United States (USA) and Sweden (SWE) Trade

2022

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Exports $7.08BRnk 41 / 219

2022

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About

United States-Sweden In 2022, United States exported $7.08B to Sweden. The main products that United States exported to Sweden are Crude Petroleum ($1.26B), Vaccines, blood, antisera, toxins and cultures ($740M), and Petroleum Gas ($504M). During the last 27 years the exports of United States to Sweden have increased at an annualized rate of 2.8%, from $3.36B in 1995 to $7.08B in 2022.

In 2017, United States exported services to Sweden worth $6.39B, with Other business services ($2.01B), Travel ($1.63B), and Financial services ($954M) being the largest in terms of value.

Sweden-United States In 2022, Sweden exported $17.8B to United States. The main products that Sweden exported to United States were Cars ($3.4B), Packaged Medicaments ($1.29B), and Vaccines, blood, antisera, toxins and cultures ($1.18B). During the last 27 years the exports of Sweden to United States have increased at an annualized rate of 3.92%, from $6.3B in 1995 to $17.8B in 2022.

In 2020, Sweden exported services to United States worth $7.91B, with Computer and information services ($2.3B), Other business services ($2.12B), and Royalties and license fees ($1.72B) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (125k), ROBERT BOSCH TOOL CORPORATION (7.1k), and ABB MOTORS AND MECHANICAL INC (2.58k) were at the forefront of exporting goods from Sweden to the United States. Conversely, AB GYLLENSVAANS MOEBLER (117k), PROFILGRUPPEN EXTRUSIONS AB (7.1k), and HEDLUNDA INDUSTRI AB (4.44k) were notable for importing Sweden products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $600M and imported $1.48B from Sweden, resulting in a negative trade balance of $882M. Between January 2023 and January 2024 the exports of United States have decreased by $-180M (-23.1%) from $780M to $600M, while imports decreased by $-29.8M (-1.97%) from $1.51B to $1.48B.

Trade In January 2024, the top exports of United States to Sweden were Crude Petroleum ($199M), Vaccines, blood, antisera, toxins and cultures ($63.8M), Petroleum Gas ($62.1M), Commodities not elsewhere specified ($44.5M), and Refined Petroleum ($41.3M). In January 2024 the top imports of United States from Sweden were Cars ($330M), Vaccines, blood, antisera, toxins and cultures ($188M), Refined Petroleum ($53.9M), Kaolin Coated Paper ($41.6M), and Sawn Wood ($38.4M).

Origins In January 2024 the exports of United States were mainly from Texas ($156M), North Carolina ($68.4M), California ($57.6M), Ohio ($33.1M), and Illinois ($32.6M), while imports destinations were mainly North Carolina ($332M), New Jersey ($150M), Ohio ($133M), Illinois ($123M), and Pennsylvania ($105M).

Growth In January 2024, the decrease in United States's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Office Machine Parts ($-16.9M or -90%), Explosive Ammunition ($-6.21M or -90.6%), and Tall Oil ($-5.89M or -45.7%). In January 2024, the decrease in United States's year-by-year imports from Sweden was explained primarily by an decrease in product imports in Packaged Medicaments ($-33.6M or -53.5%), Scrap Iron ($-21.4M or -99.7%), and Refined Petroleum ($-20.4M or -27.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-180M(-23.1%)

IMPORT GROWTH (January 2023 - January 2024)$-29.8M(-1.97%)

MAIN EXPORTER (January 2024)Texas$156M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Sweden and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $7.08B to Sweden. The main products exported from United States to Sweden were Crude Petroleum ($1.26B), Vaccines, blood, antisera, toxins and cultures ($740M), and Petroleum Gas ($504M). During the last 27 years the exports of United States to Sweden have increased at an annualized rate of 2.8%, from $3.36B in 1995 to $7.08B in 2022.

In 2022, Sweden exported $17.8B to United States. The main products exported from Sweden to United States were Cars ($3.4B), Packaged Medicaments ($1.29B), and Vaccines, blood, antisera, toxins and cultures ($1.18B). During the last 27 years the exports of Sweden to United States have increased at an annualized rate of 3.92%, from $6.3B in 1995 to $17.8B in 2022.

Exports from United States () to Sweden () (2022)

Exports from Sweden () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Sweden
Top DestinationGermany$19.2B

This map shows whether countries import more from United States or Sweden. Each country is colored based on the difference in imports they receive from United States and Sweden or the difference in the growth in imports.

In 2021, countries that imported more from United States than Sweden were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Sweden than United States were Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

Difference in imports from Sweden () and United States () (2022)

Comparative Advantage United States - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Sweden by product, considering products traded by both, United States and Sweden.

During 2022, United States had a large net trade with Sweden in the exports of Mineral Products ($2.24B), Chemical Products ($1.52B), and Machines ($1.24B).

During 2022, Sweden had a large net trade with United States in the exports of Machines ($3.97B), Transportation ($3.94B), and Chemical Products ($2.94B).

Service Trade

Bilateral Service Trade

Swe Year

Usa Year

In 2017, United States exported services to Sweden worth $6.39B, with Other business services ($2.01B), Travel ($1.63B), and Financial services ($954M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Sweden () (2017)

Services Exports from Sweden () to United States () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over United States.

Product Space of United States () and Sweden () (2022)

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