A Snapshot: UK-Sweden Trade Relations

By Helena Roberts
Stockholm, Sweden © Syuqor7/Flickr

Helena Roberts

Building on our UK-Arctic Trade and Investment Observatory, we have collated this snapshot of information from international news sources and government websites. It provides you with a comprehensive list of the latest and most relevant developments pertaining to UK-Sweden trade relations.

Period: Four quarters to the end of Q3 2021 (unless specified otherwise)

  • Rank as trading partner (goods and services):
    • 16th largest trading partner (accounting for 1.6% of total UK trade)
    • 19th largest goods trading partner (accounting for 1.3% of UK goods trade)
    • 12th largest services trading partner (accounting for 2.0% of UK services trade)
  • Rank as export market:
    • 16th largest export market (accounting for 1.5% of total UK exports)
    • 18th largest goods export market (accounting for 1.4% of UK goods exports)
    • 18th largest services export market (accounting for 1.6% of UK services exports)
  • Rank of import market:
    • 18th largest import market (accounting for 1.7% of total UK imports)
    • 20th largest goods import market (accounting for 1.3% of UK goods imports)
    • 11th largest services import market (accounting for 2.7% of UK services imports)
  • Total trade in goods and services: £20.0 billion (increase of 5.3% or £1.0 billion from previous year)
  • Total UK exports to Sweden: £9.2 billion (decrease of 1.2% or £115 million from previous year)
  • Total UK imports from Sweden: £10.9 billion (increase of 11.6% or £1.1 billion from previous year)
  • Outward stock of FDI (2020): £32.2 billion (1.9% of the total UK outward FDI stock)
  • Inward stock of FDI (2020): £10.1 billion (0.5% of the total UK inward FDI stock)

For further information, visit DIT’s Trade and Investment Factsheet for Sweden

Latest News about UK-Sweden Trade: 

Helena Roberts is a Global Leadership Fellow at Polar Research and Policy Initiative, and serves as lead writer for the Norway and Sweden sections of both the UK-Arctic Trade and Investment Observatory and the Coronavirus Observatory.

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