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Bordering Norway and Finland and connected to Denmark via a bridge-tunnel, Sweden is a country in northern Europe. Its official name is the Kingdom of Sweden.

Sweden exported US$206.8 billion worth of products around the world in 2025, up 9% compared to $189.6 billion five years earlier in 2021.

Year over year, the overall value of Swedish exports grew by 5.6% from $195.8 billion for 2024.

Sweden’s 6 biggest trading partners are Germany, Norway, United States of America, Denmark, Finland and the United Kingdom. Combined, that half-dozen of leading customers for Sweden’s exported products approached half (45.9%) of the total value for all Swedish exports in 2025.

Applying a continental lens, approaching three-quarters 72.9% of Sweden’s exports by value was delivered to fellow European countries while 12.2% was sold to importers in Asia.

Note that over half (53.4%) of Sweden’s exports was bought by fellow members of the European Union, up from 53.1% in 2024.

Sweden shipped another 10.4% worth of goods to buyers in North America.

Smaller percentages went to customers in Africa (2%), Latin America (1.6%) excluding Mexico but including the Caribbean, then Oceania (0.9%) led by Australia and New Zealand.

Well over four-fifths (84.7%) of Swedish exports in 2025 was delivered to the above 25 trade partners.

The strongest growers among Sweden’s top customers from 2024 to 2025 were: Switzerland (up 49.8%), Canada (up 32.2%), Czech Republic (up 26%), Lithuania (up 17.4%) and Japan (up 16.7%).

The six decliners were importers in mainland China (down -8.1% from 2024), Australia (down -6.5%), Estonia (down -2.8%), United States of America (down -2.5%), Norway (down -1%) and the Netherlands (down -0.7%).

As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.

It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.

Sweden incurred the highest trade deficits with the following countries.

Among Sweden’s trading partners that cause the greatest negative trade balances, Swedish deficits with Italy (up 104.4%), Vietnam (up 33.5%) and mainland China (up 30.7%) grew at the fastest pace from 2024 to 2025.

These cashflow deficiencies clearly indicate Sweden’s competitive disadvantages with the above countries, but also represent key opportunities for Sweden to develop country-specific strategies to strengthen its overall position in international trade.

Sweden generated an overall US$6.3 billion trade surplus for 2025, declining by -7.6% from $6.8 billion of black ink one year earlier in 2024.

Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.

Sweden incurred the highest trade surpluses with the following countries.

Among Sweden’s trading partners that generate the greatest positive trade balances, Swedish surpluses with Norway (up 161.5%), United Arab Emirates (up 92.4%) and Russia (up 79.2%) grew at the fastest pace from 2024 to 2025.

These positive cashflow streams clearly indicate Sweden’s competitive advantages with the above countries, but also represent key opportunities for Sweden to develop country-specific strategies to optimize its overall position in international trade.

See also Sweden’s Top 10 Imports, Sweden’s Top 10 Exports and European Union’s Top 10 Exports

Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles, Central Intelligence Agency. Accessed on August 24, 2026

Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on August 24, 2026

International Trade Centre, Trade Map. Accessed on August 24, 2026

Investopedia, Definition Net Exports . Accessed on August 24, 2026

Wikipedia, Sweden. Accessed on August 24, 2026

Zepol’s company summary highlights by country. Accessed on August 24, 2026