Swedish foreign trade increasing

14:45 - 28 Mar 2017 / News

According to a new report from the Swedish National Board of Trade, Swedish international trade in goods increased during the year compared to 2015. Exports rose by 1.1 per cent and imports by 3.2 per cent.

With Volvo Cars as a neighbour, the port has an obvious role to play as the largest shipping port in Sweden for cars. There are also significant volumes of imported vehicles of different makes.

The substantial increase in both exports and imports during the final months of the year led to goods exports in 2016 increasing by 1.1 per cent in terms of value and imports by 3.2 per cent.

Growth was bolstered mainly by trade within the EU whilst there was a downturn in trade with countries outside the EU.

Strong year for cars and food
In terms of volume, both exports and imports in all goods categories increased. In terms of value, passenger cars reported particularly strong figures, with car exports growing by 20 per cent and imports by 15 per cent. Food exports increased by almost 10 per cent and imports by 8 per cent.

Read more: Rise in freight volumes in the Port of Gothenburg

Magnus Kårestedt, CEO at the Port of Gothenburg.

The Port of Gothenburg is the largest port in Scandinavia and the centre for Swedish foreign trade.

"Almost one-third of Swedish exports pass through the port and we noticed a marked rise in trade last year. Cars, roro and energy products increased during last year, with car exports leading the way with a rise of 15 per cent,” said Magnus Kårestedt, Gothenburg Port Authority Chief Executive.

Germany the biggest trading partner
Germany and Norway continue to be Sweden’s most important export markets for goods, and this year Germany took over from Norway as our biggest trading partner. The USA fell back slightly but still remains in third place. Trade with the United Kingdom has fallen substantially, down 15 per cent, due largely to the low price of crude oil. The United Kingdom is now Sweden’s sixth-largest export market for goods.

Click here to see the report on Swedish foreign trade in 2016 (swedish only).

Sweden’s most important trading partners in 2016
Goods exports:
1. Germany 
2. Norway 
3. USA 
4. Denmark 
5. Finland

Goods imports:
1. Germany
2. Netherlands
3. Norway
4. Denmark
5. United Kingdom

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