Trade with Sweden
Sweden is strongly dependent on foreign trade. Foreign trade has been an important force behind the development of Sweden into an industrialized nation with a high standard of living. Remarkably, no less than 45% of Sweden's GNP is generated by export.
The relatively small size of the Swedish home market has made access to foreign markets extremely important for Swedish industry. Swedish industry began to explore business opportunities on foreign markets already at the end of the 19th century. Several Swedish companies have developed into global conglomerates. Names like ABB, Electrolux, Ericsson, Volvo, Scania, IKEA and Pharmacia are all internationally well recognized.
Sweden's trading partners are primarily other industrialized nations. Sweden has been a member of the European Union since 1995. Today 75% of Sweden's foreign trade is with other European nations.
The fastest growing segment of Swedish export is electronics, including communications equipment and computer-related products, now accounting for about 20% of merchandise export. Forest products accounts for roughly 15% and cars and trucks for 12% of exports. Pharmaceuticals and medical instruments constitute another important segment of Swedish export.
To learn more about Swedish foreign trade and the opportunities for imports or exports, please see the Swedish Trade Council.