Austria (AUT) and Sweden (SWE) Trade | The Observatory of Economic Complexity

About

Austria-Sweden Trade: In 2022, Austria exported $1.82B to Sweden. The main products that Austria exported to Sweden were Carbides ($96.6M), Flavored Water ($77M), and Vaccines, blood, antisera, toxins and cultures ($72.6M). Over the past 5 years the exports of Austria to Sweden have increased at an annualized rate of 17.7%, from $807M in 2017 to $1.82B in 2022.

In 2020, Austria exported services to Sweden worth $835M, with Transportation ($370M), Other business services ($203M), and Travel ($119M) being the largest in terms of value.

Sweden-Austria Trade: In 2022, Sweden exported $1.48B to Austria. The main products that Sweden exported to Austria were Vaccines, blood, antisera, toxins and cultures ($306M), Packaged Medicaments ($108M), and Cars ($84.5M). Over the past 5 years the exports of Sweden to Austria have increased at an annualized rate of 8.01%, from $1.01B in 2017 to $1.48B in 2022.

In 2020, Sweden exported services to Austria worth $664M, with Travel ($170M), Royalties and license fees ($146M), and Transportation ($105M) being the largest in terms of value.

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $1.82B to Sweden. The main products exported from Austria to Sweden were Carbides ($96.6M), Flavored Water ($77M), and Vaccines, blood, antisera, toxins and cultures ($72.6M). During the last 5 years the exports of Austria to Sweden have increased at an annualized rate of 17.7%, from $807M in 2017 to $1.82B in 2022.

In 2017, Sweden exported $1.48B to Austria. The main products exported from Sweden to Austria were Vaccines, blood, antisera, toxins and cultures ($306M), Packaged Medicaments ($108M), and Cars ($84.5M). During the last 22 years the exports of Sweden to Austria have increased at an annualized rate of 8.01%, from $1.01B in 1995 to $1.48B in 2017.

Exports from Austria () to Sweden () (2022)

Exports from Sweden () to Austria () (2022)

Latest Data

Trade between Austria () and Sweden ()

Austria Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Sweden
Top DestinationGermany$19.2B

This map shows whether countries import more from Austria or Sweden. Each country is colored based on the difference in imports they receive from Austria and Sweden or the difference in the growth in imports.

In 2022, countries that imported more from Austria than Sweden included Germany ($57.7B), Switzerland ($11.2B), and Hungary ($10.4B).

In 2022, countries that imported more from Sweden than Austria included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

Difference in imports from Sweden () and Austria () (2022)

Comparative Advantage Austria - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Austria and Sweden by product, considering products traded by both, Austria and Sweden.

During 2022, Austria had a large net trade with Sweden in the exports of Machines ($642M), Metals ($439M), and Chemical Products ($270M).

During 2017, Sweden had a large net trade with Austria in the exports of Chemical Products ($487M), Machines ($364M), and Paper Goods ($265M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Sweden+$45.7MCars

Top Product Potential Sweden Austria+$70.7MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Swe Year

Aut Year

In 2020, Austria exported services to Sweden worth $835M, with Transportation ($370M), Other business services ($203M), and Travel ($119M) being the largest in terms of value.

In 2020, Sweden exported services to Austria worth $664M, with Travel ($170M), Royalties and license fees ($146M), and Transportation ($105M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Sweden () (2020)

Services Exports from Sweden () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Austria and Sweden. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Sweden () (2022)

Exports from Sweden () to Austria () (2022)

Latest Data

Trade between Austria () and Sweden ()

Austria Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Austria () (2022)

Comparative Advantage Austria - Sweden

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Austria () to Sweden () (2020)

Services Exports from Sweden () to Austria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Austria () and Sweden () (2022)

Keep Exploring