The US has always been an important country for Swedish exports, but now, for the first time, China has overtaken the US as a recipient of exports of goods from Stockholm County. Export of goods from the capital region to China have increased by 271 per cent since 2007, but only by 22 per cent to the US. And last year China overtook the US in terms of value of exports from Stockholm. The region exported goods worth SEK 16 billion to China last year and SEK 15 billion to the US.
The main reason is that the Chinese economy has had a faster growth rate than the US economy in recent years. (DN I: 23)
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