, Mar, 2024
Source : Volza Import Data
Sweden
Import Data
Import Data
13,375,996 Bill of Ladings, 59,225 Buyers & 96,890 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the Sweden Import market Identify verified and active business partners in Sweden
Sweden Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
CASE LINER HR250 50SH NR |   India | 30-04-2024 | |
80% RECYCLE COTTON &20% POLYESTER POWERL | India | India | 30-04-2024 |
WASHER C-13 MATERIAL MILD STEEL | India | India | 30-04-2024 |
CASE HALF INLET SIDE, MR150E | India | 30-04-2024 | |
CASE LINER HR75 50SH NR | India | 30-04-2024 | |
DUCTILE IRON CASTINGS MACHINED-PLAIN SHA | India | India | 30-04-2024 |
Top 10 Importers
Sweden Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Sweden. To assist you in identifying the leading importers in Sweden, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Sweden are companies like C O H M HENNES MAURITZ GBC AB, HYUNDAI MOBIS PARTS EUROPE N V , and WIPRO INFRASTRUCTURE ENGINEERING. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Sweden Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 62,586 | |
2 | 55,135 | |
3 | 38,143 | |
4 | 34,560 | |
5 | 29,183 | |
6 | 24,729 | |
7 | 24,340 | |
8 | 24,120 | |
9 | 22,894 | |
10 | 18,392 |
Data Source : Volza Import Data
Top 10 Import Products
Sweden Top 10 Import Products
As the Sweden import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 45.84%
- Used Steel: 29.52%
- Automobile Component: 14.66%
- Hand Towels: 3.55%
- Window Hardware: 2.09%
- Wooden Door: 1.66%
- Aluminum Box: 0.99%
- Polyester Strap: 0.74%
- Sfp Module: 0.70%
- Napkin Ring: 0.24%
Sweden Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | Used Steel | 8,269,020 |
3 | Automobile Component | 4,108,511 |
4 | HAND TOWELS | 993,561 |
5 | Window Hardware | 586,261 |
6 | WOODEN DOOR | 465,124 |
7 | Aluminum Box | 278,287 |
8 | Polyester Strap | 208,347 |
9 | SFP Module | 195,495 |
10 | Napkin Ring | 68,219 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Sweden
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Sweden Top 1 Import Trading Partners
Sweden trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 1,837,219).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Sweden had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Sweden import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Sweden’s major imports from India include Used Steel, Automobile Component, COTTON KNITTING YARN, Aluminum Box, WOODEN DOOR, Window Hardware, Polyester Strap, SFP Module, Napkin Ring, HAND TOWELS, products. The provided chart below breaks down the values in percentile of Sweden’s top 1 import partners for 2024.
Sweden Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Sweden Import Data Sample record
Sweden import data covers all important shipping details that are essential for businesses to find importers in Sweden, analyze market trends and identify potential industries. Sweden trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Sweden import data sample with complete number of fields available in data.
Sweden Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 84139190
- Quantity:
- 15
- Quantity Unit:
- NOS
- Value FC:
- 59,746.8
- Value:
- HS Descirption:
- Pumps for liquids, whether or not fitted with a measuring device; Liquid elevators
- Exporter:
- METSO INDIA PRIVATE LIMITED
- Importer:
- METSO SOUTH AFRICA PTY LTD
Data Source : Volza Import Data
Sweden Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Sweden Top 10 Import Ports
Sweden's global import trade operates through over 10 ports. Gothenburg stands as the predominant port, handling 1,004,974 import shipments, which constitutes a 57.43% market share. Stockholm follows with an 23.15% share, accounting for 405,185 shipments, while Helsingborg contributes a 10.63% market share with its 186,025 shipments. For detailed import trade statistics of each port in Sweden, refer to the provided links below. Collectively, these ports underscore the integrated nature of Sweden's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Sweden.
Sweden Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Sweden
- 13,375,996
- Date
- 30-04-2024
- Shipper Name
- Metso Sweden AB
- Consignee Name
- METSO INDIA PRIVATE LIMITED
- Consignee Address
- Pia uneland
- Weight Unit
- NOS
- Quantity
- 15
- Shipment Origin
- India
- Port of origin
- Patli Icd