2021
Flag  
GDP
$2TCURRENT US$
Rnk 9 / 204
2011-2021
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 139 / 204
2021
Flag
 GDP
$637BCURRENT US$
Rnk 22 / 204
2011-2021
Flag
GDP GROWTH
10.9%CURRENT US$
Rnk 143 / 204
2021
Flag
GDP PC 
$52,359CURRENT US$
Rnk 23 / 204
2011-2021
Flag
GDP PC GROWTH
0.26%CURRENT US$
Rnk 143 / 204
2021
Flag
GDP PC
$61,143CURRENT US$
Rnk 16 / 204
2011-2021
Flag
GDP PC GROWTH
0.64%CURRENT US$
Rnk 142 / 204

About

Canada-Sweden In 2021, Canada exported $408M to Sweden. The main products that Canada exported to Sweden are Copper Ore ($94.9M), Raw Nickel ($17.3M), and Fork-Lifts ($9.06M). During the last 26 years the exports of Canada to Sweden have increased at an annualized rate of 1.07%, from $309M in 1995 to $408M in 2021.

In 2020, Canada exported services to Sweden worth $111M, with Royalties and license fees ($47M), Transportation ($27.6M), and Travel ($18.6M) being the largest in terms of value.

Sweden-Canada In 2021, Sweden exported $1.46B to Canada. The main products that Sweden exported to Canada were Packaged Medicaments ($224M), Cars ($140M), and Refined Petroleum ($59.9M). During the last 26 years the exports of Sweden to Canada have increased at an annualized rate of 1.44%, from $1.01B in 1995 to $1.46B in 2021.

In 2020, Sweden exported services to Canada worth $1.19B, with Personal, cultural, and recreational services ($778M), Computer and information services ($156M), and Other business services ($122M) being the largest in terms of value.

Comparison In 2021,  Canada ranked 32 in the Economic Complexity Index (ECI 0.9), and 9 in total exports ($484B). That same year, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Canada exported $408M to Sweden. The main products exported from Canada to Sweden were Copper Ore ($94.9M), Raw Nickel ($17.3M), and Fork-Lifts ($9.06M). During the last 26 years the exports of Canada to Sweden have increased at an annualized rate of 1.07%, from $309M in 1995 to $408M in 2021.

In 2021, Sweden exported $1.46B to Canada. The main products exported from Sweden to Canada were Packaged Medicaments ($224M), Cars ($140M), and Refined Petroleum ($59.9M). During the last 26 years the exports of Sweden to Canada have increased at an annualized rate of 1.44%, from $1.01B in 1995 to $1.46B in 2021.

Exports from Canada (Flag) to Sweden (Flag) (2021)

Exports from Sweden (Flag) to Canada (Flag) (2021)

Market Competitiveness

Color
Canada
Top Destination
United States$355B
Sweden
Top Destination
Germany$19.1B

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

In 2021, countries that imported more from Canada than Sweden were United States ($355B), China ($22.5B), and Japan ($11.9B).

In 2021, countries that imported more from Sweden than Canada were Norway ($17.4B), Denmark ($14.5B), and Germany ($19.1B).

Difference in imports from Sweden (Flag) and Canada (Flag) (2021)

Comparative Advantage Canada - Sweden

Flow
Scale

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

During 2021, Canada had a large net trade with Sweden in the exports of Mineral Products ($103M), Machines ($101M), and Metals ($47.6M).

During 2021, Sweden had a large net trade with Canada in the exports of Machines ($488M), Chemical Products ($299M), and Transportation ($192M).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Sweden worth $111M, with Royalties and license fees ($47M), Transportation ($27.6M), and Travel ($18.6M) being the largest in terms of value.

In 2020, Sweden exported services to Canada worth $1.19B, with Personal, cultural, and recreational services ($778M), Computer and information services ($156M), and Other business services ($122M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Sweden (Flag) (2020)

Services Exports from Sweden (Flag) to Canada (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over Canada.

Product Space of Canada (Flag) and Sweden (Flag) (2021)

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