Sweden

ECON COMPLEXITY (2018)

1.66

RANK 7 OF 137

PRODUCT EXPORTS (2018)

$162B

RANK 32 OF 222

EXPORTS PER CAPITA (2018)

$16K

RANK 121 OF 219

PRODUCT IMPORTS (2018)

$160B

RANK 31 OF 221

IMPORTS PER CAPITA (2018)

$15.7K

RANK 126 of 219

SERVICE EXPORTS (2017)

$66.3B

RANK 21 OF 139

SERVICE IMPORTS (2017)

$60.2B

RANK 22 OF 139

GDP (2018)

$556B

CURRENT US$
RANK 22 OF 196

GDP GROWTH (2008-2018)

7.89%

CURRENT US$
RANK 149 OF 196

GDP PC (2018)

$54,608

CURRENT US$
RANK 13 OF 196

GDP PC GROWTH (2008-2018)

-2.32%

Overview: This page contains the latest international trade data for Sweden, including service trade data, and tariffs. In 2018 Sweden was the number 22 economy in the world in terms of GDP (current US$), the number 32 in total exports, the number 31 in total imports, and the number 7 most complex economy according to the Economic Complexity Index (ECI). In 2018, Sweden exported $162B and imported $160B, resulting in a positive trade balance of $2.37B. In 2018, Sweden’s exports per capita were $16k and its imports per capita were $15.7k.

Trade: The top exports of Sweden are Cars ($11.9B), Refined Petroleum ($10B), Packaged Medicaments ($6.9B), Vehicle Parts($5.6B), and Broadcasting Equipment ($3.74B). The top imports of Sweden are Cars ($8.81B), Crude Petroleum ($8.75B), Refined Petroleum ($6.87B), Vehicle Parts ($6.42B), and Broadcasting Equipment ($5.17B).

Destinations: Sweden exports mostly to Germany ($17.4B), Norway($15.2B), Denmark ($11.2B), United States ($11.1B), and Netherlands($9.44B), and imports mostly from Germany ($30B), Netherlands($13.8B), Denmark ($11.2B), Norway ($9.8B), and China ($7.92B).

Location: Sweden borders Finland and Norway by land and Denmark, Estonia, Germany, Latvia, Lithuania, Poland, and Russia by sea.

Exports

In 2018 Sweden exported a total of $162B, making it the number 32 exporter in the world. During the last five reported years the exports of Sweden have changed by -$3.04B from $165B in 2013 to $162B in 2018.

The most recent exports are led by Cars ($11.9B), Refined Petroleum ($10B), Packaged Medicaments ($6.9B), Vehicle Parts ($5.6B), and Broadcasting Equipment ($3.74B).

Imports

In 2018 Sweden imported $160B, making it the number 31 trade destination in the world. During the last five reported years the imports of Sweden changed by $7.3B from $153B in 2013 to $160B in 2018.

The most recent imports of Sweden are led by Cars ($8.81B), Crude Petroleum ($8.75B), Refined Petroleum ($6.87B), Vehicle Parts ($6.42B), and Broadcasting Equipment ($5.17B).

Trade Balance

As of 2018 Sweden had a positive trade balance of $2.28B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $14.6B in net exports.

Destinations

The most common destination for the exports of Sweden are Germany ($17.4B), Norway ($15.2B), Denmark ($11.2B), United States ($11.1B), and Netherlands ($9.44B).

Origins

The most common import partners for Sweden are Germany ($30B), Netherlands ($13.8B), Denmark ($11.2B), Norway ($9.8B), and China ($7.92B).