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Sweden expects trade with India to grow in 2016

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After a lull in bilateral trade with India from 2011 to 2013, Sweden saw an increase in trade with India in 2015 and expects its trade prospects to be much better in 2016.

During the first nine calendar months of 2015, Swedish exports of goods to India grew 7 per cent compared with the same period in 2014.

India’s exports to Sweden increased 11 per cent. Bilateral trade between Sweden and India amounted to more than $2 billion in 2014. Exports of goods from Sweden accounted for two thirds of that amount.

Harald Sandberg, Ambassador of Sweden to India, pointed out “Trade between Sweden and India tapered off from 2011 to 2013 which is reflective of what was happening globally. We saw an upturn in trade with India in 2015 and expect to do better in 2016 provided the domestic climate here and the global economy doesn’t throw up any surprises.”