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2022
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Exports $6.56BRnk 21 / 221
2022
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Top Product $361MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $6.15BRnk 12 / 217
2022
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Top Product $495MNon-fillet Fresh Fish
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Italy-Sweden In 2022, Italy exported $6.56B to Sweden. The main products that Italy exported to Sweden are Motor vehicles; parts and accessories (8701 to 8705) ($361M), Packaged Medicaments ($327M), and Industrial Fatty Acids, Oils and Alcohols ($259M). During the last 27 years the exports of Italy to Sweden have increased at an annualized rate of 4.08%, from $2.23B in 1995 to $6.56B in 2022.

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 2022, Sweden exported $6.15B to Italy. The main products that Sweden exported to Italy were Non-fillet Fresh Fish ($495M), Refined Copper ($402M), and Packaged Medicaments ($345M). During the last 27 years the exports of Sweden to Italy have increased at an annualized rate of 2.91%, from $2.83B in 1995 to $6.15B in 2022.

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 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €390M and imported €376M from Sweden, resulting in a positive trade balance of €14.1M. Between December 2022 and December 2023 the exports of Italy have decreased by €-10.4M (-2.59%) from €400M to €390M, while imports decreased by €-92.4M (-19.7%) from €468M to €376M.

Trade In December 2023, the top exports of Italy to Sweden were Motor vehicles; parts and accessories (8701... (€25.1M), Packaged Medicaments (€20.5M), Wine (€15.9M), Electrical Transformers (€10.4M), and Washing and Bottling Machines (€10.2M). In December 2023 the top imports of Italy from Sweden were Non-fillet Fresh Fish (€38.3M), Packaged Medicaments (€38.2M), Tractors (€35M), Vaccines, blood, antisera, toxins and cultures (€29.7M), and Refined Copper (€28.7M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Packaged Medicaments (€-4.51M or -18.1%), Vaccines, blood, antisera, toxins and cultures (€-2.59M or -95.6%), and Other Measuring Instruments (€-2.31M or -60.9%). In December 2023, the decrease in Italy's year-by-year imports  from Sweden was explained primarily by an decrease in product imports  in Cars (€-17.3M or -70.9%), Sulfate Chemical Woodpulp (€-16.1M or -50.2%), and Refined Copper (€-11.8M or -29.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-10.4M(-2.59%)
IMPORT GROWTH (December 2022 - December 2023)€-92.4M(-19.7%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $6.56B to Sweden. The main products exported from Italy to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($361M), Packaged Medicaments ($327M), and Industrial Fatty Acids, Oils and Alcohols ($259M). During the last 27 years the exports of Italy to Sweden have increased at an annualized rate of 4.08%, from $2.23B in 1995 to $6.56B in 2022.

In 2022, Sweden exported $6.15B to Italy. The main products exported from Sweden to Italy were Non-fillet Fresh Fish ($495M), Refined Copper ($402M), and Packaged Medicaments ($345M). During the last 27 years the exports of Sweden to Italy have increased at an annualized rate of 2.91%, from $2.83B in 1995 to $6.15B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Sweden
Top DestinationGermany$19.2B

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 ($78.5B), France ($63.8B), and United States ($68.2B).

In 2021, countries that imported more from Sweden than Italy were Norway ($18.7B), Finland ($13.4B), and Denmark ($14.6B).

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

Comparative Advantage Italy - Sweden

Flow
Scale

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

During 2022, Italy had a large net trade with Sweden in the exports of Machines ($1.87B), Metals ($877M), and Chemical Products ($830M).

During 2022, Sweden had a large net trade with Italy in the exports of Machines ($1.43B), Metals ($1.37B), and Paper Goods ($825M).

Service Trade

Bilateral Service Trade

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.

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

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

Economic Complexity

Competitive Landscape

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.

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

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