The Federal Republic of Sweden in the East European region with a robust economy heavily reliant on the export trade rates is right now emerging as a top global trader because of diversification of exports. The abundance of natural resources like mineral fuels, essential minerals, and metallic ores present in the vast land area of 450,295 square kilometers contributes to the growing economy by facilitating agricultural trade growth. It is the fifth largest nation of the European continent in terms of land area and occupies around 57% of the Scandinavian Peninsula.
The rapidly growing manufacturing industries, along with the substantial contribution from the tourism rates and the financial real estate promote the trade growth of the nation leading to a GDP value of 700 billion US dollars in 2023 a growth rate of 2.9% from the previous year accompanied by an export trade value of 450 billion US dollars.