Flag United Kingdom / Sweden Flag

2021
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Exports
: $5.85B, Rnk 19 / 222

2021
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Top Product
: $675M, Crude Petroleum

2021
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Exports
: $10.2B, Rnk 6 / 219

2021
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Top Product
: $1.29B, Refined Petroleum

2021
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Economic Complexity (ECI)
: ECI 1.43, Rnk 11 / 131

2021
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Economic Complexity (ECI)
: ECI 1.54, Rnk 8 / 131

2021
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GDP
: $3.19T, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP GROWTH
: 19.1%, CURRENT US$
Rnk 110 / 182

2021
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 GDP
: $627B, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP GROWTH
: 9.29%, CURRENT US$
Rnk 133 / 182

2021
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GDP PC 
: $47,334, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP PC GROWTH
: 11.9%, CURRENT US$
Rnk 98 / 182

2021
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GDP PC
: $60,239, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP PC GROWTH
: -0.85%, CURRENT US$
Rnk 130 / 182

United Kingdom-Sweden In 2021, United Kingdom exported $5.85B to Sweden. The main products that United Kingdom exported to Sweden are Crude Petroleum ($675M), Cars ($549M), and Stainless Steel Ingots ($420M). During the last 26 years the exports of United Kingdom to Sweden have decreased at an annualized rate of 0.23%, from $6.21B in 1995 to $5.85B in 2021.

In 2019, United Kingdom exported services to Sweden worth $5.21B, with Other business services ($2.51B), Travel ($1.05B), and Financial services ($830M) being the largest in terms of value.

Sweden-United Kingdom In 2021, Sweden exported $10.2B to United Kingdom. The main products that Sweden exported to United Kingdom were Refined Petroleum ($1.29B), Sawn Wood ($1.27B), and Gold ($640M). During the last 26 years the exports of Sweden to United Kingdom have increased at an annualized rate of 1.26%, from $7.35B in 1995 to $10.2B in 2021.

In 2020, Sweden exported services to United Kingdom worth $6.41B, with Other business services ($2.26B), Royalties and license fees ($1.58B), and Computer and information services ($1.13B) being the largest in terms of value.

Comparison In 2021,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43), and 13 in total exports ($420B). That same year, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, United Kingdom exported $5.85B to Sweden. The main products exported from United Kingdom to Sweden were Crude Petroleum ($675M), Cars ($549M), and Stainless Steel Ingots ($420M). During the last 26 years the exports of United Kingdom to Sweden have decreased at an annualized rate of 0.23%, from $6.21B in 1995 to $5.85B in 2021.

In 2021, Sweden exported $10.2B to United Kingdom. The main products exported from Sweden to United Kingdom were Refined Petroleum ($1.29B), Sawn Wood ($1.27B), and Gold ($640M). During the last 26 years the exports of Sweden to United Kingdom have increased at an annualized rate of 1.26%, from $7.35B in 1995 to $10.2B in 2021.

Market Competitiveness

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Color

United Kingdom
Top Destination
: United States, $56.1B

Sweden
Top Destination
: Germany, $19.1B

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 2021, countries that imported more from United Kingdom than Sweden were United States ($56.1B), Ireland ($28.4B), and Netherlands ($34.6B).

In 2021, countries that imported more from Sweden than United Kingdom were Norway ($17.4B), Denmark ($14.5B), and Finland ($11.9B).

Comparative Advantage United Kingdom - Sweden

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Flow
Scale

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

During 2021, United Kingdom had a large net trade with Sweden in the exports of Machines ($1.26B), Transportation ($1.06B), and Metals ($947M).

During 2021, Sweden had a large net trade with United Kingdom in the exports of Mineral Products ($1.81B), Machines ($1.5B), and Wood Products ($1.32B).

Bilateral Service Trade

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In 2019, United Kingdom exported services to Sweden worth $5.21B, with Other business services ($2.51B), Travel ($1.05B), and Financial services ($830M) being the largest in terms of value.

In 2020, Sweden exported services to United Kingdom worth $6.41B, with Other business services ($2.26B), Royalties and license fees ($1.58B), and Computer and information services ($1.13B) 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.