Sweden, a country known for its picturesque landscapes and high quality of life, actively participates in the global tea trade. In 2021, Sweden exported tea worth $5.18 million, positioning itself as the 55th largest tea exporter worldwide. While tea ranked as the 746th most exported product in Sweden that year, its significance in the country’s trade landscape should not be underestimated.
Tea Exports from Sweden
Sweden primarily exports tea to neighboring countries such as Norway, Denmark, Finland, Hong Kong, and Italy. Among these, Norway stands out as the leading destination with imports valued at $2.44 million from Sweden, followed by Denmark with $451k, Finland with $364k, Hong Kong with $312k, and Italy with $272k.
Notably, between 2020 and 2021, Sweden experienced significant growth in tea exports to Hong Kong, Norway, and Italy. Hong Kong witnessed an impressive increase of $312k, followed by Norway with $170k and Italy with $157k.
|Asia||United Arab Emirates||24,239|
|North America||Costa Rica||1,199|
|North America||Cayman Islands||808|
|North America||United States||208,359|
Tea Imports in Sweden
In 2021, Sweden imported tea valued at $35.9 million, establishing itself as the 51st largest tea importer globally. While tea ranked as the 544th most imported product in Sweden that year, its significance in the country’s trade landscape should not be overlooked. Sweden primarily sources its tea imports from Poland, Germany, Denmark, Sri Lanka, and India. Among these, Poland accounted for the highest tea imports, totaling $14.3 million, followed by Germany with $7.92 million, Denmark with $3.46 million, Sri Lanka with $3 million, and India with $1.63 million.
Between 2020 and 2021, the fastest-growing import markets for tea in Sweden were Denmark, experiencing a substantial increase of $1.24 million, followed by Poland with $1.22 million and Germany with $839k.
|Asia||United Arab Emirates||1,151,513|
|North America||Saint Lucia||577|
|North America||United States||324,817|
Vietnam Tea: A Popular and Reliable Choice for Sweden’s Imports
Vietnam tea has consistently been a popular and trustworthy choice for Sweden, thanks to its premium quality and competitive pricing. In 2021, Sweden imported tea from Vietnam with a total value of $101,788. Vietnam holds a significant position as an important supplier of tea to Sweden, catering to its tea requirements effectively.
Tariffs on Tea Trade
In 2019, Sweden applied an average tariff rate of 0.3% on tea imports. However, certain countries imposed higher import tariffs on tea. The Republic of the Congo, Algeria, Western Sahara, Gabon, and Libya had the highest import tariffs for tea, all subject to the Most Favored Nation duty rate treatment of 0.8%.
Sweden’s tea trade showcases its active participation in the global market, with both tea exports and imports contributing to the country’s trade dynamics. While Sweden’s tea exports demonstrate steady growth, the nation has witnessed significant expansion in markets such as Hong Kong, Norway, and Italy. On the other hand, Sweden’s substantial tea imports, totaling $35.9 million, cater to domestic consumption, with Poland, Germany, and Denmark being the primary sources. Understanding tariff rates is crucial for tea traders, as Sweden applies a low average tariff rate, while some countries impose higher tariffs on tea imports. As Sweden continues to engage in the global tea trade, it will be interesting to observe how the industry evolves and contributes to the country’s trade dynamics in the coming years.