Sweden is Ukraine’s largest trading partner in Northern Europe.
Despite the significant drop in trade between Ukraine and Sweden caused by the military aggression of russia starting from March 2022, in general, according to the results of January-April 2022, the export of goods from Ukraine to Sweden increased by 7% compared to the same period in 2021 and amounted to USD 36.5 million.
The volume of imports of goods from Sweden to Ukraine in January-April 2022 decreased by 43.2% in accordance with the same period in 2021 and amounted to USD 65.1 million. Negative trade balance for the period January-April 2022 – USD 28.6 million.
The export structure of goods from Ukraine to Sweden in January-April 2022 include: ferrous metals (20.1%); wood and wood products (18.4%); furniture (12.1%); nuclear reactor components (6.7%); plastics and polymers (5.3%), textile clothing (4,6%).
Ukraine mostly imported in January-April 2022: nuclear reactor components (27,7%); paper and cardboard (19,3%); transport equipment (13,2%); pharmaceuticals (6,4%), animal oils and fats (6%).
As of January 2022, the export of services from Ukraine to Sweden amounted to USD 40.4 million, which increased by 8% compared to the same period in 2021.
Imports of Ukraine's services from Sweden increased by 1,56 times in January 2022 and amounted to USD 89.8 million.
Approximately 89 Swedish companies operate in Ukraine, including Ericsson, Electrolux, ABB, Volvo, Scania, Oriflame, Sigma, Westinghouse Electric Sweden, IKEA, H&M, Beetroot and others.
The volume of humanitarian, macroeconomic and defense assistance to Sweden since February 24, 2022, amounted to 396 million dollars. United States (4.2 billion SEK).