International trade is really important for Sweden. It helps the country get the resources it needs in a few key ways:
Getting Resources: Sweden doesn't have a lot of natural resources like oil and natural gas. Because of this, Sweden imports 99% of its oil and about 70% of its gas.
Strong Exports: In 2022, Sweden exported around $207 billion worth of goods. This includes important items like machinery, vehicles, and medicines, which helps the economy grow and creates jobs.
Economic Growth: About 43% of Sweden's money made (called GDP) comes from trade. This shows how much the economy depends on selling and buying from other countries.
Variety in Supply Chains: Trade allows Sweden to get resources from different places. This means it doesn't rely too much on just one country, making the economy more stable.
In short, trade helps Sweden get the resources it needs, supports economic growth, and creates a more diverse economy.
International trade is really important for Sweden. It helps the country get the resources it needs in a few key ways:
Getting Resources: Sweden doesn't have a lot of natural resources like oil and natural gas. Because of this, Sweden imports 99% of its oil and about 70% of its gas.
Strong Exports: In 2022, Sweden exported around $207 billion worth of goods. This includes important items like machinery, vehicles, and medicines, which helps the economy grow and creates jobs.
Economic Growth: About 43% of Sweden's money made (called GDP) comes from trade. This shows how much the economy depends on selling and buying from other countries.
Variety in Supply Chains: Trade allows Sweden to get resources from different places. This means it doesn't rely too much on just one country, making the economy more stable.
In short, trade helps Sweden get the resources it needs, supports economic growth, and creates a more diverse economy.