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 2019 amounted to SEK 54 billion (excluding the engineering products made by the steel plants), whereas the value of steel imports was SEK 41 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 2019, steel exports comprised 3.6 per cent of Sweden’s total exports of goods, valued at SEK 1,518 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.

Swedish steel is exported to about 150 countries around the world (2019). 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 2019: SEK 54,1 billion. 
Finished steel incl. ingots and semis. 
Sveriges stålexport

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

Swedish steel imports 2019: SEK 40,6 billion. 
Finished steel incl. ingots and semis. 
Sveriges stålimport