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2022
Flag → Flag
Exports $1.18BRnk 57 / 217
2022
Flag → Flag
Top Product $77MOther Engines
2022
Flag → Flag
Exports $1.67BRnk 23 / 217
2022
Flag → Flag
Top Product $131MDissolving Grades Chemical Woodpulp
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

India-Sweden Trade: In 2022, India exported $1.18B to Sweden. The main products that India exported to Sweden were Other Engines ($77M), Motor vehicles; parts and accessories (8701 to 8705) ($64.3M), and Refined Petroleum ($44.1M). Over the past 5 years the exports of India to Sweden have increased at an annualized rate of 7.52%, from $825M in 2017 to $1.18B in 2022.

In 2022, India did not export any services to Sweden.

Sweden-India Trade: In 2022, Sweden exported $1.67B to India. The main products that Sweden exported to India were Dissolving Grades Chemical Woodpulp ($131M), Delivery Trucks ($76.5M), and Scrap Iron ($75.1M). Over the past 5 years the exports of Sweden to India have increased at an annualized rate of 5.32%,  from $1.29B in 2017 to $1.67B in 2022.

In 2020, Sweden exported services to India worth $424M, with Computer and information services ($266M), Other business services ($48.7M), and Insurance services ($34.8M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Latest Trends

July, 2024

About

Overview In July 2024, India exported $93.9M and imported $140M from Sweden, resulting in a negative trade balance of $46.2M. Between July 2023 and July 2024 the exports of India have increased by $12.8M (15.8%) from $81.1M to $93.9M, while imports decreased by $-22.8M (-14%) from $163M to $140M.

Trade In July 2024, the top exports of India to Sweden were Rmg Cotton Incl Accessories ($8.82M), Electric Machinery And Equipme ($5.31M), Auto Components/Parts ($5.22M), Products Of Iron And Steel ($3.9M), and Rmg Of Othr Textle Matrl ($3.84M). In July 2024 the top imports of India from Sweden were Iron And Steel ($22.8M), Pulp And Waste Paper ($16.3M), Paper, Paper Board And Product ($12.3M), Auto Components/Parts ($11.3M), and Indl. Machnry For Dairy Etc ($9.19M).

Growth In July 2024, the increase in India's year-by-year exports to Sweden was explained primarily by an increase in product exports in Electric Machinery And Equipme ($2.75M or 107%), Aluminium, Products Of Aluminm ($1.9M or 196%), and Optical Items (Incl.Lens Etc) ($1.67M or 229%). In July 2024, the decrease in India's year-by-year imports  from Sweden was explained primarily by an decrease in product imports  in Project Goods ($-17.3M or -89.8%), Organic Chemicals ($-3.38M or -53.8%), and Copper And Prdcts Made Of Copr ($-1.51M or -38.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$12.8M(15.8%)
IMPORT GROWTH (July 2023 - July 2024)$-22.8M(-14%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Sweden and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.18B to Sweden. The main products exported from India to Sweden were Other Engines ($77M), Motor vehicles; parts and accessories (8701 to 8705) ($64.3M), and Refined Petroleum ($44.1M). During the last 5 years the exports of India to Sweden have increased at an annualized rate of 7.52%, from $825M in 2017 to $1.18B in 2022.

In 2017, Sweden exported $1.67B to India. The main products exported from Sweden to India were Dissolving Grades Chemical Woodpulp ($131M), Delivery Trucks ($76.5M), and Scrap Iron ($75.1M). During the last 5 years the exports of Sweden to India have increased at an annualized rate of 5.32%, from $1.29B in 2022 to $1.67B in 2017.

Exports from India (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from India than Sweden included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

Difference in imports from Sweden (Flag) and India (Flag) (2022)

Comparative Advantage India - Sweden

Flow
Scale

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

During 2022, India had a large net trade with Sweden in the exports of Textiles ($290M), Machines ($284M), and Metals ($128M).

During 2017, Sweden had a large net trade with India in the exports of Machines ($400M), Metals ($382M), and Paper Goods ($329M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Sweden+$144MRefined Petroleum
Top Product Potential Sweden India+$65.6MMotor vehicles; parts and accessories (8701 to 8705)

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 India worth $424M, with Computer and information services ($266M), Other business services ($48.7M), and Insurance services ($34.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Sweden (Flag) (2022)

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