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Sweden

Sweden ranked No. 35 in total trade value through February with a total of $2.58 billion. Exports totaled $650.38 million and Imports totaled $1.93 billion, a deficit of $1.28 billion.

January – February 2019

Top Trading Ports

Total Trade: $2.58 billion

RankPortTotal YTD
1Port of Newark $303,182,999
2Port of Baltimore, Md. $271,995,357
3Chicago O’Hare International Airport $199,135,125
4John F. Kennedy International Airport $166,352,197
5Port of Virginia $134,508,435
6Port of Charleston $126,894,035
7Cleveland’s Hopkins International Airport, Ohio $104,881,542
8Cincinnati/Northern Kentucky International Airport $97,085,642
9Port of Brunswick, Ga. $82,416,847
10Port of New Orleans $73,300,984

U.S. trade with Sweden rose to $2.58 billion through February

Sweden’s trade with the United States rose to $2.58 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.43 percent above its total trade during the same time period last year. Sweden’s exports decreased 1.52 percent while imports rose 10.83 percent. The U.S. deficit with Sweden was $1.28 billion.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Baltimore, Md.; No. 3 Chicago O’Hare International Airport; No. 4 John F. Kennedy International Airport; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Baltimore, Md. No. 3 Chicago O’Hare International Airport No. 4 John F. Kennedy International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 41.72 percent of Sweden’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 20.81 percent to $303.18 million.
    Exports fell 14.4 percent to $33.55 million. Imports fell 21.55 percent to $269.63 million.
  • Trade with No. 2 Port of Baltimore, Md. rose 14.7 percent to $272 million.
    Exports fell 53.66 percent to $12.67 million. Imports rose 23.61 percent to $259.32 million.
  • Trade with No. 3 Chicago O’Hare International Airport rose 0.58 percent to $199.14 million.
    Exports rose 6.57 percent to $48.76 million. Imports fell 1.22 percent to $150.37 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 36.52 percent to $166.35 million.
    Exports rose 119.15 percent to $37.51 million. Imports rose 23.02 percent to $128.84 million.
  • Trade with No. 5 Port of Virginia rose 10.72 percent to $134.51 million.
    Exports rose 34.45 percent to $75.41 million. Imports fell 9.63 percent to $59.1 million.

Sweden ranked No. 35 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 38.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Sweden by value through February were the categories of Civilian aircraft, parts; Plasma, vaccines, blood; Low value shipments; Medicines in individual dosages; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 32.29 percent of total exports to Sweden.

The value of the top five categories of U.S. imports from Sweden –– Motor vehicles for transporting people; Aircraft engines, engine parts; Misc. medical chemical re-agents; Commercial vehicles; and Medicines in individual dosages –– accounted for 29.19 percent of all inbound shipments.

Looking more closely at U.S. exports to Sweden:

  • Civilian aircraft, parts rose 0.46 percent compared to last year to $70.94 million.
  • Plasma, vaccines, blood rose 130.23 percent compared to last year to $67.74 million.
  • Low value shipments rose 8.19 percent compared to last year to $32.98 million.
  • Medicines in individual dosages rose 51.03 percent compared to last year to $20.55 million.
  • Medical instruments for surgeons, dentists, vets fell 0.64 percent compared to last year to $17.82 million.

Looking more closely at U.S. imports from Sweden:

  • Motor vehicles for transporting people fell 7.43 percent compared to last year to $304.15 million.
  • Aircraft engines, engine parts rose 126.71 percent compared to last year to $109 million.
  • Misc. medical chemical re-agents rose 64.4 percent compared to last year to $59 million.
  • Commercial vehicles rose 46.68 percent compared to last year to $46.77 million.
  • Medicines in individual dosages fell 18.44 percent compared to last year to $43.35 million.

In the latest annual figures available, Sweden recorded $14.47 billion in trade with the United States. At year’s end, its were New York City; Baltimore; Cleveland; Chicago; and Atlanta/Savannah. Total U.S. exports to Sweden were $ 3.73 billion and imports from Sweden were $10.74 billion. The U.S. deficit with Sweden was $7.01 billion.