Importing from Sweden

Sweden Import Guide | Trade Finance Global

Importing from Sweden

Sweden is a strong economy with an average unemployment rate for persons of working age at almost 8%. It is a member of the European Union (EU) is ranked as the twenty-second in the world for Gross Domestic Product (GDP) and the IMF rank it as seventh for GDP per capita with the average unemployment rate for the working population age is. The National Institute for Economic Research has forecast GDP growth at around 2.5% a year. The main import origins are Germany (around $26B), Denmark (around $12B), the Netherlands ($12B), Norway ($11B) and the United Kingdom (almost $9B).

It is estimated that Sweden is the eleventh easiest country to do business according to the World Bank. There are many British companies operating in Sweden, including well known companies like BP, British Airways, GlaxoSmithKline, Burberry, BAE Systems and Royal Bank of Scotland. There are many benefits in exporting to Sweden as it is a stable economy, the workforce is educated and skilled, they are a pioneer in new technologies, English being widely used as business language, it being a geographical hub in the Nordic Region, strong currency, friendly business environment and Swedes are very open-minded. For an expats guide for starting up a business in Sweden, we’d recommend Everything Sweden.

Importing from Sweden? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 10.9886 SEK
=
10.9886 SEK
Swedish Krona
1.00 SEK = 0.09100 GBP

Country Profile

CapitalKingdom of SwedenKonungariket Sverige Flag Greater coat of arms Motto:(royal)"Fr Sverige ? i tiden""For Sweden ? With the Times" Anthem:Du gamla, Du friaThou ancient, thou free Royal anthem:KungssngenSong of the King Location of Sweden(dark green) ?in Europe(green &dark grey) ?in the European Union(green) ? Stockholm
Population 10,019,400
Area 450,295  km2 (173,860 sq mi)
km2 (55th)
Currency Swedish krona
GDP
Languages Swedish

1.85

Econ Complexity 4th of 184
1980
2014

$136B

Exports 33rd of 221
1980
2014

$129B

Imports 32nd of 221
1980
2014

$47.9k

GDP Per Capita 18th of 184
1990
2014

Sweden: Exports Profile

Exports from Sweden

Exports from Sweden: $147.3 billion
Export commodities:Machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals, military armaments
Top export destinations:Germany 11%, United Kingdom 7.7%, Denmark 7.3%, United States 6.4%, Netherlands 5.3%, Belgium 5.2%, Finland 4.7%, France 4.6% (2015 est.)
GDP growth (annual %)

Importing from Sweden? Contact our local experts

Country Profile

CapitalKingdom of SwedenKonungariket Sverige Flag Greater coat of arms Motto:(royal)"Fr Sverige ? i tiden""For Sweden ? With the Times" Anthem:Du gamla, Du friaThou ancient, thou free Royal anthem:KungssngenSong of the King Location of Sweden(dark green) ?in Europe(green &dark grey) ?in the European Union(green) ? Stockholm
Population 10,019,400
Area 450,295  km2 (173,860 sq mi)
km2 (55th)
Currency Swedish krona
GDP
Languages Swedish

1.85

Econ Complexity 4th of 184
1980
2014

$136B

Exports 33rd of 221
1980
2014

$129B

Imports 32nd of 221
1980
2014

$47.9k

GDP Per Capita 18th of 184
1990
2014
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