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Trade in Sweden

Sweden was the world’s 33rd largest exporter of goods and 21st largest exporter of commercial services in 2021. Export values were $189.5 and $78.5 billion USD respectively. Sweden’s top export category was manufactures, followed by fuels and mining products, and agricultural products. In 2020, Sweden’s main export destination markets for goods and services trade were to Norway, Germany and the United States, with trade representing 83.21 per cent of GDP. In terms of imports, Sweden’s import values were $187.0 and $79.7 billion USD respectively in 2021. Sweden’s top import category was manufactures, followed by fuels and mining products and agricultural products. Leading import partners were Germany, Netherlands and Norway. Sweden is a member of the European Union, which is part of 45 different Regional Trade Agreements, including with Central America, Pacific States and Eastern and Southern Africa States.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Kingdom of Sweden

Abbreviation

SE

Capital

Stockholm

WTO Membership Date

1 January 1995

Legal System

civil law system influenced by Roman-Germanic law and customary law

Language

Swedish (de facto)

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Swedish krona

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • BNP Parbias Fortis Sweden - Stockholm, Sweden - SWIFT: FTSBSESS

  • Credit Agricole CIB Stockholm - Stockholm, Sweden - SWIFT: BSUISESS

  • Danske Bank Gothenburg - Gothenburg, Sweden - SWIFT: DABASESXGBG

  • Danske Bank Stockholm - Stockholm, Sweden - SWIFT: DABASESX

  • DnB NOR Bank ASA Sweden - Stockholm, Sweden - SWIFT: DNBASESX

  • Nordea Bank AB - Stockholm, Sweden - SWIFT: NDEASESS

  • SEB - Stockholm, Sweden - SWIFT: ESSESESS

  • Svenska Handelsbanken - Stockholm, Sweden - SWIFT: HANDSESS

  • Swedbank AB - Stockholm, Sweden - SWIFT: SWEDSESS

Contact Information

This section includes contact information for business support organizations and national resources.

Industrial Property Offices

  • Swedish Intellectual Property Office (PRV)

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • Kommerskollegium (National Board of Trade)
    WTO-SPS Enquiry Point
    Phone: +(468) 690 48 00
    Website: http://www.kommerskollegium.se

    Box 6803

    [email protected]

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • National Board of Trade (for Articles 10.1-3)
    Swedish WTO-TBT Enquiry Point
    Kommerskollegium
    Phone: +(46 8) 690 48 00
    Website: www.kommerskollegium.se

    Box 6803
    Stockholm

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

https://taxation-customs.ec.europa.eu/customs-4/calculation-customs-duties/customs-tariff/eu-customs-tariff-taric_en

Last Reviewed: June, 2023

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Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Policymakers & Researchers

Find a concise overview of key aspects of trade and MSME-related policymaking with our dedicated library of Policymakers & Researchers Guides.

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Simplify your market research with an integrated source of trade intelligence, for firms of all sizes, even the smallest. The Global Trade Helpdesk, an initiative by the International Trade Centre, the United Nations Conference on Trade and Development, and the World Trade Organization, provides market intelligence for companies looking to trade in an easy-to-use online tool.