Trade and investment ties between India and Sweden now cover scientific R&D, heavy engineering, and consumer retail.
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
FDI inflow over April 2000 to March 2021
Bilateral trade during FY2021-22
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
Sweden has been a reliable partner in Smart Cities, healthcare, clean energy, and digitization technologies in developing nations such as India.
There are over 170 Swedish joint ventures and wholly-owned subsidiaries in India and are over 70 Indian companies currently present in Sweden.
There is potential for enhancing bilateral collaboration in key areas like green technologies, renewable energy, smart infrastructure, healthcare, and defence.
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.
Prime Minister Modi and Prime Minister Löfven met on 17 April 2018 and reiterated their commitment to dialogue and cooperation on key international issues of mutual concern, including climate change, Agenda 2030, international peace and security, human rights, gender equality, humanitarian issues, international trade
The documents signed during the Indo-EU Leaders' Meeting include the India-EU Leaders’ Meeting Joint Statement, India-EU Connectivity Partnership, and the document recognizing the second round of financing for the Pune Metro Rail Project.
India's Exports and Imports to Sweden
Source: Department of Commerce
Values in US $ Millions
Country / Region: SWEDEN
|3.||India’s Total Export||303,526.16||330,078.09||313,361.04||291,808.48||422,004.40|
|8.||India’s Total Import||465,580.99||514,078.42||474,709.28||394,435.88||613,052.05|
|13.||India’s Total Trade||769,107.15||844,156.51||788,070.32||686,244.36||1,035,056.45|
|17.||India’s Trade Balance||-162,054.83||-184,000.33||-161,348.24||-102,627.40||-191,047.65|
Beer made from malt (220300)
Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Sparkling wine of fresh grapes (220410)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of >10 l (220429)
Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)
Cuts & edible offal of species Gallus domesticus, frozen (020714)
Meat of bovine animals, fresh/chilled, boneless (020130)
Meat of bovine animals, frozen, boneless (020230)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)
Sausages & sim. prods., of meat/meat offal/blood; food preps. based on thes … (160100)
Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
Sweet biscuits (190531)
Undenatured ethyl alcohol of an alcoholic strength by volume of 80% vol. (220710)agriexchange.apeda.gov.in
Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)
Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180631)
Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180632)
Cheese (excl. of 0406.10-0406.40) (040690)
Fresh (unripened/uncured) cheese, incl. whey cheese, & curd (040610)
Ice cream & oth. edible ice, whether or not cont. cocoa (210500)
MILK AND CREAM, NT CONCENTRATED NOR CONTAIN ADDED SUGAR/ OTHER SWEETENING MATTER OF A FAT CONTENT, BY WEIGHT, > 10% (040150)
Uncooked pasta, not stuffed/othw. prepd., not cont. eggs (190219)agriexchange.apeda.gov.in
Food preps., n.e.s. (210690)
Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)
Prepared/presvd. preps. of fowls of the genus Gallus domesticus (excl. homo … (160232)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)
Soups & broths & preps. therefor (210410)
Food preps., n.e.s. (210690)
Preparations for infant use, put up for rs (190110)
Apples, fresh (080810)
Avocados, fresh/dried (080440)
BANANAS FRSH OR DRIED (080390)
Cucumbers & gherkins, fresh/chilled (070700)
Fruits of the genera capsicum/pimenta, fresh/chilled (070960)
Grapes, fresh (080610)
Live plants, n.e.s., incl. their roots; mushroom spawn (060290)
Mandarins, incl. tangerines & satsumas; clementines, wilkings & sim. citrus … (080520)
Oranges, fresh/dried (080510)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
Tomatoes, fresh/chilled (070200)
Vegetables, n.e.s., uncooked/cooked by steaming/boiling in water, frozen (071080)
Fish fillets; fresh or chilled, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tshawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic (Salmo salar), Danube (Hucho hucho) (030441)
Fish fillets; frozen, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tshawytscha, Oncorhynchus kisutch, Oncorhynchus masou, Oncorhynchus rhodurus), Atlantic (Salmo salar), and Danube (Hucho hucho) (030481)
Fish; dried, whether or not salted but not smoked, other than edible fish offal, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus) (030551)
Fish; fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillers, livers, roes, and other fish meat of heading 0304 (030214)
Fish; fresh or chilled, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, livers, roes, and other fish meat of heading 0304 (030251)
Here are the leading sectors of opportunities for foreign investors
Ericsson, a Swedish telecoms equipment maker, has large market in India.
ABB, a Swiss-Swedish engineering firm, does R&D and manufacturing in India.
Volvo Group, a Swedish automaker, manufactures and sells in India.
AstraZeneca, an Anglo-Swedish drugmaker, makes and sells in India.
IKEA, a furniture brand, plans to open several large format stores in India.
The Virtual Summit led by Prime Ministers Modi and Stefan …Read More
India and Sweden enjoy a cordial relationship ever since diplomatic …Read More
The Ministry of External Affairs of India and the Confederation …Read More