Situated in Northern Europe, Sweden borders Norway and Finland and is linked to Denmark through the Öresund Bridge. Officially known as the Kingdom of Sweden, the nation plays a vital role in regional and global trade.

In 2024, Sweden's export value reached US$195.8 billion worldwide. That figure represents a 26.4% increase from $154.9 billion in 2020, though it marked a slight 1% decline year-over-year compared to 2023's $197.8 billion.

Sweden's top six export destinations were Germany, Norway, the United States, Denmark, Finland, and the United Kingdom. Together, these countries accounted for nearly 47% of Sweden's export sales in 2024.

From a geographic standpoint, about 72.1% of Sweden's export activity was directed to other European nations. Asia ranked second at 12.4%, while 10.9% went to buyers in North America. African importers represented 2%, Latin America (excluding Mexico but including the Caribbean) took 1.6%, and Oceania (mainly Australia and New Zealand) purchased around 1%. Notably, 53.1% of Sweden's export shipments stayed within the European Union.

Top 25 Importers of Swedish Goods in 2024

1.Germany – $19.6 billion (10%)

2.Norway – $18.8 billion (9.6%)

3.United States – $17.1 billion (8.7%)

4.Denmark – $13.2 billion (6.8%)

5.Finland – $13.1 billion (6.7%)

6.United Kingdom – $10.2 billion (5.2%)

7.Netherlands – $10.1 billion (5.2%)

8.Belgium – $9.1 billion (4.6%)

9.France – $7.9 billion (4.1%)

10.Poland – $7.5 billion (3.8%)

11.China – $7.2 billion (3.7%)

12.Italy – $5.7 billion (2.9%)

13.Spain – $4.3 billion (2.2%)

14.Canada – $2.7 billion (1.4%)

15.Japan – $2.3 billion (1.2%)

16.Türkiye – $2.3 billion (1%)

17.Austria – $2.3 billion (1%)

18.India – $1.96 billion (1%)

19.Estonia – $1.85 billion (0.9%)

20.Switzerland – $1.78 billion (0.9%)

21.Australia – $1.77 billion (0.9%)

22.South Korea – $1.76 billion (0.9%)

23.Czech Republic – $1.7 billion (0.9%)

24.Brazil – $1.6 billion (0.8%)

25.Lithuania – $1.5 billion (0.8%)

The above 25 partners made up 85.2% of Sweden's export value in 2024.

Fastest-growing buyers (2023–2024):

·India (+18.7%)

·Canada (+19.1%)

·Japan (+14.6%)

·Brazil (+11.8%)

Biggest declines were seen in:

·France (-8.6%)

·South Korea (-8.1%)

·Lithuania (-8.1%)

·Türkiye (-6.9%)

·Czech Republic (-6.4%)

Sweden's Export-Oriented Companies

For companies aiming to succeed in Sweden's export market, working with reliable partners is essential. Tools like Tendata allow businesses to search by HS code, track purchasing trends, and access verified buyer contacts—streamlining global expansion efforts.

For instance, in the cotton category, Tendata highlights the top 10 Swedish importers from January to September 2024, including:

1.H&M Hennes & Mauritz GBC AB – $18.69M (8.04%)

2.Rusta – $16.58M (7.14%)

3.Varner Supply AB – $11.03M (4.75%)

4.AB Lindex – $8.42M (3.62%)

5.Kid Sourcing AS – $8.19M (3.52%)

6.Varner Supply AB (Cubus) – $6.69M (2.88%)

7.Jysk AB – $6.14M (2.64%)

8.KappAhl Sverige AB – $6M (2.58%)

9.Mio AB – $5.25M (2.26%)

10.Gina Tricot AB – $4.87M (2.1%)

Whether you're a new exporter or an experienced trader, leveraging Sweden's export data can uncover opportunities, reduce risks, and accelerate growth. For more insights into Sweden's trade flows, request a free demo with Tendata today.