The United States imported $12.5 billion worth of Swedish goods in 2020. The key imported goods from Sweden into the US were transportation equipment, chemicals, non-electrical machinery totaling over $2 billion each followed by computer and electronic products at $814 million.
What do we import from Sweden?
Sweden imports mainly machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing. Its principal import partners are European Union countries (Germany, Denmark, Netherlands, Finland), Norway and China.
What does Sweden trade with America?
Major categories of U.S. exports to Sweden include aerospace/defense, automotive aftermarket, telecommunications equipment, healthcare/life sciences, information technologies, safety/security, clean-tech, industrial machines, and renewable energy.
What is the main export of Sweden?
Main Swedish exports include machinery and transport equipment, chemical and rubber products, food, clothing, textiles and furniture, and wood products. Exports and investments are rapidly increasing, and the Swedish export market is expected to grow by 8% each year through 2013.
What does Sweden produce the most?
Wheat, barley, sugar beets, oilseeds, potatoes, and staple vegetables dominate in the south, while in the north hay and potatoes are the main crops. In Sweden as a whole, animal agriculture is more significant than cereal farming.
Where does Sweden get its money from?
The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade.
In what country are Swedish exports manufactured?
Chemicals and textiles are other groups of imported goods. Germany is the main supplier of Sweden’s imports, followed by the Netherlands, Norway, Denmark, the United Kingdom, and Finland.
Does the US protect Sweden?
Under a comprehensive mandate, Sweden’s nonalignment policy has led it to serve as the protecting power for the United States and to represent Washington in North Korea on consular matters. …
Does the US give Sweden money?
Sweden is the sixth largest donor, with ODA at US$6.3 billion in 2020 (current prices, US$6.1 billion in constant 2019 prices). Sweden is, however, the largest donor in proportion to the size of its economy: the country spent 1.14% of its gross national income (GNI) on official development assistance (ODA) in 2020.
Are Sweden and the US allies?
Sweden was one of the first countries to recognize U.S. independence in 1783 and the two countries have maintained a strong bilateral friendship since then, based on shared values and mutual interests.
What goods are exported imported from Sweden?
Sweden’s Top 10 Exports
- Machinery including computers: US$24.5 billion (15.7% of total exports)
- Vehicles : $21.3 billion (13.7%)
- Electrical machinery, equipment: $15.4 billion (9.9%)
- Pharmaceuticals: $11.6 billion (7.5%)
- Paper, paper items: $8.4 billion (5.4%)
- Mineral fuels including oil: $7.6 billion (4.9%)
What economic system does Sweden have?
Sweden has a mixed economic system in which there is a variety of private freedom, combined with centralized economic planning and government regulation. Sweden is a member of the European Union (EU).
Who does Sweden import from the most?
In 2020, the biggest trading partner for importing goods into Sweden was Germany. Goods worth of roughly 249 billion Swedish kronor were imported into Sweden that year. With a value of around 135 billion kronor, the second most goods were imported from the Netherlands.
Why is Sweden’s economy so good?
‘ According to the World Bank, a key feature of the Swedish economy is its openness and liberal approach to trade and doing business. Sweden has traditionally been an export-orientated nation, and typically maintains a trade surplus, i.e. the value of goods and services it exports is greater than the value of imports.
Why is Sweden so rich?
How did Sweden get so rich? Sweden only started to really accumulate wealth as it started to industrialise sometime in the mid-19th century. … Through luck and well-placed geography, Sweden had the kind of natural resources (iron ore and wood) needed when countries like Britain and Germany industrialised.
What products are made in Sweden?
Share this article
- Cheap Monday. Swedish fashion become synonymous with this rock inspired, old school brand in recent years. …
- Acne Jeans. Acne Jeans is slightly older than Cheap Monday, and another popular fashion export out of Sweden. …
- Hasselblad camera. …
- Koenigsegg. …
- Filippa K. …
- WESC. …
- Absolut Vodka. …