Lousy year for Swedish foreign trade
Swedish exports and imports fell sharply last year – but pharmaceuticals and food rose.
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The value of Swedish exports amounted last year to 998 billion kronor ($140 billion), a decrease of 16 percent compared to 2008. At the same time, imports plunged 17 percent, resulting in a net trade surplus of 87 billion kronor.
Export to EU, eurozone countries and America dropped by a fifth respectively.
Export to Asia dropped 4 percent. However, exports to China rose 21 percent at the same time as imports from China fell 6 percent.
The downturn was dramatic for most of the product areas, but pharmaceuticals and food were the exceptions.
Exports of machinery and transport equipment plunged 22 percent during 2009. In this commodity group, exports of road vehicles dropped 42 percent.
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Last Updated (Friday, 26 February 2010 11:49)
