Embassy of Ukraine in the Kingdom of Sweden

, Kyiv 08:48

Trade and economic relations of Ukraine and the Kingdom of Sweden

Trade and economic cooperation between Ukraine and the Kingdom of Sweden

Over the past several years trade and economic cooperation between Ukraine and the Kingdom of Sweden has been steadily developing. Sweden is Ukraine’s largest economic and trade partner among the Nordic countries.

 According to the latest statistics from the State Statistics Service of Ukraine, in 2017 Ukrainian-Swedish trade turnover in goods totaled 510.9 million U.S. dollars, which was 4.2% more than in 2016.

 There was an increase in exports of Ukrainian goods to Sweden by 8.6% and by the end of 2017 it amounted to 77.4 million U.S. dollars. The main items of Ukrainian exports to Sweden include, among others, ferrous metals, wood and wood products, furniture, paper, nuclear reactor components, plastics, polymers and textile clothing.

 Import of goods from Sweden increased by 3.5% in 2017 and amounted to 433.5 million U.S. dollars. Ukraine mostly imported nuclear reactor components, cars and mechanisms, paper and cardboard, transport equipment, chemicals, pharmaceuticals, electrical machines as well as vegetable and animal oils and fats.

Dynamics of bilateral trade in goods with Sweden (2012-2017) million U.S. dollars

 

2012

2013

 2014

2015

 2016

2017

 

 

turnover

601.2

544.8

436.5

334.1

490.3

510.9

 

export

57.1

63.5

65.1

60.6

71.3

77.4

 

import

544.1

481.3

371.4

273.5

419.0

433.5

 

balance

-487.0

-417.8

-306.3

-212.9

-347.7

-356.1

 

Sweden currently ranks tenth among Ukraine’s largest EU investors. In 2017 the volume of Swedish investments in Ukrainian economy amounted to 353.6 million U.S. dollars. The biggest share in Swedish direct investment in Ukraine (65%) focuses on the processing industry.

 

Ukrainian-Swedish economic ties are robust but huge scope remains for greater bilateral trade and investment. There are over 100 Swedish companies having a presence in Ukraine and many others are exploring the possibilities for further tie-ups. Potential areas of collaboration include telecommunications, energy efficiency and environmental protection, nuclear safety, waste management, agriculture and the sphere of finance etc.

 

Export offers by Ukrainian enterprises - http://rei.mfa.gov.ua/en/foreign-business/foreign-proposals    

Proposals of member-companies of the Ukrainian Chamber of Commerce and Industry:

https://drive.google.com/file/d/0Bw62PJ2NqK1gSTBCMHBKWHhqOW8/view?usp=sharing

Proposals of the Ministry of Agrarian Policy and Food of Ukraine:

http://minagro.org.ua/docs/GrowInUkraine_web_interactive.pdf

International exhibitions and business forums in Ukraine - http://rei.mfa.gov.ua/en/foreign-business/foreign-events

Investment projects -  http://rei.mfa.gov.ua/en/foreign-business/tenders

Economic and investment potential of regions of Ukraine - http://rei.mfa.gov.ua/en/foreign-business/market-review