With a population of some 9 million, Sweden exported US$13.8 billion worth of merchandise to the United States in 2006, up 0.1% from 2005 and up 50% since 2002.
Swedish imports from the U.S. rose 11% to $4.1 billion in 2006, up 30.8% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Sweden was $9.7 billion in 2006, up 60.2% from 2002. The U.S. trade deficit with Sweden decreased 3.9% in 2006 – down from the 7.3% deficit increase in 2005 from the year earlier.
Swedish Exports to U.S.
Of the $13.8 billion in American imports from Sweden in 2006, the following product categories had the highest values.
- Medicinal, dental & pharmaceutical preparations …US$2.7 billion (19.3% of Swedish to U.S. exports, up 29.9% from 2005)
- New & used passenger cars … $2 billion (14.2%, down 16.4%)
- Telecommunications equipment … $672.6 million (4.9%, down 49.8%)
- Other petroleum products … $600.2 million (4.3%, up 75.2%)
- Other industrial machinery … $485 million (3.5%, up 0.4%)
- Semi-finished iron & steel mill products … $481.5 million (3.5%, up 9.8%)
- Materials handling equipment … $424.9 million (3.1%, down 7%)
- Alcoholic beverages other than wine … $378.1 million (2.7%, down 3.3%)
- Other scientific, medical & hospital equipment … $366.9 million (2.7%, up 11.5%)
- Photo & service industry machinery & tools … $341.6 million (2.5%, down 1.8%).
Fastest-Growing Swedish Exports to U.S.
Below are American imports from Sweden in 2006 with the highest percentage sales increases from 2005.
- Plywood & veneers … US$9 million (up 441% from 2005)
- Other military equipment … $32.3 million (up 331%)
- Notions, writing & art supplies … $70.3 million (up 260%)
- Nickel … $8.3 million (up 106%)
- Miscellaneous non-ferrous metals … $4.4 million (up 101%).
Swedish Imports from U.S.
Of the $4.1 billion in American exports to Sweden in 2006, the following product categories had the highest values.
- Other household products …US$393.2 million (9.5% of Swedish to U.S. exports, up 30.4% from 2005)
- Semiconductors … $234.8 million (5.7%, up 123.7%)
- Telecommunications equipment … $206.4 million (5%, up 49.2%)
- Minimum value shipments … $202 million (4.9%, up 11%)
- Other vehicle parts & accessories … $164.9 million (4%, up 5.1%)
- Medical equipment … $150.6 million (3.7%, up 15.9%)
- Pharmaceutical preparations … $149.2 million (3.6%, up 3.6%)
- Civilian aircraft engines … $130.4 million (3.2%, up 12.9%)
- Electric apparatus … $92.6 million (2.2%, up 9.9%)
- Other industrial machines … $91.1 million (2.2%, up 2.5%).
Fastest-Growing Swedish Imports from U.S.
Below are American exports to Sweden in 2006 with the highest percentage sales increases from 2005.
- Military trucks & armored vehicles … US$1.9 million (up 187% from 2005)
- Semiconductors … $234.8 million (up 124%)
- Shingles, molding & wallboard … $3.9 million (up 106%)
- Other non-ferrous metals … $43.1 million (up 105%)
- Organic chemicals … $65.5 million (up 104%).
See also Sweden's Top Imports & Exports 2008.
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
Daniel Workman - A senior business and finance writer who also does French translations, notably international trade and insurance materials.
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