Trading Partner Portal: Sweden
Trade Overview
Sweden is a high-income country in Northern Europe and covers an area slightly larger than California. Sweden has a population of 10.60 million people and a gross domestic product (GDP) of $669 billion. Sweden has one of the highest standards of living in the world with a strong capitalist system and welfare state. Sweden is one of the 27 countries in the European Union. World Bank
U.S. – Sweden Trade
in 2025, two-way trade between Sweden and the United States was $25.30 billion, with the U.S. exporting $9.25 billion worth of products to Sweden. The main exports were oil & gas ($1.86 billion), transportation equipment ($1.77 billion), chemicals ($1.70 billion), computer and electronic products ($1.38 billion), and non-electrical machinery ($613 million).
The United States imported $17.99 billion worth of Swedish goods in 2025. The key imported goods from Sweden into the U.S. were transportation equipment ($3.58 billion), chemicals ($3.87 billion), non-electrical machinery ($2.73 billion), computer and electronic products ($1.34 billion), and primary metals manufactures ($857 million).
Services trade between the United States and Sweden totaled $14.15 billion in 2025, with exports totaling $8.94 billion. Top exports were other business services, telecommunications, computer & information services, travel, financial services, and charges for intellectual property use.
Imported services from Sweden to the U.S. totaled $5.21 billion, with top imports being other business services, charges for intellectual property use, transport services, travel, and telecommunications, computer & information services.
Sweden – California Trade
California exported $1.33 billion of products to Sweden in 2025, a 49% increase when comparted to 2024 exports. The key exports from California were computer and electronic products ($539 million), non-electrical machinery ($119 million), chemicals ($93 million), miscellaneous manufactures ($84 million), and electrical equipment, appliances and components ($58 million). U.S. Department of Commerce
In 2025, California imported around $664 million worth of goods from Sweden. Top imports included computer and electronic products ($165 million), non-electrical machinery ($119 million), chemicals ($93 million), miscellaneous manufactures ($84 million), and electrical equipment, appliances & components ($58 million).
FDI – Sweden
Direct investment from the United States into Sweden totaled around $72.46 billion in 2025, while FDI from Sweden into the U.S. was approximately $117.91 billion of the same year.
Swedish FDI is the 5th fastest growing source of FDI in the U.S. Swedish FDI supported 289,000 jobs in the U.S., contributed $1.3 billion to research and development and another $7.3 billion to expanding U.S. exports. The top industry sectors for Swedish FDI were software and IT services, industrial equipment, communications, business services, metals, and plastics. Select USA
In California, the 18th largest source of FDI through foreign-owned enterprises (FOEs) is Sweden. In 2025, Swedish FOEs in California provided 11,177 jobs through 364 firms amounting to $1.44 billion in wages. The top jobs by sector are professional and business services, manufacturing, information, retail trade, and wholesale trade (World Trade Center Los Angeles FDI Report).
CalChamber Resources
- Consulate General in California
- Embassy of Sweden Washington D.C.
- U.S. Commercial Service in Sweden
- International Trade FAQs
- GO-Biz Stats: Swedish FDI in CA