Flag Italy / Sweden Flag

2021
FlagFlag
Exports
: $6.39B, Rnk 18 / 221

2021
FlagFlag
Top Product
: $424M, Motor vehicles; parts and accessories (8701 to 8705)

2021
FlagFlag
Exports
: $5.66B, Rnk 12 / 219

2021
FlagFlag
Top Product
: $392M, Refined Copper

2021
Flag
Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

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

2021
Flag  
GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
Flag
GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

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

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

2021
Flag
GDP PC 
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
Flag
GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

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

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

Italy-Sweden In 2021, Italy exported $6.39B to Sweden. The main products that Italy exported to Sweden are Motor vehicles; parts and accessories (8701 to 8705) ($424M), Packaged Medicaments ($255M), and Wine ($223M). During the last 26 years the exports of Italy to Sweden have increased at an annualized rate of 4.11%, from $2.24B in 1995 to $6.39B in 2021.

In 2020, Italy exported services to Sweden worth $1.1B, with Other business services ($720M), Communications services ($190M), and Travel ($122M) being the largest in terms of value.

Sweden-Italy In 2021, Sweden exported $5.66B to Italy. The main products that Sweden exported to Italy were Refined Copper ($392M), Non-fillet Fresh Fish ($374M), and Packaged Medicaments ($283M). During the last 26 years the exports of Sweden to Italy have increased at an annualized rate of 2.67%, from $2.85B in 1995 to $5.66B in 2021.

In 2020, Sweden exported services to Italy worth $876M, with Computer and information services ($214M), Other business services ($184M), and Personal, cultural, and recreational services ($153M) being the largest in terms of value.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, Italy exported $6.39B to Sweden. The main products exported from Italy to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($424M), Packaged Medicaments ($255M), and Wine ($223M). During the last 26 years the exports of Italy to Sweden have increased at an annualized rate of 4.11%, from $2.24B in 1995 to $6.39B in 2021.

In 2021, Sweden exported $5.66B to Italy. The main products exported from Sweden to Italy were Refined Copper ($392M), Non-fillet Fresh Fish ($374M), and Packaged Medicaments ($283M). During the last 26 years the exports of Sweden to Italy have increased at an annualized rate of 2.67%, from $2.85B in 1995 to $5.66B in 2021.

Sweden Exports

#permalink to section

Market Competitiveness

#permalink to section
Color

Italy
Top Destination
: Germany, $78.4B

Sweden
Top Destination
: Germany, $19.1B

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

In 2021, countries that imported more from Italy than Sweden were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

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

Comparative Advantage Italy - Sweden

#permalink to section
Flow
Scale

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

During 2021, Italy had a large net trade with Sweden in the exports of Machines ($1.88B), Metals ($773M), and Chemical Products ($706M).

During 2021, Sweden had a large net trade with Italy in the exports of Machines ($1.32B), Metals ($1.28B), and Paper Goods ($872M).

Bilateral Service Trade

#permalink to section

In 2020, Italy exported services to Sweden worth $1.1B, with Other business services ($720M), Communications services ($190M), and Travel ($122M) being the largest in terms of value.

In 2020, Sweden exported services to Italy worth $876M, with Computer and information services ($214M), Other business services ($184M), and Personal, cultural, and recreational services ($153M) 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 yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over Italy.