Swedish Vehicle and Steel Exports Plunge Amid Rising Tariffs

Sweden's export sector, particularly vehicles and metals, has been severely impacted by tariffs affecting trade with the United States. According to Kommerskollegium data cited by Svenska Dagbladet, Sweden experienced a roughly 25% decline in goods exports from the first to the second quarter of 2025, equating to a loss exceeding twelve billion kronor. This downturn aligns with a broader pattern across the European Union, where exports to the U.S. notably diminished during the first half of the year.

The automotive industry, encompassing vehicle parts, along with the metals sector, are identified as the hardest hit. This development underscores the vulnerability of Sweden's key export industries to international tariff barriers and reflects escalating trade tensions impacting economic performance. These exports are critical contributors to Sweden's economy, making the significant reduction a cause for concern among industry and policy stakeholders.

The steep drop in export values highlights the direct adverse effects of trade tariffs on Swedish manufacturing and export competitiveness. The data marks a continuing challenge for Sweden's export-driven sectors amid ongoing geopolitical trade frictions. With tariffs remaining a major barrier, the outlook for recovery in these industries depends strongly on the evolving international trade environment and potential policy responses.