CONTENT PREVIEW
Industry

Swedish exports hold up after export reforms

14 March 2019

Swedish defence exports remained virtually static at SEK11.4 billion (USD1.2 billion) in 2018: a year in which the country introduced significant reforms to tighten export controls.

The Swedish defence sector’s foreign sales last year compare with figures of SEK11.3 billion and SEK11 billion in 2017 and 2016 respectively.

The latest figures were reported by Sweden’s Inspectorate of Strategic Products (Inspektionen for Strategiska Produkter – ISP) on 14 March.

Sweden looked to the European Union, European Economic Area, and “partner countries” (Canada, South Korea, the US, and Brazil) for 77% of sales; down from 82% the previous year.

Brazil was ranked as Sweden’s single largest market in 2018 with sales of SEK2.955 billion (26% of the total for the year) relating to fighter aircraft equipment and technology relating to the ongoing provision of Gripen combat aircraft.

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