Thursday, April 24, 2014

Country Profile Part 4: International Trade

International trade in Sweden

Sweden trades mainly with other Northern and Western European countries. A very small amount of trade occurs with non-European countries (mostly China, Russia, and the U.S.). Sweden's top trade partners are Norway and Germany.

Imports: machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs, clothing
Exports: machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals

Exchange rate: 6.58 Swedish kronor (SEK) per U.S. dollar (2013 est.)

Immigration and emigration: Most of the immigration to Sweden is due to refugees from the Middle East and Somalia. Refugees from other parts of the world, as well as immigration due to family reunification, have made up several "peaks" of immigration rates in Sweden for the past several decades. Other immigrants from other parts of Europe are not uncommon, but are not very significant. Emigration from Sweden is less common than immigration, and most emigrants move to other countries in the European Union, or to the United States.

International Relations: Sweden currently has no disputes with other countries, nor significant allies. Sweden's political strategy is to avoid making allies with any other country in peaceful times; this keeps them neutral. Aside from being part of the UN, EU, and other peacekeeping organizations, Sweden prefers to remain neutral in political situations and stay out of international conflict.

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