Export Credit Trends Survey
The Export Credit Trends Survey is a temperature gauge of the Swedish export industry reporting financial requirements, export order intake, employment projections, interest rates and strength of the Swedish krona, but also the companies’ sustainability requirements on suppliers and customers, and their investment plans order to reduce its climate impact.
Sweden has a small, open economy that is dependent to a large extent on global demand for products and services. The Swedish financial market is strongly linked to the international capital market. As such, there is substantial interest in following its economic and financial development to understand the challenges and opportunities ahead. The Export Credit Trends Survey is published twice per year, in June and December. It is currently available only in Swedish.
From the Export Credit Trends Survey December 2025
Financial situation
The outlook is starting to brighten. Larger companies now report a strengthened financial position – and going forward, both large and small firms are expected to see further improvements.
Financing costs
A majority of exporting companies expect cheaper financing over the coming year. This is relatively notable given the Riksbank’s signals that the interest rate-cutting cycle has now ended.
Export order intake
Optimism for the coming twelve months is clear. A total of 44 percent of exporting companies expect an increase in orders. However, developments over the past six months have been subdued – 23 percent of companies report a decrease in export order intake.
Impact of trade tariffs
Two-thirds of companies are not looking at new market opportunities as a result of U.S. trade tariffs. Among those who are, Western Europe is the most interesting market.
Geopolitical uncertainties
Just over four in ten companies experience increased impact from geopolitical uncertainties, but this impact is expected to ease somewhat going forward – although uncertainty remains high, especially among smaller companies.
Climate investments
A majority of exporting companies are sticking to their plans to invest in reducing climate impact in the coming twelve months. The share has remained stable at six in ten companies across the last three surveys – though this can be compared with higher levels in previous years.