Highest Value Swedish Import Products

Royal Palace, Stockholm

Royal Palace, Stockholm

Cars, automobile parts, trucks and rubber tires were among the 20 highest value Swedish import products in 2016.

The most valuable Swedish imports also include mobile phones and computers. Fish is another area where Sweden exhibits strong domestic demand, as well as medication mixes in dosage.

The following list shows on which product categories Swedish importers spent the most. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level.

This level of granularity can help entrepreneurs identify more precisely which products in which Sweden has strong demand perhaps competitive disadvantages compared with other nations. Innovation satisfying that demand can transform these disadvantages into lucrative business opportunities.

Highest Value Swedish Import Products

Below are the 20 highest value import products delivered to Swedish importers in 2016. Shown within brackets is the change in value for each imported product since 2009.

  1. Cars: US$8.7 billion (Up 91.8% from 2009 to 2016)
  2. Phone system devices including smartphones: $6.1 billion (Up 84.6%)
  3. Crude oil: $5.9 billion (Down -18.9%)
  4. Automobile parts/accessories: $5.5 billion (Up 52.6%)
  5. Processed petroleum oils: $4.9 billion (Up 10.4%)
  6. Whole fish (fresh): $3.5 billion (Up 147.7%)
  7. Computers, optical readers: $3 billion (Up 8.4%)
  8. Medication mixes in dosage: $2.7 billion (Down -7.6%)
  9. Trucks: $1.5 billion (Up 150.3%)
  10. Blood fractions (including antisera): $1.2 billion (Up 62.9%)
  11. Miscellaneous furniture: $1.2 billion (Up 21.1%)
  12. TV receivers/monitors/projectors: $1.1 billion (Down -30.5%)
  13. Piston engine parts: $1.1 billion (Up 37.8%)
  14. Insulated wire/cable: $957 million (Up 53.2%)
  15. Rubber tires (new): $882.1 million (Up 24.3%)
  16. Electro-medical equipment (e.g. xrays): $826.1 million (Up 11.6%)
  17. Machinery parts: $795.3 million (Up 39%)
  18. Lower-voltage switches, fuses: $787.4 million (Up 12.3%)
  19. Fish fillets, pieces: $736.2 million (Up 56.9%)
  20. Air or vacuum pumps: $734.3 million (Up 26.3%)


 
Trucks represent Sweden’s fastest-growing top import category, up 150.3% in value over the 7-year period starting in 2009.

In second place was whole fresh fish (up 147.7) followed by imported cars (up 91.8%) and phone system devices including smartphones (up 84.6%).

Three categories declined in value: TV receivers, monitors and projectors (down -30.5%), crude oil (down -18.9%) and medication mixes in dosage (down -7.6%).

See also Sweden’s Top 10 Exports, Sweden’s Top Trading Partners, Sweden’s Top 10 Imports and Highest Value Swedish Export Products

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 27, 2017

The World Factbook, Field Listing: Imports and World Population, Central Intelligence Agency. Accessed on March 27, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 27, 2017