SWEDEN & AUSTRALIA 100+ YEARS OF DOING BUSINESS
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2 SWEDEN & AUSTRALIA 100+ YEARS OF DOING BUSINESS Sweden and Australia s history of doing business dates back to the late 19 th century. The Swedish Australian Chamber of Commerce was established over 100 years ago in 1911 and by the end of World War I a significant number of Swedish businesses were present - ABB, Alfa Laval, Ericsson, SKF and Wallenius Wilhelmsen being some of the pioneers. Today there are over 500 Swedish companies that do business with Australia and it is one of our most important trading partners. This report has been conducted to show the current Swedish business footprint in Australia, including foreign investment, exports and companies present. Information has been gathered from open sources and from Swedish companies present in Australia. Thank you to the Swedish Embassy, Swedish Australian Chamber of Commerce, Business Sweden and the Swedish companies in Australia that have participated in this study.
3 AUSTRALIA IS SWEDEN S 5 TH LARGEST TRADING PARTNER OUTSIDE EUROPE Sweden s Merchandise Export to Australia (maud) CAGR = 30% 1 Norway 2 Germany 3 United Kingdom 4 Finland 5 Denmark 6 USA 7 The Netherlands 8 Belgium 9 France 10 China 11 Poland 12 Italy 13 Russia 14 Spain 15 Japan 16 Turkey 17 Switzerland 18 Saudi Arabia 19 AUSTRALIA 20 India SOURCE: ABS, SCB
4 LEVEL OF SWEDISH FOREIGN INVESTMENT IN AUSTRALIA HAS INCREASED SIXFOLD SINCE Swedish Foreign Investment in Australia Swedish Foreign Direct Investment in Australia SOURCE: ABS
5 HEALTHCARE, ENGINEERING EQUIPMENT & VEHICLE PARTS ARE MAIN SWEDISH EXPORTS TO AUSTRALIA RETAIL & CONSUMER GOODS 25% 63% 12% ENGINEERING PRODUCTS, VEHICLE PARTS
6 TOP 90 SWEDISH COMPANIES HAVE SIGNIFICANT PRESENCE IN ALL STATES AND TERRITORIES 90 $ 12 BILLION COMPANIES DIRECT EMPLOYEES JOBS GENERATED $ 2,5 BILLION 500 PREMISES Presence of Swedish companies in each state and territory (based on number of companies) Besides the top 90 an additional estimate of 450 Swedish companies do business in Australia via partners, distributors, agents
7 SWEDEN AND AUSTRALIA HAVE EXTENSIVE ACADEMIC AND R&D COLLABORATIONS 4 TH MOST ACADEMIC COLLABORATIONS SWEDEN HAS THE 4 TH MOST ACADEMIC COLLABORATIONS WITH AUSTRALIA OUT OF THE EUROPEAN COUNTRIES WITH 200 SIGNED AGREEMENTS 1 STUDENTS 600 FROM SWEDEN TO AUSTRALIA PER YEAR 37 & 29 UNIVERSITIES AUSTRALIAN SWEDISH 200 SIGNED 500 STUDENTS INVOLVED IN COLLABORATIONS AGREEMENTS FROM AUSTRALIA TO SWEDEN PER YEAR AUSTRALIAN UNIVERSITY LINKS WITH WESTERN EUROPE ONGOING R&D PROJECTS IN AUSTRALIA WHERE SWEDISH COMPANIES ARE INVOLVED. INVESTMENTS IN R&D CLOSE TO $100M AGREEMENTS PER COUNTRY
8 SWEDISH FOOTPRINT IN NEW SOUTH WALES 67 $ 4 BILLION EMPLOYEES COMPANIES JOBS GENERATED $ PREMISES
9 SWEDISH FOOTPRINT IN VICTORIA 54 $ 2.7 BILLION EMPLOYEES COMPANIES JOBS GENERATED $ PREMISES
10 SWEDISH FOOTPRINT IN WESTERN AUSTRALIA 35 $ 1.3 BILLION EMPLOYEES COMPANIES JOBS GENERATED $ PREMISES
11 SWEDISH FOOTPRINT IN QUEENSLAND 45 $ 2.2 BILLION COMPANIES 3 EMPLOYEES 700 $ JOBS GENERATED 95 PREMISES
12 SWEDISH FOOTPRINT IN AUSTRALIAN CAPITAL TERRITORY 13 $ 250 COMPANIES 420 EMPLOYEES JOBS GENERATED $ PREMISES
13 SWEDISH FOOTPRINT IN TASMANIA 11 $ 180 COMPANIES 300 EMPLOYEES $ JOBS GENERATED 25 PREMISES
14 SWEDISH FOOTPRINT IN SOUTH AUSTRALIA 28 $ 900 COMPANIES 1 EMPLOYEES JOBS GENERATED $ PREMISES
15 SWEDISH FOOTPRINT IN NORTHERN TERRITORY 11 COMPANIES $ EMPLOYEES 600 JOBS GENERATED $ PREMISES
16 SELECTION OF SWEDISH COMPANIES IN AUSTRALIA
17 IF YOU HAVE ANY QUESTIONS OR NEED MORE INFORMATION PLEASE CONTACT Business Sweden Phone: sydney@business-sweden.se
SWEDISH BUSINESS FOOTPRINT IN AUSTRALIA SUPPORTED BY BUSINESS SWEDEN, EMBASSY OF SWEDEN AND SWEDISH AUSTRALIAN CHAMBER OF COMMERCE
SWEDISH BUSINESS FOOTPRINT IN AUSTRALIA SUPPORTED BY BUSINESS SWEDEN, EMBASSY OF SWEDEN AND SWEDISH AUSTRALIAN CHAMBER OF COMMERCE SWEDEN & AUSTRALIA 100+ YEARS OF DOING BUSINESS Sweden and Australia s
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