During the 1980s many economists started to use the term globalization as a catchword for an increased interaction between countries in world trade. The literature does not provide a clear definition of globalization. We set up a number of criteria and formulate hypotheses about globalization that we explore for Swedish export flows during the years 1965-2000. Globalization, in this study, is referred to as increases in country diversity, extended transport radii, less effect of distance on trade flows, and the ratio of exports to the importing countries’ incomes. The results from the empirical analysis do not support the hypotheses of increasing trade globalization. It is rather the case that export flows are becoming more internationally regionalized.