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Sweden

Sweden ranked No. 34 in total trade value through May with a total of $6.89 billion. Exports totaled $1.76 billion and Imports totaled $5.12 billion, a deficit of $3.36 billion.

January – May 2019

Top Trading Ports

Total Trade: $6.89 billion

RankPortTotal YTD
1Port of Newark $836,542,452
2Port of Baltimore, Md. $629,346,345
3Chicago O’Hare International Airport $531,954,492
4John F. Kennedy International Airport $442,818,299
5Port of Virginia $360,013,156
6Port of Charleston $357,186,791
7Cleveland’s Hopkins International Airport, Ohio $289,258,005
8Port of Houston $226,557,409
9Port of Brunswick, Ga. $224,653,407
10Port of New Orleans $207,335,626

U.S. trade with Sweden rose to $6.89 billion through May

Sweden’s trade with the United States rose to $6.89 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1 percent above its total trade during the same time period last year. U.S. exports to Sweden increased 1.62 percent while U.S. imports from Sweden rose 0.79 percent. The U.S. deficit with Sweden was $3.36 billion.

Through May, 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 Port of Charleston and No. 5 Port of Virginia. In the current time period, the top five accounted for 40.67 percent of Sweden’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 22.98 percent to $836.54 million.
    Exports rose 4.23 percent to $96.74 million. Imports fell 25.52 percent to $739.8 million.
  • Trade with No. 2 Port of Baltimore, Md. fell 12.9 percent to $629.35 million.
    Exports fell 43.42 percent to $38.55 million. Imports fell 9.72 percent to $590.79 million.
  • Trade with No. 3 Chicago O’Hare International Airport fell 5.05 percent to $531.95 million.
    Exports fell 8.37 percent to $118.14 million. Imports fell 4.06 percent to $413.81 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 55.73 percent to $442.82 million.
    Exports rose 8.4 percent to $90.52 million. Imports rose 75.4 percent to $352.3 million.
  • Trade with No. 5 Port of Virginia rose 6.46 percent to $360.01 million.
    Exports rose 23.1 percent to $203.4 million. Imports fell 9.44 percent to $156.61 million.

Sweden ranked No. 34 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 34.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Sweden by value through May 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 27.67 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; Aircraft engines, engine parts; Misc. medical chemical re-agents; and Commercial vehicles –– accounted for 28.22 percent of all inbound shipments.

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

  • Plasma, vaccines, blood rose 61.87 percent compared to last year to $151.22 million.
  • Civilian aircraft, parts fell 22.24 percent compared to last year to $141.25 million.
  • Low value shipments rose 7.55 percent compared to last year to $88.99 million.
  • Misc. human glands, heparin rose 272.56 percent compared to last year to $56.12 million.
  • Medicines in individual dosages rose 51.8 percent compared to last year to $49.88 million.

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

  • Motor vehicles for transporting people fell 33.45 percent compared to last year to $744.52 million.
  • Gasoline, other fuels fell 17.53 percent compared to last year to $215.86 million.
  • Aircraft engines, engine parts rose 66.5 percent compared to last year to $215.4 million.
  • Misc. medical chemical re-agents rose 9.1 percent compared to last year to $146.58 million.
  • Commercial vehicles rose 49.9 percent compared to last year to $123.62 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.