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AmCham Sweden is the voice of American business in Sweden. We are champions of US - Swedish trade and investment and US commercial interests in Sweden and give members a networking platform, critical business information, and an amplified voice.

Sweden's Trade with the U.S.: Current 2018 Balance


Sweden's Trade with the U.S.: Current 2018 Balance

Vivian Davis

In the 2018 report published by the Swedish National Board of Trade (Kommerskollegium) on Sweden’s foreign trade of goods and services, and direct investment, a special section is included that is dedicated to Sweden's trade with the U.S. (United States). The Board writes that, although it is too early to see the effects of the U.S. imposed steel tariffs (25%) and aluminum tariffs (10%), current calculations indicate that Sweden’s exports to the U.S. represent 8.9% of Sweden's total steel exports.

In terms of the aluminum products covered, exports to the U.S. represent a limited percentage of Sweden's total, but for some products - for example, aluminum foil - a significant proportion is exported to the US. EU counter-measures against the U.S., with a 25% extra duty imposed on a wide range of goods, only impact a very small proportion of Sweden's total imports from the U.S. However, there are some individual products where the U.S. accounts for a large proportion of imports to Sweden - for example rice, bourbon and corn products.

The complete report in Swedish is available here.

Source: Mundus International

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