Quick Answer: Why does Sweden trade with Germany?

What is the relationship between Sweden and Germany?

Swedish-German relations are long-standing, close and friendly, as currently reflected by numerous intensive contacts at all levels. Bilateral relations are characterised by consensus and close cooperation on many international issues.

What does Sweden trade with?

In 2019, Sweden major trading partner countries for exports were Norway, Germany, United States, Finland and Denmark and for imports they were Germany, Netherlands, Norway, Denmark and China.

Why is Germany good for trade?

1 – Leading Economy

Germany is Europe’s economic engine. Investors profit from the economic performance of the world’s fourth largest economy. We also offer a large domestic market and easy access to growing markets in the enlarged European Union.

Are Germany and Sweden neighbors?

Germany (German: Deutschland) is a country in Central Europe, that stretches from the Alps, across the North European Plain to the North Sea and the Baltic Sea. … Germany also shares a maritime border with Sweden in the north and the United Kingdom in the northwest.

Is Germany close to Sweden?

Distance from Germany to Sweden is 1,121 kilometers.

This air travel distance is equal to 697 miles. The air travel (bird fly) shortest distance between Germany and Sweden is 1,121 km= 697 miles.

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What are Sweden’s major exports?

Main Swedish exports include machinery and transport equipment, chemical and rubber products, food, clothing, textiles and furniture, and wood products. Exports and investments are rapidly increasing, and the Swedish export market is expected to grow by 8% each year through 2013.

What is Sweden’s main import?

Sweden imports mainly machinery, petroleum and petroleum products, chemicals, motor vehicles, iron and steel; foodstuffs and clothing. Its principal import partners are European Union countries (Germany, Denmark, Netherlands, Finland), Norway and China.

What are the top 3 imports of Sweden?

The most recent imports of Sweden are led by Cars ($8.75B), Crude Petroleum ($6.93B), Refined Petroleum ($6.32B), Vehicle Parts ($5.77B), and Broadcasting Equipment ($4.87B). The most common import partners for Sweden are Germany ($27.2B), Netherlands ($13.1B), Denmark ($10.3B), Norway ($10.1B), and China ($8.4B).

Is Germany a good country to trade with?

For years, Germany has ranked high on the list of top trading nations, placing third in 2018 (exports of goods and services taken together); only China and the United States sold more globally. The nation is also one of the top three importing countries after the United States and China.

Why is Germany’s economy so good?

Germany’s solid economy, the world’s fourth largest and Europe’s largest, is based on exports of high-quality manufactured goods. Germany has come under fire from other European countries and the United States for its low level of defense spending and its construction of a second natural gas pipeline link with Russia.

Why Germany is best for business?

Significant spending power, an innovative climate, its location at the heart of a dense transport network in the centre of Europe and highly skilled workers – all of these are benefits offered by Germany as a business location.

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