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Stockholm, Stockholms län, 11152
Sweden

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.

Sharp Increase in Trade with the U.S.

News

Sharp Increase in Trade with the U.S.

Randy Gosda

Sweden's exports of goods and services increased by 10% in the first half of the year compared to the corresponding period in 2018, according to a new report by the Swedish National Board of Trade (Kommerskollegiet).

In the first half of 2019, 73% of Swedish goods exports went to Europe. EU’s share of value was 59%; Asia and America received 12% and 11%, respectively of Sweden's exports. Exports were higher to all continents in the first half of 2019. The largest increase was the export increase to America (+25%), followed by Africa (+15%) and the EU (+7.0%). Exports to the rest of Europe increased 4.8% and that of Asia with 2.1%.

Exports of goods from Sweden to the U.S. increased sharply during the first half of the year, up 28%. It was mainly the export of medicines and passenger cars that drove the development. Trade with EU countries also showed an increase of 7.0%. In total, Sweden's goods exports increased by 8.1% and imports increased by 2.3% during the first months of the year. In terms of volume, exports increased by 2.8%, while imports decreased by 1.4%.

84% of Sweden's imports come from Europe and 71% from the EU. Imports increased from all continents except from Africa. The largest increase was from Asia (+12 %), followed by America
(+3%) and the rest of Europe (+2.8%).

But the second quarter shows slightly weaker figures. Indeed, after a period of very strong development in foreign trade, signs of a slowdown can now be discerned, especially with regard to the trade in goods.

(Read the full report here in Swedish)

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