Sweden’s Top 10 Imports

Swedish countryside

Swedish countryside

The Kingdom of Sweden imported US$170.1 billion worth of goods from around the globe in 2018, up by 4.8% since 2014 and up by 10.6% from 2017 to 2018.

Swedish imports represent 1% of total global imports which totaled $17.788 trillion one year earlier.

From a continental perspective, 82.2% of Sweden’s total imports by value were purchased from other European countries. Asian trade partners supplied 11.6% of imports bought by Sweden. Much smaller percentages came from North America (3%), Africa (1.9%), Latin America (0.9%) excluding Mexico but including the Caribbean, then Oceania (0.2%) led by Australia.

Given Sweden ‘s population of 10 million people, its total $170.1 billion in 2018 imports translates to roughly $17,000 in yearly product demand from every person in the country.

Sweden’s Top 10 Imports

Top 10

The following product groups represent the highest dollar value in Sweden’s import purchases during 2018. Also shown is the percentage share each product category represents in terms of overall imports into Sweden.

  1. Machinery including computers: US$22.7 billion (13.4% of total imports)
  2. Mineral fuels including oil: $20.2 billion (11.9%)
  3. Electrical machinery, equipment: $20.1 billion (11.8%)
  4. Vehicles: $19.8 billion (11.6%)
  5. Plastics, plastic articles: $6.2 billion (3.6%)
  6. Iron, steel: $5.5 billion (3.3%)
  7. Fish: $5.2 billion (3.1%)
  8. Pharmaceuticals: $4.7 billion (2.8%)
  9. Articles of iron or steel: $4.4 billion (2.6%)
  10. Optical, technical, medical apparatus: $4.4 billion (2.6%)

Sweden’s top 10 imports accounted for two-thirds (66.6%) of the overall value of its product purchases from other countries.

Articles made from iron or steel was the fastest-growing category among the top 10, up 38.1% in value from 2017 to 2018.

In second place were imported mineral fuels including oil (up 30.7%) trailed by exported iron and steel metals (up 20.9%) and the machinery including computers category (up 18%).

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

Machinery

In 2018, Swedish importers spent the most on the following 10 subcategories of machines including computers.

  1. Computers, optical readers: US$4.1 billion (up 18.5% from 2017)
  2. Piston engine parts: $1.4 billion (up 13.9%)
  3. Machinery parts: $1.1 billion (up 15.4%)
  4. Transmission shafts, gears, clutches: $955.7 million (up 8.8%)
  5. Air or vacuum pumps: $894.8 million (up 3.3%)
  6. Liquid pumps and elevators: $857.8 million (up 9.7%)
  7. Taps, valves, similar appliances: $825 million (up 6.1%)
  8. Centrifuges, filters and purifiers: $711.3 million (up 7.8%)
  9. Refrigerators, freezers: $705.5 million (up 5.8%)
  10. Miscellaneous machinery: $627.3 million (up 0.1%)

Among these import subcategories, Swedish purchases of computers including optical readers (up 18.5%), machinery parts (up 15.4%) then piston engine parts (up 13.9%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Swedish businesses and consumers.

Fuel

In 2018, Swedish importers spent the most on the following 10 subcategories of mineral fuels-related products.

  1. Crude oil: US$10.6 billion (up 37.2% from 2017)
  2. Processed petroleum oils: $7.3 billion (up 20.7%)
  3. Petroleum gases: $819.2 million (up 27.6%)
  4. Electrical energy: $717.2 million (up 56.6%)
  5. Coal, solid fuels made from coal: $513.2 million (up 11.1%)
  6. Petroleum oil residues: $126.2 million (up 35.4%)
  7. Coke, semi-coke: $80.7 million (up 171.9%)
  8. Coal tar oils (high temperature distillation): $47.5 million (up 50.5%)
  9. Petroleum jelly, mineral waxes: $11.7 million (down -8.7%)
  10. Peat: $9.4 million (up 43.8%)

Among these import subcategories, Swedish purchases of coke or semi-coke (up 171.9%), electrical energy (up 56.6%) the high-temperature distilled coal tar oils (up 50.5%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported fossil fuel-related products among Swedish businesses and consumers.

Electronics

In 2018, Swedish importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics.

  1. Phone system devices including smartphones: US$6.3 billion (up 7.6% from 2017)
  2. TV receivers/monitors/projectors: $1.4 billion (up 4%)
  3. Insulated wire/cable: $1.3 billion (up 14.6%)
  4. Electrical converters/power units: $822 million (up 8.3%)
  5. Lower-voltage switches, fuses: $818 million (up 0.6%)
  6. Microphones/headphones/amps: $701.7 million (up 12.5%)
  7. Electric water heaters, hair dryers: $684.2 million (up 2.5%)
  8. Electrical lighting/signaling equpment, defrosters: $575.5 million (up 25.3%)
  9. Electrical/optical circuit boards, panels: $548.5 million (up 9.3%)
  10. Integrated circuits/microassemblies: $519 million (up 0.2%)

Among these import subcategories, Swedish purchases of electrical lighting, signaling equipment and defrosters (up 25.3%), insulated wire or cable (up 14.6%) then microphones, headphones and amplifiers (up 12.5%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Swedish businesses and consumers.

Vehicles

In 2018, Swedish importers spent the most on the following 10 subcategories of vehicles-related products.

  1. Cars: US$8.7 billion (down -4.2% from 2017)
  2. Automobile parts/accessories: $7.1 billion (up 12.8%)
  3. Trucks: $1.7 billion (up 6%)
  4. Trailers: $502.9 million (up 12.5%)
  5. Tractors: $418.6 million (down -18.5%)
  6. Motorcycles: $189.2 million (up 17.2%)
  7. Public-transport vehicles: $188.7 million (down -31.1%)
  8. Motorcycle parts/accessories: $132.2 million (up 0.1%)
  9. Bicycles, other non-motorized cycles: $113.2 million (up 11.2%)
  10. Special purpose vehicles: $102.3 million (down -10.5%)

Among these import subcategories, Swedish purchases of motorcycles (up 17.2%), automobile parts or accessories (up 12.8%) then trailers (up 12.5%) grew at the fastest pace from 2017 to 2018.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicle-related products among Swedish businesses and consumers.



 

See also Sweden’s Top 10 Exports and Sweden’s Top Trading Partners

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 21, 2019

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 21, 2019

Trade Map, International Trade Centre. Accessed on March 21, 2019