Foreign trade

Sweden has a large trade surplus where steel is concerned. This is due to the fact that, to a large degree, we export high-performance steel and mainly import standard products.

Coils being loaded for export. Photo: SSAB. 

Sweden’s export of finished steel products, including ingots and semis, in 2020 amounted to SEK 46 billion (excluding the engineering products made by the steel plants), whereas the value of steel imports was SEK 31 billion. 

Swedish steel exports. Finished steel incl. ingots and semis.Swedish steel exports. Finished steel incl. ingots and semis.


Swedish steel imports. Finished steel incl. ingots and semis.
Swedish steel imports. Finished steel incl. ingots and semis.

In 2020, steel exports comprised 3.2 per cent of Sweden’s total exports of goods, valued at SEK 1,428 billion. The diagram below shows how the trade balance in terms of value has developed since 1980.

Swedish steel trade, value. Finished steel incl. ingots and semis. Swedish steel trade, value. Finished steel incl. ingots and semis. Foreign trade statistics including re-exports and re-imports.

In terms of weight, however, the state of affairs is rather different. Sweden's exports and imports of finished steel products are more or less of an equivalent amount. The diagram below shows how the trade balance in terms of tonnage has developed since 1980. 

Swedish steel trade, weight. Finished steel incl. ingots and semis. 
Swedish steel trade, weight. Finished steel incl. ingots and semis.
Foreign trade statistics including re-exports and re-imports.

In 2020 Swedish steel was exported to 145 countries around the world. However, by far the largest export market comprises the EU member states and Great Britain, to which nearly 65 per cent of the steel is exported. 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 2020: SEK 46,0 billion. 
Finished steel incl. ingots and semis. 
Sveriges stålexport

83 per cent of Swedish steel imports in 2020 came from EU member states and Great Britain.

Swedish steel imports 2020: SEK 31,3 billion. 
Finished steel incl. ingots and semis. 
Sveriges stålimport