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918

(1904) Author: Gustav Sundbärg
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918

XI. COMMERCE! OF SWEDEN.

The value of Exports from, Sweden, in 1866/1898.

partly explained by the fact that, half a century ago, our country
still lay, as it were, outside the system of international communication.
Between 1850 and 1870, there was a transition in this respect to the
modern state of things. There is an enormous stride between the two
periods 1866/70 and 1871/75; during the former, our commercial exchange
amounted to 259 million kronor annually, during the latter to 451
million kronor, or nearly 75 •/, more.

As in the majority of European countries in our time, thus in
Sweden too, the commercial statistics show a growing inferiority in the
money-value of the exports in relation to that of the imports. It is,
however, hardly necessary to enter into the details of the general
principles explaining this circumstance, and showing that the difference
is, at least in part, only seeming. As to the very strong growth
of imports in our country, during the last few years, it is partly
explained by increased consumption, but still more by an increased
demand for raw materials and machinery for the very flourishing
manufacturing industry. From this point of view, the increase of imports
is naturally a very happy circumstance, provided, however, that the
exports of the immediate future bear testimony of a consequent increase
also in the exporting ability of our industries.

That the exports have hitherto, during latter years, shown a
comparatively smaller increase is partly explained by the fact of corrections

1 In each of the years 1899—1902 the Export values amounted to respectively 358.
391, 354. and 392 million kronor, see Table 129, p. 917.

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