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The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and ...
v. t. e. The economic history of Sweden, since the Iron Age, has been characterized by extensive foreign trade based on a small number of export and import commodities, often derived from the widely available raw materials iron ore and wood. An industrial expansion in the latter half of the 19th century transformed the society on many levels.
Sweden is an export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis on foreign trade. Sweden's engineering sector accounts for 50% of output and exports, while telecommunications, the automotive industry and the pharmaceutical industries are also of great importance.
Swedish cereal exports largely ceased, to be replaced by import of cereals for bread. Conversely, significant exports of butter commenced, followed later by exports of pork and live pigs. In the first years of the 20th century, Sweden exported 16,000-20,000 tons of butter a year. [7]
List of top exporting countries by product category. List of countries by high tech exports. List of countries by imports. List of countries by leading trade partners. List of Chinese administrative divisions by exports. List of U.S. states and territories by exports and imports. List of German states by exports.
The industrialization of Sweden began during the second half of the nineteenth century. The industrial breakthrough occurred in the 1870s during the international boom period, and it carried on through the decades in response to the growing demand of the home market. [1] By the end of this period, the first multinational companies based on ...
The history of Sweden can be traced back to the melting of the Northern Polar Ice Caps. From as early as 12000 BC, humans have inhabited this area. Throughout the Stone Age, between 8000 BC and 6000 BC, early inhabitants used stone-crafting methods to make tools and weapons for hunting, gathering and fishing as means of survival. [1]
2023 Fortune list. This list displays all Swedish companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in billions of US dollars and are for the fiscal year 2022. [ 1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector ...