Flag Ireland / Sweden Flag

Exports FlagFlag  (2018): $1.49B, Rnk 15 / 201

Top Product FlagFlag (2018): $295M, Broadcasting Equipment

Exports FlagFlag (2018): $753M, Rnk 34 / 211

Top Product FlagFlag (2018): $131M, Refined Petroleum

Economic Complexity of Flag (2018): ECI 1.35, Rnk 17 / 137

Economic Complexity of Flag (2018): ECI 1.66, Rnk 7 / 137

GDP Flag (2018): $382B, CURRENT US$
Rnk 30 / 196

GDP GROWTH Flag (2008-2018): 39.1%, CURRENT US$
Rnk 101 / 196

GDP Flag (2018): $556B, CURRENT US$
Rnk 22 / 196

GDP GROWTH Flag (2008-2018): 7.89%, CURRENT US$
Rnk 149 / 196

GDP PC Flag (2018): $78,806, CURRENT US$
Rnk 6 / 196

GDP PC GROWTH Flag (2008-2018): 28.6%, CURRENT US$
Rnk 85 / 196

GDP PC Flag (2018): $54,608, CURRENT US$
Rnk 13 / 196

GDP PC GROWTH Flag (2008-2018): -2.32%, CURRENT US$
Rnk 155 / 196

Ireland-Sweden: In 2018, Ireland exported $1.49B to Sweden. The main products exported from Ireland to Sweden were Broadcasting Equipment ($295M), Computers ($135M), and Office Machine Parts ($96.7M). During the last 23 years the exports of Ireland to Sweden have increased at an annualized rate of 2.25%, from $894M in 1995 to $1.49B in 2018. In 2009, Ireland exported services to Sweden worth $3.62B, with Services not allocated ($1.81B), Computer and information services ($1.01B), and Other business services ($444M) being the largest in terms of value.

Sweden-Ireland: In 2018, Sweden exported $753M to Ireland. The main products exported from Sweden to Ireland were Refined Petroleum ($131M), Blood, antisera, vaccines, toxins and cultures ($34.1M), and Uncoated Kraft Paper ($29.4M). During the last 23 years the exports of Sweden to Ireland have increased at an annualized rate of 2.48%, from $429M in 1995 to $753M in 2018. In 2016, Sweden exported services to Ireland worth $1.5B, with Other business services ($670M), Computer and information services ($368M), and Royalties and license fees ($158M) being the largest in terms of value.

Comparison: In 2018, Ireland ranked 17 in the Economic Complexity Index (ECI 1.35), and 31 in total exports ($175B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). In terms of GDP Per Capita, Ireland was ranked 6 with a GDP Per Capita of $78,806, and Sweden was ranked 13 with a GDP Per Capita of $54,608.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Ireland exported $1.49B to Sweden. The main products exported from Ireland to Sweden were Broadcasting Equipment ($295M), Computers ($135M), and Office Machine Parts ($96.7M). During the last 23 years the exports of Ireland to Sweden have increased at an annualized rate of 2.25%, from $894M in 1995 to $1.49B in 2018.

In 2018, Sweden exported $753M to Ireland. The main products exported from Sweden to Ireland were Refined Petroleum ($131M), Blood, antisera, vaccines, toxins and cultures ($34.1M), and Uncoated Kraft Paper ($29.4M). During the last 23 years the exports of Sweden to Ireland have increased at an annualized rate of 2.48%, from $429M in 1995 to $753M in 2018.

Market Competitiveness

#permalink to section
Measure

Ireland
Top Destination
: United States, $49.3B

Sweden
Top Destination
: Germany, $17.4B

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 2018, countries that imported more from Ireland than Sweden were United States ($49.3B), Belgium-Luxembourg ($17B), and United Kingdom ($18.5B).

In 2018, countries that imported more from Sweden than Ireland were Norway ($15.2B), Denmark ($11.2B), and Finland ($9.41B).

Comparative Advantage Ireland - Sweden

#permalink to section
Depth

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

During 2018, Ireland had a large net trade with Sweden in the exports of Machines ($730M), Chemical Products ($355M), and Animal Products ($140M).

During 2018, Sweden had a large net trade with Ireland in the exports of Machines ($201M), Mineral Products ($134M), and Chemical Products ($97.2M).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Ireland and Sweden. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2009, Ireland exported services to Sweden worth $3.62B, with Services not allocated ($1.81B), Computer and information services ($1.01B), and Other business services ($444M) being the largest in terms of value.

In 2016, Sweden exported services to Ireland worth $1.5B, with Other business services ($670M), Computer and information services ($368M), and Royalties and license fees ($158M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Sweden. Similarly, the more red a dot/product is, the more Sweden has comparative advantage over Ireland.