Sweden and Ukraine share strong and growing economic ties. Sweden is Ukraine’s largest Northern European trading partner, and more than 80 Swedish companies are currently active in the Ukrainian market.
Sixty-five per cent of respondents in this year’s Business Climate Survey reported a profitable year in 2024, and over half of Swedish businesses in Ukraine expect industry growth in the next 12 months.
Swedish businesses are widely recognised and respected in Ukraine. Swedish products and services are associated with quality, innovation, and ethical standards, and this reputation significantly enhances the ability of Swedish companies to build trust and form meaningful local partnerships. The ‘Swedish brand’ continues to be a competitive advantage, especially in a market where transparency, reliability, and sustainability matter more than ever.
In closing, we wish to express our sincere appreciation to all Swedish companies operating in Ukraine. Your resilience, professionalism, and long-term commitment, demonstrated in the face of immense uncertainty, are not only admirable but a critical contribution to Ukraine’s recovery.
Together, we will continue to support Ukraine’s reconstruction, growth, and integration into European and transatlantic frameworks – and deepen the enduring ties between Sweden and Ukraine in the years ahead.
Want to read a full overview of the survey results with a detailed analysis? Download the report today.
ABOUT THE SURVEY
This survey offers critical insights into how Swedish companies are navigating the complex landscape, what they see as key opportunities, and where they encounter challenges - from customs and regulation to infrastructure and financial access.
Business Sweden conducted the survey in early 2025. Approximately 60 Swedish companies active in Ukraine were invited to participate, out of which 34 companies responded.
We are deeply grateful to the companies that took the time to share their experiences – your perspectives are essential in shaping both strategic priorities and practical solutions
