Sweden’s Top 10 Imports

Swedish countryside

Swedish countryside

Swedish imports amounted to US$138 billion in 2015, down by -22% since 2011 and down by -14.9% from 2014 to 2015. Sweden’s top 10 imports accounted for almost two-thirds (62.4%) of the overall value of its product purchases from other countries.

Swedish imports represent 0.7% of total global imports which totaled $18.729 trillion in 2014.

From a continental perspective, 82.9% of Sweden’s total imports by value in 2015 were purchased from other European countries. Asian trade partners supplied 11.5% of import sales to Sweden while 3.1% worth of goods originated from North America. At 0.9%, a smaller percentage came from African exporters.

Given Sweden ‘s population of 9.8 million people, its total $138 billion in 2015 imports translates to roughly $14,100 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 2015. Also shown is the percentage share each product category represents in terms of overall imports into Sweden.

  1. Machines, engines, pumps: US$17.5 billion (12.7% of total Swedish imports)
  2. Electronic equipment: $17.2 billion (12.5%)
  3. Vehicles: $15.4 billion (11.1%)
  4. Oil: $13.4 billion (9.7%)
  5. Plastics: $4.8 billion (3.4%)
  6. Fish: $4.1 billion (2.9%)
  7. Pharmaceuticals: $3.8 billion (2.8%)
  8. Iron and steel: $3.5 billion (2.5%)
  9. Medical, technical equipment: $3.5 billion (2.5%)
  10. Furniture, lighting, signs: $3 billion (2.1%)

Imported fish was alone among the top 10 import categories to increase, up 25.2% in value for the 5-year period starting in 2011.

Leading the decliners was oil, posting a -46.3% decline in value followed by iron and steel (down -42.4%), medical and technical equipment (down -26.3%) and electronics (down -25.5%).

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 2015, Swedish importers spent the most on the following 10 subcategories of machines including computers:

  1. Computers, optical readers: US$3 billion (down -18.9%)
  2. Piston engine parts: $1.1 billion (down -33.4%)
  3. Machinery parts: $758.5 million (down -39.7%)
  4. Air or vacuum pumps: $723.7 million (down -22.5%)
  5. Transmission shafts, gears, clutches: $713.7 million (down -27.3%)
  6. Taps, valves, similar appliances: $699.9 million (down -13%)
  7. Liquid pumps and elevators: $692.5 million (down -26.5%)
  8. Printing machinery: $678 million (down -32.7%)
  9. Refrigerators, freezers: $619 million (up 1.8%)
  10. Centrifuges, filters and purifiers: $597.4 million (down -21%)

Among imports, Swedish purchases of textile materials-cutting machines (up 1,770%), textile fiber work machines (up 235.4%) and weaving machines (up 170.8%) grew at the fastest pace from 2011 to 2015.

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 2015, Swedish importers spent the most on the following 10 subcategories of electronic equipment including consumer electronics:

  1. Phone system devices: US$6.3 billion (down -1.8%)
  2. TV receivers/monitors/projectors: $1.2 billion (down -33.7%)
  3. Insulated wire/cable: $916.7 million (down -20.6%)
  4. Lower-voltage switches, fuses: $787.2 million (down -23.6%)
  5. Electrical converters/power units: $682.3 million (down -19.2%)
  6. Electric water heaters, hair dryers: $586.2 million (down -16.9%)
  7. Integrated circuits/microassemblies: $563.4 million (down -81%)
  8. Unrecorded sound media: $521.4 million (down -35.7%)
  9. Microphones/headphones/amps: $446 million (up 45.7%)
  10. Electrical/optical circuit boards, panels: $442.7 million (up 44.6%)

Among imports, Swedish purchases of microphones, headphones and amplifiers (up 45.7%) and electrical/optical circuit boards and panels (up 44.6%) grew at the fastest pace from 2011 to 2015.

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 2015, Swedish importers spent the most on the following 10 subcategories of vehicles-related products:

  1. Cars: US$7.7 billion (down -3.7%)
  2. Automobile parts/accessories: $5.1 billion (down -11.8%)
  3. Trucks: $1.2 billion (down -13.4%)
  4. Trailers: $339.3 million (down -33.4%)
  5. Tractors: $289.6 million (down -33.4%)
  6. Public-transport vehicles: $166.5 million (down -63.5%)
  7. Motorcycle parts/accessories: $139.5 million (up 7.6%)
  8. Motorcycles: $121.2 million (up 10.6%)
  9. Bicycles, other non-motorized cycles: $110.1 million (up 25.7%)
  10. Special purpose vehicles: $74.2 million (down -23.9%)

Among imports, Swedish purchases of bicycles and other non-motorized cycles (up 25.7%), motorcycles (up 10.6%) as well as motorcycle parts and accessories (up 7.6%) grew at the fastest pace from 2011 to 2015.

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 2015, Swedish importers spent the most on the following 10 subcategories of fossil fuel-related products:

  1. Crude oil: US$7.2 billion (down -50.3%)
  2. Processed petroleum oils: $4.9 billion (down -28%)
  3. Petroleum gases: $581.9 million (down -63.8%)
  4. Coal, solid fuels made from coal: $304.9 million (down -59.4%)
  5. Electrical energy: $289.6 million (down -69.7%)
  6. Petroleum oil residues: $52.8 million (down -59.5%)
  7. Coke, semi-coke: $23.4 million (down -77.2%)
  8. Coal tar oils (high temperature distillation): $19.2 million (down -62.7%)
  9. Petroleum jelly, mineral waxes: $17.3 million (down -0.5%)
  10. Peat: $6.3 million (down -81.5%)

Among imports, Swedish purchases of distilled tar (up 3,700%), tar pitch and coke (up 383.1%) and natural bitumen, asphalt and shale (up 140.4%) grew at the fastest pace from 2011 to 2015.

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 Import Partners, Sweden’s Top 10 Exports, 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 April 20, 2016

The World Factbook, Country Profiles, Central Intelligence Agency. Accessed on April 20, 2016

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on April 20, 2016