Flag United Kingdom / Sweden Flag

2020
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Exports
: $5.9B, Rnk 17 / 221

2020
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Top Product
: $683M, Crude Petroleum

2020
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Exports
: $8.28B, Rnk 7 / 216

2020
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Top Product
: $948M, Gold

2020
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Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 127

2020
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Economic Complexity (ECI)
: ECI 1.59, Rnk 7 / 127

2020
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GDP
: $2.76T, CURRENT US$
Rnk 5 / 195

2010-2020
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GDP GROWTH
: 10.8%, CURRENT US$
Rnk 136 / 195

2020
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 GDP
: $541B, CURRENT US$
Rnk 22 / 195

2010-2020
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GDP GROWTH
: 9.16%, CURRENT US$
Rnk 142 / 195

2020
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GDP PC 
: $41,059, CURRENT US$
Rnk 24 / 195

2010-2020
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GDP PC GROWTH
: 3.45%, CURRENT US$
Rnk 124 / 195

2020
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GDP PC
: $52,274, CURRENT US$
Rnk 13 / 195

2010-2020
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GDP PC GROWTH
: -1.12%, CURRENT US$
Rnk 144 / 195

United Kingdom-Sweden In 2020, United Kingdom exported $5.9B to Sweden. The main products that United Kingdom exported to Sweden are Crude Petroleum ($683M), Cars ($466M), and Motor vehicles; parts and accessories (8701 to 8705) ($287M). During the last 25 years the exports of United Kingdom to Sweden have decreased at an annualized rate of 0.21%, from $6.21B in 1995 to $5.9B in 2020.

In 2019, United Kingdom exported services to Sweden worth $5.94B, with Other business services ($2.86B), Travel ($1.2B), and Financial services ($947M) being the largest in terms of value.

Sweden-United Kingdom In 2020, Sweden exported $8.28B to United Kingdom . The main products that Sweden exported to United Kingdom were Gold ($948M), Sawn Wood ($679M), and Cars ($635M). During the last 25 years the exports of Sweden to United Kingdom have increased at an annualized rate of 0.49%, from $7.33B in 1995 to $8.28B in 2020.

In 2019, Sweden exported services to United Kingdom worth $703M, with Other business services ($217M), Royalties and license fees ($196M), and Computer and information services ($87.2M) being the largest in terms of value.

Comparison In 2020,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.42), and 11 in total exports ($371B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, United Kingdom exported $5.9B to Sweden. The main products exported from United Kingdom to Sweden were Crude Petroleum ($683M), Cars ($466M), and Motor vehicles; parts and accessories (8701 to 8705) ($287M). During the last 25 years the exports of United Kingdom to Sweden have decreased at an annualized rate of 0.21%, from $6.21B in 1995 to $5.9B in 2020.

In 2020, Sweden exported $8.28B to United Kingdom. The main products exported from Sweden to United Kingdom were Gold ($948M), Sawn Wood ($679M), and Cars ($635M). During the last 25 years the exports of Sweden to United Kingdom have increased at an annualized rate of 0.49%, from $7.33B in 1995 to $8.28B in 2020.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $51.7B

Sweden
Top Destination
: Germany, $15.9B

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

In 2019, countries that imported more from United Kingdom than Sweden were United States ($51.7B), Ireland ($26.8B), and Germany ($39.9B).

In 2019, countries that imported more from Sweden than United Kingdom were Norway ($14.2B), Denmark ($11.6B), and Finland ($9.44B).

Comparative Advantage United Kingdom - Sweden

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Flow

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

During 2020, United Kingdom had a large net trade with Sweden in the exports of Machines ($1.34B), Chemical Products ($885M), and Transportation ($885M).

During 2020, Sweden had a large net trade with United Kingdom in the exports of Machines ($1.24B), Precious Metals ($1.23B), and Transportation ($981M).

Bilateral Service Trade

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In 2019, United Kingdom exported services to Sweden worth $5.94B, with Other business services ($2.86B), Travel ($1.2B), and Financial services ($947M) being the largest in terms of value.

In 2019, Sweden exported services to United Kingdom worth $703M, with Other business services ($217M), Royalties and license fees ($196M), and Computer and information services ($87.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 United Kingdom has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over United Kingdom.