Trade in invoicing currency 2025

The breakdown of the import and export value in invoicing currencies is referred to as TIC (Trade in goods by invoicing currency). The data on invoicing currency in TIC is based on costumes declarations reported by companies to the Swedish customs. The invoicing currency is not collected for Intra EU trade in goods and are therefore not included in the figures.

USD was the most used invoicing currency in Sweden’s extra EU trade in 2025

Figure 1 shows Sweden’s import and export value from and to countries outside EU divided by invoicing currency in 2025. USD was the most common invoicing currency and accounted for half of the total import value (50%) in 2025. The EUR had a share of 26%, followed by OTH with a share of 15% and SEK with a share of 10%.

USD was also the most used currency for Swedish exports to countries outside EU and accounted for 35% of the export value in 2025. The order for the remaining currencies for export differed compared with imports. The share of OTH was 27% and the share of SEK was 24%. EUR had the smallest share among the currencies for the export with 14%.

The share in invoicing currency differs between product groups

Figure 2 och 3 shows the share of the invoicing currency divided by the different product groups according to the Standard International Trade Classification (SITC) for Sweden’s extra EU trade in 2025.

For petroleum products (SITC 33) USD dominated with a share of 99% of the import value in Extra EU trade. USD was also the most used invoicing currency for manufactured goods (SITC 5-8) with a share of 44% of the import value, followed by EUR (25%), OTH (18%) and SEK (13%). In primary goods (SITC 0-4 excluding SITC 33) EUR had the highest share (47%) ahead of USD (32%), OTH (15%) and SEK (7%).

USD was the most used currency while EUR was the least common currency for the Swedish export to countries outside EU in all product groups in 2025. USD accounted for 84% of the total export value of petroleum (SITC 33). For the product group manufactured goods (SITC 5-8) USD had a share of 31% just ahead of OTH (29%) and SEK (25%), while EUR had the lowest share in manufactured goods (16%). In the product group primary goods (SITC 0-4 excluding SITC 33) USD was the most used currency with a share of 41% followed by OTH (25%), SEK (23%) and EUR (11%).

Eurostat publish TIC-data for all member countries in EU. The data show the differences in the member states trade by invoicing currency.