Swedish mining industry

From the Swedish bedrock to the world

Sweden exported ores, metals and minerals worth approximately SEK 120 billion in 2019. This is approximately 8% of total Swedish exports of goods. Europe is the largest market, followed by Asia and MENA.

The successful collaboration between mining companies, technology companies and academia, primarily Luleå University of Technology, means that Sweden not only exports products from the mine but also world-leading technology and equipment thanks to a unique research and innovation environment.

Epiroc, ABB, Sandvik, Metso-Outotec are mining technology companies with strong ties to Sweden. Together, they had global sales that exceeded SEK 150 billion.

Epiroc and Sandvik alone account for more than 60% of the world market for underground technology.

Source: SCB, annual reports