Sweden is also the largest exporter in Scandinavia and Swedish industry is export driven. The industrial sector is dominated by groups such as ABB, AstraZeneca, Electrolux, Ericsson, GE Healthcare, H&M, Ikea, Saab, Sandvik, Scania and Volvo.
Sweden’s main manufacturing activities and most important export goods are vehicles and machines, pharmaceuticals/chemicals, electronics, minerals, wood products, energy, foods, shoes and clothes. The new technologies and biotechnologies sectors are also of significant importance in the economy.
Most of the global companies that have established operations in the Nordic region have chosen to locate their regional headquarters in Sweden. Stockholm, the capital, is Europe’s third biggest hub for global headquarters, of which foreign companies account for 85 percent. It is also the largest corporate market and financial hub in the Nordics.