This is everything Sweden buys from the world
In 2024, Sweden imported SEK 2.01tn worth of goods from its trading partners, and sold SEK 2.06tn back to them.
The result was a trade surplus of SEK 55.8bn. Everything that follows is where that money actually went.
Imports: SEK 2.01tn · Exports: SEK 2.06tn
Machinery and transport equipment leads the import bill
Machinery and transport equipment is Sweden's largest import category at SEK 740.2bn — 38.5% of everything the country imports.
The next beats show who Sweden buys that from, and how much of the total sits with just a handful of partners.
- Machinery and transport equipment — SEK 740.2bn (38.5%)
- Chemicals and related products, n.e.s. — SEK 238.9bn (12.4%)
- Manufactured goods classif. by material — SEK 237.4bn (12.3%)
- miscellaneous manufactured articles — SEK 212.3bn (11.0%)
- Mineral fuels, lubric. and related materials — SEK 210.2bn (10.9%)
- food and live animals — SEK 185.6bn (9.6%)
- crude materials, inedible, except fuels — SEK 64.0bn (3.3%)
- beverages and tobacco — SEK 21.1bn (1.1%)
- animal and vegetable oils,fats and waxes — SEK 12.6bn (0.7%)
- goods not classified elsewhere — SEK 1.2bn (0.1%)
Germany is Sweden's single biggest supplier
Sweden imported SEK 322.5bn from Germany in 2024 alone — 16.1% of everything the country bought from abroad.
The next nine partners on this list account for most of the rest — and that clustering is exactly the concentration risk the next beat measures.
- Germany — SEK 322.5bn (16.1%)
- Kingdom of the Netherlands — SEK 223.6bn (11.1%)
- Norway — SEK 200.5bn (10.0%)
- Denmark — SEK 133.4bn (6.6%)
- China — SEK 104.9bn (5.2%)
- Finland — SEK 101.3bn (5.0%)
- Belgium — SEK 95.4bn (4.8%)
- Poland — SEK 91.2bn (4.5%)
- United Kingdom — SEK 74.0bn (3.7%)
- United States of America — SEK 71.5bn (3.6%)
Five countries, 49.1% of the bill
Sweden's top 5 trading partners account for 49.1% of all imports — 70.7% once you count the top 10.
The Herfindahl-Hirschman Index across all partners sits at 689 — a fairly diversified supplier base by that standard measure. The same pattern shows up in goods: the top 5 import categories make up 85.2% of the total.
Top 5 partners: 49.1% · Everyone else: 50.9%
Imports and exports, 1998–2024
Sweden has swung between trade surplus and deficit over this period. In 2024, the balance was a surplus of SEK 55.6bn.
- 1998 — Imports SEK 545.0bn, Exports SEK 675.1bn
- 1999 — Imports SEK 568.1bn, Exports SEK 700.8bn
- 2000 — Imports SEK 672.4bn, Exports SEK 804.2bn
- 2001 — Imports SEK 662.7bn, Exports SEK 806.5bn
- 2002 — Imports SEK 656.7bn, Exports SEK 805.8bn
- 2003 — Imports SEK 679.3bn, Exports SEK 825.8bn
- 2004 — Imports SEK 738.9bn, Exports SEK 904.5bn
- 2005 — Imports SEK 833.8bn, Exports SEK 977.3bn
- 2006 — Imports SEK 939.5bn, Exports SEK 1.09tn
- 2007 — Imports SEK 1.03tn, Exports SEK 1.14tn
- 2008 — Imports SEK 1.10tn, Exports SEK 1.19tn
- 2009 — Imports SEK 911.3bn, Exports SEK 995.2bn
- 2010 — Imports SEK 1.07tn, Exports SEK 1.14tn
- 2011 — Imports SEK 1.15tn, Exports SEK 1.21tn
- 2012 — Imports SEK 1.11tn, Exports SEK 1.17tn
- 2013 — Imports SEK 1.05tn, Exports SEK 1.09tn
- 2014 — Imports SEK 1.11tn, Exports SEK 1.13tn
- 2015 — Imports SEK 1.17tn, Exports SEK 1.18tn
- 2016 — Imports SEK 1.21tn, Exports SEK 1.19tn
- 2017 — Imports SEK 1.32tn, Exports SEK 1.30tn
- 2018 — Imports SEK 1.48tn, Exports SEK 1.44tn
- 2019 — Imports SEK 1.50tn, Exports SEK 1.52tn
- 2020 — Imports SEK 1.38tn, Exports SEK 1.43tn
- 2021 — Imports SEK 1.61tn, Exports SEK 1.63tn
- 2022 — Imports SEK 2.05tn, Exports SEK 2.00tn
- 2023 — Imports SEK 2.05tn, Exports SEK 2.10tn
- 2024 — Imports SEK 2.01tn, Exports SEK 2.06tn
Year-over-year swings, 1999–2024
Imports moved down 0.0% year-over-year in 2024.
- 1999 — Imports +0.0%, Exports +0.0%
- 2000 — Imports +0.2%, Exports +0.1%
- 2001 — Imports -0.0%, Exports +0.0%
- 2002 — Imports -0.0%, Exports -0.0%
- 2003 — Imports +0.0%, Exports +0.0%
- 2004 — Imports +0.1%, Exports +0.1%
- 2005 — Imports +0.1%, Exports +0.1%
- 2006 — Imports +0.1%, Exports +0.1%
- 2007 — Imports +0.1%, Exports +0.0%
- 2008 — Imports +0.1%, Exports +0.0%
- 2009 — Imports -0.2%, Exports -0.2%
- 2010 — Imports +0.2%, Exports +0.1%
- 2011 — Imports +0.1%, Exports +0.1%
- 2012 — Imports -0.0%, Exports -0.0%
- 2013 — Imports -0.1%, Exports -0.1%
- 2014 — Imports +0.1%, Exports +0.0%
- 2015 — Imports +0.1%, Exports +0.0%
- 2016 — Imports +0.0%, Exports +0.0%
- 2017 — Imports +0.1%, Exports +0.1%
- 2018 — Imports +0.1%, Exports +0.1%
- 2019 — Imports +0.0%, Exports +0.1%
- 2020 — Imports -0.1%, Exports -0.1%
- 2021 — Imports +0.2%, Exports +0.1%
- 2022 — Imports +0.3%, Exports +0.2%
- 2023 — Imports -0.0%, Exports +0.0%
- 2024 — Imports -0.0%, Exports -0.0%
National-scale volatility, company-scale exposure
A country the size of Sweden tracks this — thousands of suppliers, shifting shares, real concentration risk — with a national statistics office and a monthly reporting cycle. A mid-market company carries the same exposure on a spreadsheet nobody has time to rebuild every week.
This is the analysis Norvenzia runs continuously for a single business: Spend Analysis to see where the money actually goes, Vendor Performance to track who's reliable, Inventory Analytics and Demand Planning to catch concentration risk before it becomes a disruption. The rigor above is the same rigor we apply — the difference is we run it for one company, every week, not once for a whole nation.