Sweden’s Top 10 Imports

Swedish countryside

Swedish countryside

Sweden imported US$140.7 billion worth of goods from around the globe in 2016, up by 17.3% since 2009 and up by 1.9% from 2015 to 2016.

Sweden’s top 10 imports accounted for almost two-thirds (65.5%) of the overall value of its product purchases from other countries.

Swedish imports represent 0.9% of total global imports which totaled $16.473 trillion one year earlier during 2015.

From a continental perspective, 82.6% of Sweden’s total imports by value in 2016 were purchased from other European countries. Asian trade partners supplied 12% of import sales to Sweden while 3.1% worth of goods originated from North America. At 0.8%, a smaller percentage came from African exporters.

Given Sweden ‘s population of 9.9 million people, its total $140.7 billion in 2016 imports translates to roughly $14,200 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 2016. Also shown is the percentage share each product category represents in terms of overall imports into Sweden.

  1. Machinery including computers: US$18.6 billion (13.2% of total imports)
  2. Electrical machinery, equipment: $18 billion (12.8%)
  3. Vehicles: $17.7 billion (12.6%)
  4. Mineral fuels including oil: $12.4 billion (8.8%)
  5. Plastics, plastic articles: $5.2 billion (3.7%)
  6. Fish: $4.9 billion (3.5%)
  7. Pharmaceuticals: $4.3 billion (3.1%)
  8. Optical, technical, medical apparatus: $3.9 billion (2.8%)
  9. Iron, steel: $3.8 billion (2.7%)
  10. Furniture, bedding, lighting , signs, prefab buildings: $3.4 billion (2.4%)

Imported fish was the fastest-growing among the top 10 import categories, up 111.8% in value from 2009 to 2016.

In second place were imported vehicles (up 78.4%) followed by the furniture, bedding, lighting, signs and prefab buildings category (up 48.9%).
Plastics and plastic articles appreciated by 24%.

Only one top category declined in value over the 7-year period, namely mineral fuels including oil (down -10.4%).

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 2016, Swedish importers spent the most on the following 10 subcategories of machines including computers:

  1. Computers, optical readers: US$3 billion (up 8.4%)
  2. Piston engine parts: $1.1 billion (up 37.8%)
  3. Machinery parts: $795.3 million (up 39%)
  4. Air or vacuum pumps: $734.3 million (up 26.3%)
  5. Liquid pumps and elevators: $705 million (up 35.2%)
  6. Transmission shafts, gears, clutches: $703.3 million (up 40%)
  7. Taps, valves, similar appliances: $694.3 million (up 30.4%)
  8. Printing machinery: $652.3 million (down -22.4%)
  9. Refrigerators, freezers: $621.9 million (up 21.6%)
  10. Centrifuges, filters and purifiers: $576.8 million (up 13.6%)

Among these import subcategories, Swedish purchases of transmission shafts, gears and clutches (up 40%), machinery parts (up 39%) and piston engine parts (up 37.8%) grew at the fastest pace from 2009 to 2016.

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.

Electronics

In 2016, Swedish importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics:

  1. Phone system devices including smartphones: US$6.1 billion (up 84.6%)
  2. TV receivers/monitors/projectors: $1.1 billion (down -30.5%)
  3. Insulated wire/cable: $957 million (up 53.2%)
  4. Lower-voltage switches, fuses: $787.4 million (up 12.3%)
  5. Electrical converters/power units: $720.1 million (up 18.3%)
  6. Electric water heaters, hair dryers: $608 million (up 21.7%)
  7. Integrated circuits/microassemblies: $566.2 million (down -62.7%)
  8. Microphones/headphones/amplifiers: $502 million (up 136.8%)
  9. Electric storage batteries: $498.5 million (up 115.9%)
  10. Electrical/optical circuit boards, panels: $484.9 million (up 91.4%)

Among these import subcategories, Swedish purchases of microphones, headphones and amplifiers (up 136.8%), electric storage batteries (up 115.9%) and electrical or optical circuit boards and panels (up 91.4%) grew at the fastest pace from 2009 to 2016.

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 2016, Swedish importers spent the most on the following 10 subcategories of vehicles-related products:

  1. Cars: US$8.7 billion (up 91.8%)
  2. Automobile parts/accessories: $5.5 billion (up 52.6%)
  3. Trucks: $1.5 billion (up 150.3%)
  4. Tractors: $407 million (up 60.7%)
  5. Trailers: $378.8 million (up 23.4%)
  6. Public-transport vehicles: $233.7 million (down -4.9%)
  7. Motorcycles: $156.9 million (up 30.7%)
  8. Motorcycle parts/accessories: $138.2 million (up 22.6%)
  9. Bicycles, other non-motorized cycles: $104.7 million (up 57.2%)
  10. Special purpose vehicles: $82.6 million (up 54.1%)

Among these import subcategories, Swedish purchases of trucks (up 150.3%), cars (up 91.8%) and tractors (up 60.7%) grew at the fastest pace from 2009 to 2016.

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.

Fuel

In 2016, Swedish importers spent the most on the following 10 subcategories of mineral fuels-related products:

  1. Crude oil: US$5.9 billion (down -18.9%)
  2. Processed petroleum oils: $4.9 billion (up 10.4%)
  3. Petroleum gases: $552.5 million (down -36.7%)
  4. Electrical energy: $532 million (down -27.3%)
  5. Coal, solid fuels made from coal: $322.4 million (up 8.9%)
  6. Petroleum oil residues: $63.7 million (up 44.5%)
  7. Coal tar oils (high temperature distillation): $24.4 million (down -36.9%)
  8. Coke, semi-coke: $23.7 million (down -66%)
  9. Petroleum jelly, mineral waxes: $12.7 million (down -7.3%)
  10. Peat: $4.6 million (down -86.6%)

Among these import subcategories, Swedish purchases of petroleum oil residues (up 44.5%), processed petroleum oils (up 10.4%) and coal or solid fuels made from coal (up 8.9%) were the only three categories to appreciate from 2009 to 2016.

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 27, 2017

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on March 27, 2017

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