- overview
- strengths
- Bilateral Agreements
- bilateral trade
- agencies
- Indian Mission
Sweden is currently the 3rd largest trading partner of India from Asia
There are over 40 Indian IT companies operating in Sweden.
In the 1980s India and Sweden worked together on nuclear disarmament issues within the framework of the ‘Six Nation Peace Summit’
US$ 1.45bn worth of imports from India in 2021-22
US$ 1,821mn
FDI inflow over April 2000 to March 2021
US$ 2.4bn
Bilateral trade during FY2021-22
60,000
NRIs/PIOs currently live in Sweden
Concurrent Accreditation The Mission in Sweden also handles India's bilateral relations with Latvia
US$ 550 billion
GDP of Sweden
Infrastructure
Sweden has been a reliable partner in Smart Cities, healthcare, clean energy, and digitization technologies in developing nations such as India.
Two-way investment
There are over 170 Swedish joint ventures and wholly-owned subsidiaries in India and are over 70 Indian companies currently present in Sweden.
Opportunities
There is potential for enhancing bilateral collaboration in key areas like green technologies, renewable energy, smart infrastructure, healthcare, and defence.
Education
At present, more than 2,000 Indian students are studying in different Swedish institutions. The student traffic has helped in building ties in high-end partnerships.
India's Exports and Imports to Sweden
Source: Department of Commerce
Dated: 22/02/2023
Values in US $ Millions
Country / Region: SWEDEN
| S.No. | \Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
|---|---|---|---|---|---|---|
| 1. | EXPORT | 771.50 | 792.23 | 748.42 | 763.84 | 1,035.97 |
| 2. | %Growth | 2.69 | -5.53 | 2.06 | 35.63 | |
| 3. | India’s Total Export | 303,526.16 | 330,078.09 | 313,361.04 | 291,808.48 | 422,004.40 |
| 4. | %Growth | 8.75 | -5.06 | -6.88 | 44.62 | |
| 5. | %Share | 0.25 | 0.24 | 0.24 | 0.26 | 0.25 |
| 6. | IMPORT | 1,464.47 | 1,326.85 | 1,114.48 | 1,004.76 | 1,450.13 |
| 7. | %Growth | -9.40 | -16.01 | -9.84 | 44.33 | |
| 8. | India’s Total Import | 465,580.99 | 514,078.42 | 474,709.28 | 394,435.88 | 613,052.05 |
| 9. | %Growth | 10.42 | -7.66 | -16.91 | 55.43 | |
| 10. | %Share | 0.31 | 0.26 | 0.23 | 0.25 | 0.24 |
| 11. | TOTAL TRADE | 2,235.97 | 2,119.08 | 1,862.90 | 1,768.60 | 2,486.11 |
| 12. | %Growth | -5.23 | -12.09 | -5.06 | 40.57 | |
| 13. | India’s Total Trade | 769,107.15 | 844,156.51 | 788,070.32 | 686,244.36 | 1,035,056.45 |
| 14. | %Growth | 9.76 | -6.64 | -12.92 | 50.83 | |
| 15. | %Share | 0.29 | 0.25 | 0.24 | 0.26 | 0.24 |
| 16. | TRADE BALANCE | -692.98 | -534.62 | -366.06 | -240.93 | -414.16 |
| 17. | India’s Trade Balance | -162,054.83 | -184,000.33 | -161,348.24 | -102,627.40 | -191,047.65 |
Indian Trade Promotion Organisation
+91-11-2337-1540
Pragati Bhawan, Pragati Maidan New Delhi-110001 (INDIA)
Business Sweden
+46-8-588-660-00
Box 240, 10124 Stockholm Visitor address: World Trade Center Klarabergsviadukten 70, 11164 Stockholm
United Nations Economic Commission for Europe
+41-22-917-12-34
Palais des Nations CH-1211 Geneva 10 Switzerland
Embassy of India, Sweden and Latvia
+46-810-7008
Embassy of India, Stockholm
Adolf Fredriks Kyrkogata 12,
Box 1340,
111 37 Stockholm
