That dollar amount results from a 9% gain compared to $189.6 billion five years earlier in 2021.
Year over year, the overall value of Swedish exports increased by 5.6% from $195.8 billion for 2024.
Sweden’s 5 most valuable exported products are cars, medication mixes in dosage¸ processed petroleum oils, blood fractions including antisera, and automotive parts or accessories. Combined, that quintet of major Swedish exports represents one-fifth (20%) of the Scandinavian country’s total exports.
Based on the average exchange rate for 2025, the Swedish krona appreciated by 0.4% against the US dollar from 2024 to 2025. Sweden’s weaker local currency made its exports paid for in modestly weaker US dollars slightly more expensive for international buyers starting with American currency.
Biggest Trade Partners Buying Sweden’s Exports
The latest available country-specific data shows that 69.6% of products exported from Sweden was bought by importers in: Germany (9.9% of the Swedish total), Norway (9%), United States of America (8%), Denmark (7%), Finland (6.5%), United Kingdom (5.3%), Netherlands (4.9%), Belgium (4.7%), Poland (4.1%), France (4%), mainland China (3.2%) and Italy (2.8%).
From a continental perspective, 72.9% of Sweden’s exports by value was delivered to fellow European countries while 12.2% was sold to importers in Asia.
Sweden shipped another 10.4% worth of goods to buyers in North America.
Smaller percentages went to customers in Africa (2%), Latin America (1.6%) excluding Mexico but including the Caribbean, then Oceania (0.9%) led by Australia and New Zealand.
Note that over half (53.4%) of Sweden’s exports was bought by fellow members of the European Union, up modestly from 53.1% in 2024.
Given Sweden’s population of 10.7 million people, its total US$206.8 billion in 2025 exports translates to roughly $19,400 for every resident in the north European nation. That dollar metric exceeds the average $18,400 per capita in 2024.
Sweden’s Top 10 Exports
The following export product groups represent the highest dollar value in Swedish global shipments during 2025. Also shown is the percentage share each export category represents in terms of overall exports from Sweden.
- Machinery including computers: US$32.4 billion (15.7% of total exports)
- Vehicles: $26.9 billion (13%)
- Electrical machinery, equipment: $19.6 billion (9.5%)
- Pharmaceuticals: $14.9 billion (7.2%)
- Mineral fuels including oil: $13.7 billion (6.6%)
- Paper, paper items: $9.5 billion (4.6%)
- Plastics, plastic articles: $7.3 billion (3.5%)
- Iron, steel: $7.2 billion (3.5%)
- Fish: $5.7 billion (2.7%)
- Wood: $5.6 billion (2.7%)
Sweden’s top 10 export product categories generated over two-thirds (69.1%) of the overall value of total Swedish shipments.
Wood was the fastest grower among the top 10 export categories, up by 15.6% from 2024 to 2025.
In second place for improving export sales was machinery including computers via a 14.2% advance.
Sweden’s shipments of pharmaceuticals posted the third-fastest gain in value, up by 10.6%.
The lone decliner among Sweden’s top 10 export categories was mineral fuels including oil, thanks to a -1.9% year-over-year drop.
Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level. For a more granular view of exported goods at the four-digit HTS code level, explore the following section.
Searchable List of Sweden’s Most Valuable Export Products
The following searchable table displays 100 of the most in-demand goods shipped from Sweden during 2025. Shown beside each product label is its total export value then the percentage increase or decrease since 2024.
