Kind of a complex question. Which; Sweden, or Italy, had the greater potential for industrial support to Germany from mid 1943-44. We know the Iron Ore was supposed to be important, then there were Swedish made ballbearings. Did either export significant amounts of food to Germany? Anything else?
My take is Italy had more potiential through its machine tool industry and small manufactoring. The Aluminum supply for the Axis makes Italian airframe construction capacity redundant. But its small parts industry would be larger than Swedens. Am I correct this is more important than the Swedish ore at the time?
Sweden vs Italy Potential 1944
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