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Foreign trade

In 2011, Sweden’s export of finished steel, including blooms and billets, amounted to just over SEK 56 billion (excluding the engineering products the steel plants manufacture), whereas the value of steel imports was
SEK 38 billion. The considerable trade surplus in steel is due to Sweden, to a large extent, exporting high-performance steel and mainly importing standard products.

 

Swedish trade of finished steel, thousand metric tonnes

(including ingots and semis)

                        E x p o r t s                                      I m p o r t s

                
 2010   2011     2012

 2012/11
%

    2010 2011   2012

 2012/11
%

Jan 278.6 329.6  319.7 -3.0
   236.4 299.8
 259.6 -13.4
Feb  281.1 336.7  353.8 5.1
   245.6  308.2  321.0 4.1
Mar  375.0  389.7  
  315.0  376.5  
Apr  327.7  343.9  
   290.4  341.7  
May  341.9  367.1  
   309.4  373.8  
Jun  335.0  311.0  
   362.1  320.8  
Jul  243.1  255.6  
   202.6  208.1  
Aug 239.5  251.5  
   306.4  311.3  
Sep  346.8  361.7  
  329.1  363.6  
Oct  346.3  331.5  
   319.8  328.1  
Nov  321.7 333.8
 
  311.5 314.1
 
Dec  288.5  273.9  
   244.3  238.3  
                   
2 months 559.7 666.3 673.5 1.1   482.0 608.1 580.6 -4.5
                   
Q1  934.7  1,056.0  
  796.9  984.7  
Q2 1,004.6  1,022.0  
  962.0
 1,036.1  
Q3  829.5  868.9  
   838.1  883.0  
Q4  956.4  939.2  
   875.6  880.6    
                   
Year  3,725.3 3,886.0        3,472.6 3,784.4    

 

The export of steel comprises about 4.6% of Sweden’s total exports of goods that in 2011 amounted to SEK 1,213 billion. The figure below shows how the trade balance has developed measured in value over the last 30 years.

 

Swedish steel trade, value

In terms of weight, however, the state of affairs is rather different. Sweden exports nearly 4 million tonnes of finished steel products and imports roughly an equivalent amount. The figure below shows how the trade balance has developed in terms of tonnage over the last 30 years.

 

Swedish steel trade, tonnage

Swedish steel exports go to more than 150 countries (2010). However, easily the largest export market comprises the EU countries. Outside Europe, the USA is an important market as is China which in recent years has imported ever more steel from Sweden.

 

Swedish steel exports by countries (value)

More than 90% of the steel that Sweden imports comes from other European countries.

 

Swedish steel imports by countires (value)


Contacts

 

Jenni Ranhagen

tel +46 8 679 17 52
mobile +46 70 679 17 52
jenni.ranhagen@jernkontoret.se

 

Mathias Ternell

tel +46 8 679 17 20
mobile +46 70 257 41 41
mathias.ternell@jernkontoret.se