| Rank | Sweden's Export Product | Value (US$) | YoY |
|---|---|---|---|
| 1 | Cars | $13,596,103,000 | -8.7% |
| 2 | Medication mixes in dosage | $8,293,107,000 | +9.4% |
| 3 | Processed petroleum oils | $8,166,951,000 | -11.9% |
| 4 | Blood fractions (including antisera) | $6,108,261,000 | +14.2% |
| 5 | Automobile parts/accessories | $5,167,522,000 | +7.5% |
| 6 | Phone devices including smartphones | $4,515,738,000 | +7.1% |
| 7 | Sawn wood | $4,467,593,000 | +16% |
| 8 | Whole fish (fresh) | $4,167,109,000 | +5.6% |
| 9 | Unrefined copper | $3,412,445,000 | +19.9% |
| 10 | Engines (diesel) | $3,184,800,000 | +14.9% |
| 11 | Coated paper | $3,181,616,000 | -2.8% |
| 12 | Iron ores, concentrates | $2,746,548,000 | +5.3% |
| 13 | Tractors | $2,443,159,000 | +11.4% |
| 14 | Uncoated kraft paper | $2,311,811,000 | +5.3% |
| 15 | Chemical woodpulp (non-dissolving) | $2,292,695,000 | +7.8% |
| 16 | Trucks | $2,247,684,000 | +1.5% |
| 17 | Computers, optical readers | $2,210,942,000 | +12.5% |
| 18 | Electrical energy | $2,003,255,000 | +21.6% |
| 19 | Turbo-jets | $1,928,289,000 | +5.8% |
| 20 | Flat-rolled other alloy steel products | $1,832,066,000 | +3% |
| 21 | Insulated wire/cable | $1,817,133,000 | -5.3% |
| 22 | Other diagnostic/lab reagents | $1,811,267,000 | +18.6% |
| 23 | Machinery parts | $1,641,230,000 | +7.7% |
| 24 | Fork-lift trucks | $1,515,475,000 | +3.9% |
| 25 | Miscellaneous machinery | $1,478,521,000 | +6.1% |
| 26 | Coal tar oils (high temperature distillation) | $1,472,091,000 | -25.3% |
| 27 | Miscellaneous furniture | $1,468,411,000 | +4.9% |
| 28 | Temperature-change machines | $1,270,259,000 | +6.6% |
| 29 | Uncoated paper for writing/printing | $1,267,636,000 | -10.3% |
| 30 | Electrical converters/power units | $1,242,185,000 | -3.2% |
| 31 | Centrifuges, filters and purifiers | $1,216,151,000 | +12% |
| 32 | Ethylene polymers | $1,162,887,000 | +7.1% |
| 33 | Liquid pumps and elevators | $1,141,562,000 | +21.9% |
| 34 | Natural polymers | $1,134,409,000 | +30.7% |
| 35 | Automobile bodies | $1,103,132,000 | +3.3% |
| 36 | Refrigerators, freezers | $1,055,243,000 | +19.3% |
| 37 | Gold (unwrought) | $1,035,700,000 | +35.4% |
| 38 | Physical/chemical analysis tools | $1,033,408,000 | +17.8% |
| 39 | Flat-rolled stainless steel items | $1,013,159,000 | -3.1% |
| 40 | Fish fillets, pieces | $979,627,000 | +1.1% |
| 41 | Pneumatic hand tool | $976,817,000 | -2.9% |
| 42 | Miscellaneous plastic items | $975,092,000 | +11.5% |
| 43 | Taps, valves, similar appliances | $974,910,000 | +14.4% |
| 44 | Electric motors, generators | $943,380,000 | +10.4% |
| 45 | Electrical/optical circuit boards, panels | $915,211,000 | +23.2% |
| 46 | Nuclear reactors, fuel elements | $903,987,000 | +19.7% |
| 47 | Aircraft, spacecraft | $888,518,000 | +83.1% |
| 48 | Move/grade/scrape/boring machinery | $830,357,000 | +3.2% |
| 49 | TV receivers/monitors/projectors | $816,795,000 | +8.8% |
| 50 | Electro-medical equip (e.g. xrays) | $797,814,000 | +18.4% |
| 51 | Lower-voltage switches, fuses | $780,906,000 | +8.4% |
| 52 | Miscellaneous iron or steel items | $772,522,000 | +11.5% |
| 53 | Dishwashing, clean/dry/fill machines | $769,170,000 | +10% |
| 54 | Bread, biscuits, cakes, pastries | $759,979,000 | +15.8% |
