Ireland (IRL) and Sweden (SWE) Trade | OEC - The Observatory of Economic Complexity

About

Ireland-Sweden In 2021, Ireland exported $2.07B to Sweden. The main products that Ireland exported to Sweden are Broadcasting Equipment ($517M), Computers ($236M), and Video and Card Games ($156M). During the last 26 years the exports of Ireland to Sweden have increased at an annualized rate of 3.41%, from $867M in 1995 to $2.07B in 2021.

In 2020, Ireland exported services to Sweden worth $1.35B, with Other business services ($798M), Insurance services ($259M), and Financial services ($207M) being the largest in terms of value.

Sweden-Ireland In 2021, Sweden exported $891M to Ireland. The main products that Sweden exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($107M), Refined Petroleum ($90.4M), and Sawn Wood ($55.6M). During the last 26 years the exports of Sweden to Ireland have increased at an annualized rate of 2.34%, from $489M in 1995 to $891M in 2021.

In 2020, Sweden exported services to Ireland worth $1.73B, with Other business services ($719M), Computer and information services ($589M), and Personal, cultural, and recreational services ($117M) being the largest in terms of value.

Comparison In 2021, Ireland ranked 17 in the Economic Complexity Index (ECI 1.29), and 30 in total exports ($212B). That same year, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B).

Latest Trends

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February, 2023

About

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Overview In February 2023, Ireland exported €71.4M and imported €63M from Sweden, resulting in a positive trade balance of €8.34M. Between February 2022 and February 2023 the exports of Ireland have increased by €15.9M (28.7%) from €55.5M to €71.4M, while imports decreased by €-16.7M (-20.9%) from €79.7M to €63M.

Trade In February 2023, the top exports of Ireland to Sweden were Office machines and automatic data processing... (€19.5M), Meat and meat preparations (€11.6M), Medicinal and pharmaceutical products (€9.33M), Metalliferous ores and metal scrap (€8.16M), and Manufactures of metal, n.e.s. (€3.48M). In February 2023 the top imports of Ireland from Sweden were Petroleum, petroleum products and related materials (€11.9M), Road vehicles (€9.68M), Paper, paperboard and articles of paper... (€5.39M), Medicinal and pharmaceutical products (€5.28M), and General industrial machinery and parts, n.e.s. (€4.98M).

Growth In February 2023, the increase in Ireland's year-by-year exports to Sweden was explained primarily by an increase in product exports in Office machines and automatic data processing... (€11.1M or 133%), Medicinal and pharmaceutical products (€1.8M or 23.8%), and Manufactures of metal, n.e.s. (€1.63M or 88%). In February 2023, the decrease in Ireland's year-by-year imports from Sweden was explained primarily by an decrease in product imports in Petroleum, petroleum products and related materials (€-6.28M or -34.6%), Sugar, sugar preparations and honey (€-2.08M or -100%), and Dairy products and birds eggs (€-1.53M or -99.9%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (February 2022 - February 2023): €15.9M, (28.7%)

IMPORT GROWTH (February 2022 - February 2023): €-16.7M, (-20.9%)

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Ireland exported $2.07B to Sweden. The main products exported from Ireland to Sweden were Broadcasting Equipment ($517M), Computers ($236M), and Video and Card Games ($156M). During the last 26 years the exports of Ireland to Sweden have increased at an annualized rate of 3.41%, from $867M in 1995 to $2.07B in 2021.

In 2021, Sweden exported $891M to Ireland. The main products exported from Sweden to Ireland were Vaccines, blood, antisera, toxins and cultures ($107M), Refined Petroleum ($90.4M), and Sawn Wood ($55.6M). During the last 26 years the exports of Sweden to Ireland have increased at an annualized rate of 2.34%, from $489M in 1995 to $891M in 2021.

Market Competitiveness

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Color

SectionYear

Ireland
Top Destination: United States, $59.8B

Sweden
Top Destination: Germany, $19.1B

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

In 2021, countries that imported more from Ireland than Sweden were United States ($59.8B), United Kingdom ($19.7B), and Belgium ($13.6B).

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

Comparative Advantage Ireland - Sweden

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Flow

Scale

Year

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

During 2021, Ireland had a large net trade with Sweden in the exports of Machines ($1.06B), Chemical Products ($356M), and Miscellaneous ($176M).

During 2021, Sweden had a large net trade with Ireland in the exports of Chemical Products ($193M), Machines ($166M), and Mineral Products ($93.8M).

Service Trade

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Bilateral Service Trade

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Swe YearIrl Year

In 2020, Ireland exported services to Sweden worth $1.35B, with Other business services ($798M), Insurance services ($259M), and Financial services ($207M) being the largest in terms of value.

In 2020, Sweden exported services to Ireland worth $1.73B, with Other business services ($719M), Computer and information services ($589M), and Personal, cultural, and recreational services ($117M) 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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Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Ireland - Sweden

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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