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2023
Flag → Flag
Exports $126MRnk 46 / 198
2023
Flag → Flag
Top Product $11.6MBroadcasting Equipment
2023
Flag → Flag
Exports $435MRnk 48 / 216
2023
Flag → Flag
Top Product $113MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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 GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
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GDP PC$55,517CURRENT US$
Rnk 19 / 196
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Hong Kong-Sweden Trade: In 2023, Hong Kong exported $126M to Sweden. The main products that Hong Kong exported to Sweden were Broadcasting Equipment ($11.6M), Printed Circuit Boards ($8.84M), and Computers ($7.56M). Over the past 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 18.4%, from $349M in 2018 to $126M in 2023.

In 2023, Hong Kong did not export any services to Sweden.

Sweden-Hong Kong Trade: In 2023, Sweden exported $435M to Hong Kong. The main products that Sweden exported to Hong Kong were Packaged Medicaments ($113M), Sulfate Chemical Woodpulp ($49.4M), and Kaolin Coated Paper ($34.9M). Over the past 5 years the exports of Sweden to Hong Kong have increased at an annualized rate of 4.97%,  from $342M in 2018 to $435M in 2023.

In 2020, Sweden exported services to Hong Kong worth $304M, with Other business services ($98.3M), Royalties and license fees ($93.8M), and Personal, cultural, and recreational services ($40.7M) being the largest in terms of value.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $126M to Sweden. The main products exported from Hong Kong to Sweden were Broadcasting Equipment ($11.6M), Printed Circuit Boards ($8.84M), and Computers ($7.56M). During the last 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 18.4%, from $349M in 2018 to $126M in 2023.

In 2018, Sweden exported $435M to Hong Kong. The main products exported from Sweden to Hong Kong were Packaged Medicaments ($113M), Sulfate Chemical Woodpulp ($49.4M), and Kaolin Coated Paper ($34.9M). During the last 5 years the exports of Sweden to Hong Kong have increased at an annualized rate of 4.97%, from $342M in 2023 to $435M in 2018.

Exports from Hong Kong (Flag) to Sweden (Flag) (2023)

Exports from Sweden (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Sweden (Flag)

Hong Kong Exports

Sweden Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Hong Kong than Sweden included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Sweden than Hong Kong included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

Difference in imports from Sweden (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Sweden

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Sweden in the exports of Machines ($75.3M), Instruments ($10.4M), and Miscellaneous ($9.98M).

During 2018, Sweden had a large net trade with Hong Kong in the exports of Chemical Products ($140M), Paper Goods ($98.3M), and Machines ($82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Sweden+$40.4MTelephones
Top Product Potential Sweden Hong Kong+$18.5MTelephones

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.

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Bilateral Service Trade

In 2020, Sweden exported services to Hong Kong worth $304M, with Other business services ($98.3M), Royalties and license fees ($93.8M), and Personal, cultural, and recreational services ($40.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Sweden (Flag) (2023)

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