| 55 | Electrical machinery | $751,536,000 | +7.5% |
| 56 | Cellulose fiber paper | $728,085,000 | +6.2% |
| 57 | Lifting/loading machinery | $725,913,000 | +11.8% |
| 58 | Electric water heaters, hair dryers | $693,843,000 | +8.6% |
| 59 | Chocolate, other cocoa preparations | $691,433,000 | +18.4% |
| 60 | High-voltage switches, fuses | $682,904,000 | +15.8% |
| 61 | Other food preparations | $682,592,000 | +14% |
| 62 | Aluminum (unwrought) | $675,337,000 | +20.8% |
| 63 | Transmission shafts, gears, clutches | $662,524,000 | +11.6% |
| 64 | Petroleum gases | $659,753,000 | -10.8% |
| 65 | Tobacco or nicotine substitutes | $655,630,000 | +19.2% |
| 66 | Vulcanized rubber items | $644,223,000 | +9% |
| 67 | Electric storage batteries | $638,198,000 | +12.7% |
| 68 | Seats (excluding barber/dentist chairs) | $635,025,000 | +10.8% |
| 69 | Granules of iron or steel | $615,200,000 | +18.3% |
| 70 | Beauty/makeup/skin care preparations | $601,281,000 | +12.9% |
| 71 | Alcohol (including spirits, liqueurs) | $566,544,000 | +8.2% |
| 72 | Plastic packing goods, lids, caps | $565,073,000 | +4.2% |
| 73 | Miscellaneous engines, motors | $564,778,000 | +12.2% |
| 74 | Copper wire | $556,738,000 | +17.6% |
| 75 | Iron or steel scrap | $554,204,000 | -4.5% |
| 76 | Miscellaneous iron and steel structures | $553,729,000 | +13.3% |
| 77 | Piston engine parts | $514,188,000 | -0.3% |
| 78 | Microphones/headphones/amps | $508,973,000 | -0.6% |
| 79 | Zinc ores, concentrates | $508,010,000 | +12.8% |
| 80 | Ball, roller bearings | $507,984,000 | -1.1% |
| 81 | Plastic plates, sheets, film, tape, strips | $500,955,000 | +6.4% |
| 82 | Radar, radio communication items | $500,528,000 | +8.1% |
| 83 | Precious metal waste, scrap | $498,303,000 | +123.5% |
| 84 | Hormones, miscellaneous steroids | $481,541,000 | -34.5% |
| 85 | Heterocyclics, oxygen | $476,523,000 | +90.8% |
| 86 | Tissues, napkins, toilet paper | $476,097,000 | +2.5% |
| 87 | Piston engines | $473,036,000 | +2.3% |
| 88 | Initiators/accelerators, catalytic preps | $470,291,000 | -17.1% |
| 89 | Other measuring/testing machines | $462,950,000 | +8.3% |
| 90 | Plastic tubes, pipes, fittings | $460,424,000 | +13.4% |
| 91 | Electric generating sets, converters | $457,958,000 | +112.1% |
| 92 | Aluminum plates, sheets, strips | $457,158,000 | +21.5% |
| 93 | Margarine | $455,793,000 | +25.3% |
| 94 | Sanitary towels, baby napkins/liners | $449,207,000 | +2.8% |
| 95 | Iron or steel tubes, pipes | $447,335,000 | +17.5% |
| 96 | Solar power diodes/semi-conductors | $446,475,000 | +16.4% |
| 97 | Orthopedic appliances | $445,670,000 | +9.1% |
| 98 | Iron and steel screws, bolts, nuts, washers | $440,478,000 | +10.2% |
| 99 | Pig iron granules, powders | $436,333,000 | +0.9% |
| 100 | Chassis fitted with engine | $432,865,000 | -4.9% |
These 100 exported goods were worth a subtotal of US$145.5 billion or 70.4% by value for all products exported from Sweden during 2025.
Products Generating Sweden’s Biggest Trade Surpluses
Sweden earned an overall US$4.7 billion trade surplus for 2025, reducing by -31.1% from $6.8 billion of black ink one year earlier in 2024.
The following types of Swedish product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.
In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.
