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Sweden is an export-oriented market economy. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden's engineering sector accounts for 50% of output and exports. Telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Overview: In 2019 Sweden was the number 24 economy in the world in terms of GDP (current US$), the number 32 in total exports, the number 31 in total imports, the number 14 economy in terms of GDP per capita (current US$) and the number 8 most complex economy according to the Economic Complexity Index (ECI) 44.2 Exports % of GDP 2020 Sweden % of GDP: Exports % of GDP 2001-2020 Sweden (red) Exports % of GDP 2020 Sweden (red) Find all indicators on Economy. Education Sweden services export is 74,425,960,958 in BoP, current US$ and services import is 72,734,673,551 in Bop, current US$.Sweden exports of goods and services as percentage of GDP is 45.79% and imports of goods and services as percentage of GDP is 43.29%.

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Sweden is an export-oriented mixed economy featuring a modern distribution system, excellent internal and external communications, and a skilled labor force. Timber, hydropower and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Sweden's engineering sector accounts for 50% of output and exports. In macroeconomic terms, Sweden’s total exported goods represent 28.2% of its overall Gross Domestic Product for 2020 ($551.5 billion valued in Purchasing Power Parity US dollars). That 28.2% for exports to overall GDP in PPP for 2020 compares to 28.5% one year earlier. Economy of Sweden – Overview Sweden is currently ranked the 32nd largest export economy in the world and its annual export total of $162 billion (less total imports of $160 billion) means that it has a positive trade balance of $2.37 billion. Map of Sweden via Wikimedia (public domain) In macroeconomic terms, Sweden’s total exported goods represent 28.2% of its overall Gross Domestic Product for 2020 ($551.5 billion valued in Purchasing Power Parity US dollars).

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In the early 1990s, the Swedish GDP decreased, which caused Sweden to fall in GDP rankings. Since then, however, the growth rate of the Swedish economy has been relatively good compared to that of other countries, once again narrowing the gap in GDP between Sweden and other Exports of goods and services (% of GDP) - Sweden. World Bank national accounts data, and OECD National Accounts data files. Sweden: Exports of goods and services as percent of GDP: For that indicator, we provide data for Sweden from 1960 to 2019.

Furthermore, the development of export orders indicates that the growth of exports will also be weak in the first six months of 2012. However, growth is expected to increase slightly during the second six months of Before you export, it is also important to check whether the importing country has any regulations that apply to you as an exporter. For more information, contact Business Sweden - the Swedish Trade & Invest Council. The EU has signed a number of free trade agreements with various countries. The distribution gives the percentage contribution to total GDP of household consumption, government consumption, investment in fixed capital, investment in inventories, exports of goods and services, and imports of goods and services, and will total 100 percent of GDP if the data are complete. Sweden Exports chart, historic, and current data. Current Sweden Exports is 44.27% GDP. GDP > Composition, by end use > Exports of goods and services: This entry is derived from Economy > GDP > Composition, by end use, which shows who does the spending in an economy: consumers, businesses, government, and foreigners.
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The U.S. exported $5.6 billion in services to Sweden in 2017 and imported $3.2 billion, a trade surplus of $2.4 billion.

- For customs and logistics industry there will be a significant change. Over 50% of Sweden's GDP is dependent on our exports.
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Location | Sweden The US actually became Vietnam's leading export market in the January to May period, with an export turnover of As per IMF data, Vietnam's GDP is expected to grow by 2.7% in 2020 vs 7% in 2019.