Sweden

Market overview

Unlike its Nordic neighbours, Sweden did not institute a nationwide COVID-19 lockdown. The Government did place some restrictions on social interactions, but Sweden has remained 'open for business'.

The Government's Verksamt.se website provides up to date information for businesses on COVID-19.

For more information on doing business in Sweden, visit myNZTE - our free online portal for curated, in-depth information and guidance.   


Economy and trade

Sweden's less stringent lockdown measures have meant that the economy, especially the services sector, has been less hard-hit than in some other countries and compared to its Nordic neighbours. Many restaurants, bars, shops and other service providers were still operating, albeit at a reduced level.

Swedbank has forecast the country's GDP to decline by 4.2% in 2020 (but then increase by 3.9% in 2021). The Swedish Konjunktur Institutet expects an even bigger GDP decline of up to 7% in 2020.

Supply chain, logistics and freight

Ports

The largest ports in Sweden (Gothenburg, Trelleborg, Helsingborg, and Stockholm) have not restricted their activities and continue to receive both goods and passengers.

The terminals of the Copenhagen-Malmö Port in both Denmark and Sweden also remain open. Only passenger traffic on the Danish side was suspended until 1 June.

Logistics and Freight

Freight traffic in Sweden runs mostly without restrictions.

Government support

The Swedish Government introduced a rescue package for businesses, pledging SEK 125 billion (€12.5 billion) of loans and loan guarantees. The package includes capital injections, as well as credit and credit guarantees to cover costs incurred as a result of the crisis, with a particular focus on SMEs and firms providing exporting services.

You can read about what Sweden's central bank, the Riksbank, is doing to mitigate the economic effects of COVID-19 here (English language).

KPMG offers an overview of Swedish government and institutional measures in response to COVID-19, including economic stimulus measures, here.

Travel

While European travel has opened up for EU members, Norway, Denmark and Finland have currently closed their borders to Sweden. Travel options to and from Sweden are significantly reduced due to COVID-related restrictions.

There is currently a 14-day isolation period required for those entering the UK from Sweden.


Additional resources

Below you can find information and contact details for other New Zealand government and international agencies regarding their response to COVID-19.

New Zealand Government agencies

Covid19.govt.nz
COVID-19 helpline for businesses
Business.govt.nz
New Zealand Customs
Ministry for Primary Industries (MPI)
New Zealand Export Credit (NZEC)
MFAT Export Helpline
MFAT Safetravel
Callaghan Innovation
Immigration
Ministry of Health
WorkSafe New Zealand
myNZTE

Global agencies

World Health Organization (WHO)
Centers for Disease Control and Prevention (CDC)

Contact NZTE

We're available to talk to you about any issues your export business is facing due to COVID-19.

For existing NZTE customers, please contact your New Zealand-based Customer Manager.

If you're unsure who to contact or haven't worked with us before, you can call NZTE on 0800 555 888 or email below and one of our Customer Advisors will help you.