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Sweden

Sweden ranked No. 35 in total trade value through March with a total of $4.03 billion. Exports totaled $1.05 billion and Imports totaled $2.98 billion, a deficit of $1.94 billion.

January – March 2019

Top Trading Ports

Total Trade: $4.03 billion

RankPortTotal YTD
1Port of Newark $508,321,754
2Port of Baltimore, Md. $380,849,917
3Chicago O’Hare International Airport $303,477,553
4John F. Kennedy International Airport $248,754,960
5Port of Charleston $216,219,022
6Port of Virginia $208,206,092
7Cleveland’s Hopkins International Airport, Ohio $164,641,944
8Port of Brunswick, Ga. $126,922,826
9Cincinnati/Northern Kentucky International Airport $126,640,459
10Port of New Orleans $124,276,379

U.S. trade with Sweden rose to $4.03 billion through March

Sweden’s trade with the United States rose to $4.03 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.79 percent above its total trade during the same time period last year. Sweden’s exports increased 2.51 percent while imports rose 4.24 percent. The U.S. deficit with Sweden was $1.94 billion.

Through March, 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 Charleston. 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 Port of Virginia and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 41.16 percent of Sweden’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 20.97 percent to $508.32 million.
    Exports fell 2.87 percent to $53.93 million. Imports fell 22.68 percent to $454.39 million.
  • Trade with No. 2 Port of Baltimore, Md. fell 7.51 percent to $380.85 million.
    Exports fell 42.45 percent to $20.66 million. Imports fell 4.17 percent to $360.19 million.
  • Trade with No. 3 Chicago O’Hare International Airport fell 1.42 percent to $303.48 million.
    Exports fell 7.96 percent to $70.3 million. Imports rose 0.73 percent to $233.17 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 41.85 percent to $248.75 million.
    Exports rose 30.11 percent to $51.39 million. Imports rose 45.27 percent to $197.37 million.
  • Trade with No. 5 Port of Charleston rose 24.61 percent to $216.22 million.
    Exports rose 8.2 percent to $30.45 million. Imports rose 27.79 percent to $185.76 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. 36.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Sweden by value through March were the categories of Plasma, vaccines, blood; Civilian aircraft, parts; Low value shipments; Misc. human glands, heparin; and Medicines in individual dosages, respectively. They accounted for 28.74 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; Gasoline, other fuels; Misc. medical chemical re-agents; and Commercial vehicles –– accounted for 28.86 percent of all inbound shipments.

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

  • Plasma, vaccines, blood rose 76.78 percent compared to last year to $95.32 million.
  • Civilian aircraft, parts fell 7.08 percent compared to last year to $94.14 million.
  • Low value shipments rose 8.6 percent compared to last year to $52.84 million.
  • Misc. human glands, heparin rose 190.44 percent compared to last year to $29.85 million.
  • Medicines in individual dosages rose 41.78 percent compared to last year to $28.39 million.

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

  • Motor vehicles for transporting people fell 23.76 percent compared to last year to $466.29 million.
  • Aircraft engines, engine parts rose 107.93 percent compared to last year to $149.46 million.
  • Gasoline, other fuels fell 35.42 percent compared to last year to $88.03 million.
  • Misc. medical chemical re-agents rose 26.53 percent compared to last year to $84.37 million.
  • Commercial vehicles rose 43.24 percent compared to last year to $72.29 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.