The Export Managers’ Index (EMI) which monitors views and reflects sentiment among Swedish exporters of goods and services, continued to rise in the first quarter and recaptured its record. EMI increased by 3.3 points from 67.6 the previous quarter and once again hit its highest level of 70.9, which was observed in the second quarter last year.

The increase was fuelled by unusually high optimism in the views of current export development, where the current index jumped by 6.6 points to a new record of 77.9. EMI forecast, which is the sub-index for forward-looking issues, was virtually unchanged with a marginal uptick of 0.1 points to 63.9.

The most notable outcome of this year’s first survey was the record results observed in the index monitoring views of export order stocks, which rose by 5.9 points to 79.1, as well as the index for current profitability of export sales which rose considerably by 5 points to a record high 80.5 in the first quarter.

The index for expected export demand from the regions still gives a fragmented picture. Asia continued its robust recovery in the first quarter, while indices for North and South America fell sharply. Nonetheless, the fact that all indices are above 50 – the dividing line between optimism and pessimism – indicates that export companies have an optimistic view of expected export demand from all regions in the next three months.

In all, we can observe that this year's first Export Managers’ Index signals a remarkably robust development in export markets. This points to another strong year for Swedish exports.

Download the report for a full overview of the results.  

The next Export Managers’ Index will be published 12 May 2022.

Export manager's index

PDF - 2 mb
Weighted timeseries EMI Q1 2022
XLSX - 57 kb


About The analysis

Business Sweden’s Export Managers’ Index is a quarterly index showing the current mood of Swedish exporting companies as well as their near-future outlook for exports to the regions of the world.

The index is a measure of companies’ perceived export demand in the market, where a level above 50 indicates market expansion and a level below 50 indicates market contraction. The index can be split into subindices for current and forecast export demand, and contains information on export sales, expected regional demand and perceived order stock.

The survey is conducted by Statistics Sweden (SCB). Business Sweden’s Export Managers’ Index is a leading indicator of the development of Sweden’s economy. 

Publishing dates 2022

Below are the Swedish publishing dates of the EMI report. The English version is available on the website a few days after. 

10 February: EMI Q1 
12 May: EMI Q2
25 August: EMI Q3 
10 November: EMI Q4 

Previous analyses

Export manager's index Q4 2021
PDF - 1 mb
Export Managers’ Index Q3 2021
PDF - 2 mb
Export Managers' Index Q2 2021
PDF - 4 mb
Export Managers' Index Q1 2021
PDF - 2 mb


Export Managers' Index Q4 2020
PDF - 1 mb
PDF - 1 mb
PDF - 1 mb
Export Managers Index, Q1 2020
PDF - 3 mb


Export Managers Index, Q4 2019
PDF - 1 mb
Export Managers Index, Q3 2019
PDF - 786 kb
Export Managers Index, Q2 2019
PDF - 933 kb
Export Managers Index, Q1 2019
PDF - 1 mb


Export Managers Index, Q4 2018
PDF - 1 mb
Export Managers Index, Q3 2018
PDF - 1 mb
Export Managers Index, Q2 2018
PDF - 978 kb
Export Managers Index, Q1 2018
PDF - 7 mb


Export Managers Index, Q4 2017
PDF - 1 mb
Export Managers Index, Q3 2017
PDF - 1 mb
Export Managers Index, Q2 2017
PDF - 647 kb
Export Managers Index, Q1 2017
PDF - 776 kb