The economy of Sweden is a developed export-oriented economy aided by timber, hydropower, and iron ore .These constitute the resource base of an economy oriented toward foreign trade.owever, at the same time the Swedish industry has received less money for its exports while the import prices have gone up. During the period 1995–2003 the export prices were reduced by 4% at the same time as the import prices climbed by 11%. The net effect is that the Swedish terms-of-trade fell 13%.