- Paper, paper items: US$7.5 billion (Down by -2.9% since 2024)
- Pharmaceuticals: $6.4 billion (Up by 4.4%)
- Machinery including computers: $5.3 billion (Up by 14.1%)
- Vehicles: $4.4 billion (Down by -33.3%)
- Wood: $2.8 billion (Up by 19.9%)
- Iron, steel: $2.7 billion (Down by -2.1%)
- Woodpulp: $2.5 billion (Up by 8.3%)
- Copper: $2.3 billion (Up by 36.2%)
- Ores, slag, ash: $1.7 billion (Down by -2.7%)
- Gems, precious metals: $1.2 billion (Up by 39.5%)
Sweden has highly positive net exports in the international trade of pulp and paper. In turn, these cashflows indicate Sweden’s strong competitive advantages under the paper and related products category.
Products Causing Sweden’s Worst Trade Deficits
Below are exports from Sweden that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Sweden’s goods trail Swedish importer spending on foreign products.
- Electrical machinery, equipment: -US$7 billion (Up by 17.9% since 2024)
- Mineral fuels including oil: -$3 billion (Down by -46.4%)
- Inorganic chemicals: -$1.8 billion (Down by -10.8%)
- Meat: -$1.5 billion (Up by 45.2%)
- Articles of iron or steel: -$1.4 billion (Up by 61.5%)
- Knit or crochet clothing, accessories: -$1.3 billion (Up by 18.7%)
- Fruits, nuts: -$1.2 billion (Up by 26.5%)
- Beverages, spirits, vinegar: -$1.14 billion (Up by 25.3%)
- Clothing, accessories (not knit or crochet): -$1.11 billion (Up by 23.4%)
- Furniture, bedding, lighting , signs, prefab buildings: -$906 million (Up by 87.9%)
Sweden has highly negative net exports and therefore deep international trade deficits under the electrical machinery and equipment product category.
These cashflow deficiencies clearly indicate Sweden’s competitive disadvantages in the international electronics market, but also represent key opportunities for Sweden to improve its position in the global economy through focused innovations.
Sweden’s Major Export Companies
Twenty-six corporations rank among Forbes Global 2000. Below is a sample of the major Swedish companies that Forbes included.
According to global trade intelligence firm Zepol, the following smaller exporters from Sweden.
- Bulten Sweden (automotive parts, screws/bolts/nuts)
- First Cargo Sweden (automobiles, bicycles, rubber tires)
- Gelita Sweden (gelatin, salted/smoked meat, peptones/other proteins)
- Kappahl (textile footwear, clothing)
- Kendrion Hagalund (automotive parts, smoking tobacco, titanium dioxide pigments)
In macroeconomic terms, Sweden’s total exported goods represent 25.9% of its overall Gross Domestic Product for 2025 ($799.7 billion valued in Purchasing Power Parity US dollars). That 25.9% for exports to overall GDP in PPP for 2025 compares to 25.6% one year earlier. The latest percentage suggests a relatively increasing reliance on products sold on international markets for Sweden’s total economic performance, albeit based on a short timeframe.
Another key indicator of a country’s economic performance is its unemployment rate. Sweden’s unemployment rate averaged 8.225% for 2025, down from an average 8.35% in 2024 according to International Monetary Fund statistics.
Sweden’s capital city is Stockholm.
See also Sweden’s Top 10 Imports, Sweden’s Top Trading Partners and European Union’s Top 10 Exports
Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles, Central Intelligence Agency. Accessed on April 15, 2026
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 15, 2026
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 15, 2026
International Trade Centre, Trade Map. Accessed on April 15, 2026
Investopedia, Net Exports Definition. Accessed on April 15, 2026
Wikipedia, Gross domestic product. Accessed on April 15, 2026
Wikipedia, List of Companies of Sweden. Accessed on April 15, 2026
Wikipedia, Purchasing power parity. Accessed on April 15, 2026
Wikipedia, Sweden. Accessed on April 15, 2026
X-rates.com, Exchange Rates: Swedish Krona to US Dollar (monthly average 2025). Accessed on April 15, 2026
Zepol’s company summary highlights by country. Accessed on April 15, 2026