Sweden SE: Imports: All Services: Manufacturing Services On Physical Inputs Owned By Others

Sweden SE: Imports: All Services: Manufacturing Services On Physical Inputs Owned By Others data was reported at 33,025.700 SEK mn in 2023. This records an increase from the previous number of 26,542.100 SEK mn for 2022. Sweden SE: Imports: All Services: Manufacturing Services On Physical Inputs Owned By Others data is updated yearly, averaging 11,447.200 SEK mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 33,025.700 SEK mn in 2023 and a record low of 5,759.300 SEK mn in 2013. Sweden SE: Imports: All Services: Manufacturing Services On Physical Inputs Owned By Others data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Sweden – Table SE.OECD.TISP: Trade in Services: Imports: by Services: OECD Member: Annual. Manufacturing services on physical inputs owned by others includes activities such as processing, assembly, labelling and packing that are undertaken by enterprises that do not own the goods. Examples include oil refining, liquefaction of natural gas and assembly of clothing and electronics. Excluded are the assembly of prefabricated construction (included in construction) and labelling, and packing incidental to transport (included in transport services).The manufacturing is undertaken by an entity that does not own the goods and that is paid a fee by the owner. The ownership of the goods does not change, so no general merchandise transaction is recorded between the processor and the owner. Only the fee charged by the processor is included under this item, although such a fee may include the cost of materials purchased by the processor.An international trade element exists where the work done is by a resident of one economy for the owner of the goods who is resident in another economy. The treatment of these services is not conditional on whether the goods were previously or subsequently in the physical possession of the owner or not.

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