Sweden’s Top 10 Imports

Swedish countryside

Swedish countryside

The Kingdom of Sweden imported US$153.9 billion worth of goods from around the globe in 2017, down by -4.2% since 2013 but up by 9.1% from 2016 to 2017.

Swedish imports represent 1% of total global imports which totaled $16.054 trillion one year earlier during 2016.

From a continental perspective, 82.5% of Sweden’s total imports by value in 2017 were purchased from other European countries. Asian trade partners supplied 12% of import sales to Sweden while 2.8% worth of goods originated from North America. Smaller percentages came from Africa (1.3%) and Latin America excluding Mexico but including the Caribbean (1%).

Given Sweden ‘s population of 10 million people, its total $153.9 billion in 2017 imports translates to roughly $15,400 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 2017. Also shown is the percentage share each product category represents in terms of overall imports into Sweden.

  1. Machinery including computers: US$20.6 billion (13.4% of total imports)
  2. Vehicles: $19.4 billion (12.6%)
  3. Electrical machinery, equipment: $18.6 billion (12.1%)
  4. Mineral fuels including oil: $15.5 billion (10.1%)
  5. Plastics, plastic articles: $5.7 billion (3.7%)
  6. Iron, steel: $4.8 billion (3.1%)
  7. Fish: $4.6 billion (3%)
  8. Pharmaceuticals: $4.4 billion (2.8%)
  9. Optical, technical, medical apparatus: $4.2 billion (2.7%)
  10. Furniture, bedding, lighting , signs, prefab buildings: $3.7 billion (2.4%)

Sweden’s top 10 imports accounted for about two-thirds (66%) of the overall value of its product purchases from other countries.

Iron and steel was the fastest-growing among the top 10 import categories, up 34.6% in value from 2016 to 2017.

In second place were imported mineral fuels including oil (up 23.6%) followed by the furniture, bedding, lighting, signs and prefab buildings category (up 21.9%).

Plastics and plastic articles appreciated by 18.9%.

Only one top category declined in value year over year, namely fish via its -4.6% drop.

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 2017, Swedish importers spent the most on the following 10 subcategories of machines including computers:

  1. Computers, optical readers: US$3.5 billion (up 14.8% from 2016)
  2. Piston engine parts: $1.2 billion (up 10.5%)
  3. Machinery parts: $961.2 million (up 20.1%)
  4. Transmission shafts, gears, clutches: $878.1 million (up 24.3%)
  5. Air or vacuum pumps: $866.3 million (up 18%)
  6. Liquid pumps and elevators: $781.8 million (up 10.6%)
  7. Taps, valves, similar appliances: $777.9 million (up 12%)
  8. Refrigerators, freezers: $669 million (up 8%)
  9. Centrifuges, filters and purifiers: $660 million (up 13.3%)
  10. Miscellaneous machinery: $626.4 million (up 18.2%)

Among these import subcategories, Sweden’s purchases of transmission shafts, gears and clutches (up 24.3%), machinery parts (up 20.1%) and miscellaneous machinery (up 18.2%) grew at the fastest pace from 2016 to 2017.

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.

Vehicles

In 2017, Swedish importers spent the most on the following 10 subcategories of vehicles-related products:

  1. Cars: US$9.1 billion (up 4.1% from 2016)
  2. Automobile parts/accessories: $6.3 billion (up 14.6%)
  3. Trucks: $1.6 billion (up 6.7%)
  4. Tractors: $512.5 million (up 25.1%)
  5. Trailers: $446.5 million (up 18.8%)
  6. Public-transport vehicles: $277.4 million (up 18.5%)
  7. Motorcycles: $159.6 million (up 0.1%)
  8. Motorcycle parts/accessories: $131.7 million (down -4.5%)
  9. Special purpose vehicles: $115 million (up 38.7%)
  10. Bicycles, other non-motorized cycles: $100.7 million (down -2.6%)

Among these import subcategories, Sweden’s purchases of special purpose vehicles (up 38.7%), tractors (up 25.1%) and trailers (up 18.8%) grew at the fastest pace from 2016 to 2017.

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.

Electronics

In 2017, Swedish importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics:

  1. Phone system devices including smartphones: US$5.8 billion (down -4.1% from 2016)
  2. TV receivers/monitors/projectors: $1.3 billion (up 11.8%)
  3. Insulated wire/cable: $1.1 billion (up 17.9%)
  4. Lower-voltage switches, fuses: $812.5 million (up 3.2%)
  5. Electrical converters/power units: $760 million (up 5.6%)
  6. Electric water heaters, hair dryers: $669.9 million (up 10.8%)
  7. Microphones/headphones/amps: $627.3 million (up 24.3%)
  8. Electric storage batteries: $533.6 million (up 6.8%)
  9. Integrated circuits/microassemblies: $519.3 million (down -8.2%)
  10. Electrical/optical circuit boards, panels: $501.6 million (up 3.4%)

Among these import subcategories, Sweden’s purchases of microphones, headphones and amplifiers (up 24.3%), insulated wire or cable (up 17.9%) and TV receivers, monitors or projectors (up 11.8%) grew at the fastest pace from 2016 to 2017.

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.

Fuel

In 2017, Swedish importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Crude oil: US$7.7 billion (up 27.1% from 2016)
  2. Processed petroleum oils: $6 billion (up 21.7%)
  3. Petroleum gases: $638.9 million (up 14.9%)
  4. Coal, solid fuels made from coal: $467.9 million (up 42.8%)
  5. Electrical energy: $461.8 million (down -13.7%)
  6. Petroleum oil residues: $94.4 million (up 47.8%)
  7. Coal tar oils (high temperature distillation): $31.4 million (up 28.2%)
  8. Coke, semi-coke: $29.8 million (up 25.5%)
  9. Petroleum jelly, mineral waxes: $12.9 million (up 1.6%)
  10. Peat: $6.5 million (up 41.9%)

Among these import subcategories, Sweden’s purchases of petroleum oil residues (up 47.8%), coal including solid fuels made from coal (up 42.8%) and peat (up 41.9%) grew at the fastest pace from 2016 to 2017.

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.



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

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 25, 2018

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 25, 2018

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 25, 2018