Business Sweden's annual analysis of the performance of Swedish export of goods compared to the rest of the world – based on export statistics for the 14 largest commodity groups – shows that Sweden went against the tide of declining global exports and captured market share in 2023.
The downturn affected all regions apart from Europe which, like Sweden, recorded an uptick. Swedish export performance strengthened in nine commodity groups: automotive, chemicals and pharmaceuticals, machinery, electrical equipment and telecom, food and beverages, paper and pulp, steel, textiles and shoes, and metals.
Sweden's share of the global export market remains stable while Europe reclaimed its position from Asia as the world's leading export region.
Despite a relatively weak year for exports, China maintained its position in 2023 as the largest exporter of goods by far, with a 15.4 per cent share of global exports. The US and Germany came in second and third place, with 9.2 and 7.7 per cent shares of global exports, respectively.
Get the full overview in this year's edition of Global Export.
About THE Analysis
Business Sweden publishes the report Global Export once a year. The analysis is based on updated statistics from UN Comtrade which contains most countries’ foreign trade broken down into commodity groups according to the so-called SITC nomenclature.
All figures are in current prices expressed in USD. The goods exports have been divided into 14 commodity groups that cover 85 per cent of Swedish exports of goods.
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