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Sweden

Sweden ranked No. 36 in total trade value through October with a total of $13.15 billion. Exports totaled $3.61 billion and Imports totaled $9.54 billion, a deficit of $5.94 billion.

January – October 2018

Top Trading Ports

Total Trade: $13.15 billion

RankPortTotal YTD
1Port of Newark $1,921,231,912
2Port of Baltimore, Md. $1,241,550,322
3Chicago O’Hare International Airport $1,185,538,420
4John F. Kennedy International Airport $718,264,269
5Port of Virginia $700,964,553
6Port of Charleston $626,183,219
7Cleveland’s Hopkins International Airport, Ohio $575,298,732
8Port of Brunswick, Ga. $461,137,928
9Port Hueneme, Calif. $447,821,882
10Port of Houston $443,795,733

U.S. trade with Sweden rose to $13.15 billion through October

Sweden’s trade with the United States rose to $13.15 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.26 percent above its total trade during the same time period last year. Sweden’s exports increased 20.17 percent while imports rose 9.53 percent. The U.S. deficit with Sweden was $5.94 billion.

Through October, 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 Chicago O’Hare International Airport No. 3 Port of Baltimore, Md. No. 4 John F. Kennedy International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 43.86 percent of Sweden’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 13.61 percent to $1.92 billion.
    Exports rose 2.68 percent to $191.39 million. Imports rose 14.96 percent to $1.73 billion.
  • Trade with No. 2 Port of Baltimore, Md. rose 20.1 percent to $1.24 billion.
    Exports rose 53.61 percent to $132.82 million. Imports rose 17.04 percent to $1.11 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 6.31 percent to $1.19 billion.
    Exports rose 19.83 percent to $329.2 million. Imports rose 1.89 percent to $856.33 million.
  • Trade with No. 4 John F. Kennedy International Airport fell 2.06 percent to $718.26 million.
    Exports rose 77.78 percent to $200.74 million. Imports fell 16.59 percent to $517.53 million.
  • Trade with No. 5 Port of Virginia rose 15.54 percent to $700.96 million.
    Exports rose 12.52 percent to $366.79 million. Imports rose 19.05 percent to $334.18 million.

Sweden ranked No. 36 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 $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Sweden by value through October were the categories of Civilian aircraft, parts; Plasma, vaccines, blood; Low value shipments; Motor vehicles for transporting people; and Medicines in individual dosages, respectively. They accounted for 26.31 percent of total exports to Sweden.

The value of the top five categories of U.S. imports from Sweden –– Motor vehicles for transporting people; Gasoline, other fuels; Misc. medical chemical re-agents; Medicines in individual dosages; and Aircraft engines, engine parts –– accounted for 29.69 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 52.39 percent compared to last year to $293.78 million.
  • Plasma, vaccines, blood rose 51.96 percent compared to last year to $258.25 million.
  • Low value shipments rose 20.17 percent compared to last year to $178.34 million.
  • Motor vehicles for transporting people rose 55.91 percent compared to last year to $125.25 million.
  • Medicines in individual dosages rose 34.41 percent compared to last year to $93.64 million.

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

  • Motor vehicles for transporting people rose 9.53 percent compared to last year to $1.68 billion.
  • Gasoline, other fuels rose 81.82 percent compared to last year to $385.56 million.
  • Misc. medical chemical re-agents rose 47.72 percent compared to last year to $294.04 million.
  • Medicines in individual dosages fell 16.87 percent compared to last year to $240.72 million.
  • Aircraft engines, engine parts fell 5.24 percent compared to last year to $230.33 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.