Mexico (MEX) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Mexico-Sweden Trade: In 2022, Mexico exported $120M to Sweden. The main products that Mexico exported to Sweden were Orthopedic Appliances ($18.6M), Other Nickel Products ($15.8M), and Computers ($10.3M). Over the past 5 years the exports of Mexico to Sweden have increased at an annualized rate of 26.6%, from $36.8M in 2017 to $120M in 2022.

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

Sweden-Mexico Trade: In 2022, Sweden exported $807M to Mexico. The main products that Sweden exported to Mexico were Motor vehicle (8701 to 8705) chassis fitted with engine ($63.5M), Packaged Medicaments ($55.8M), and Flat Flat-Rolled Steel ($51M). Over the past 5 years the exports of Sweden to Mexico have increased at an annualized rate of 32.5%, from $197M in 2017 to $807M in 2022.

In 2020, Sweden exported services to Mexico worth $324M, with Personal, cultural, and recreational services ($128M), Computer and information services ($93.8M), and Royalties and license fees ($41.1M) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $120M to Sweden. The main products exported from Mexico to Sweden were Orthopedic Appliances ($18.6M), Other Nickel Products ($15.8M), and Computers ($10.3M). During the last 5 years the exports of Mexico to Sweden have increased at an annualized rate of 26.6%, from $36.8M in 2017 to $120M in 2022.

In 2017, Sweden exported $807M to Mexico. The main products exported from Sweden to Mexico were Motor vehicle (8701 to 8705) chassis fitted with engine ($63.5M), Packaged Medicaments ($55.8M), and Flat Flat-Rolled Steel ($51M). During the last 22 years the exports of Sweden to Mexico have increased at an annualized rate of 32.5%, from $197M in 1995 to $807M in 2017.

Exports from Mexico () to Sweden () (2022)

Exports from Sweden () to Mexico () (2022)

Latest Data

Trade between Mexico () and Sweden ()

Mexico Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Mexico than Sweden included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

Difference in imports from Sweden () and Mexico () (2022)

Comparative Advantage Mexico - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Sweden in the exports of Machines ($75.3M), Instruments ($36M), and Metals ($25.3M).

During 2017, Sweden had a large net trade with Mexico in the exports of Machines ($246M), Metals ($177M), and Transportation ($144M).

Service Trade

Bilateral Service Trade

Swe Year

In 2020, Sweden exported services to Mexico worth $324M, with Personal, cultural, and recreational services ($128M), Computer and information services ($93.8M), and Royalties and license fees ($41.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden () to Mexico () (2020)

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Sweden () (2022)

Exports from Sweden () to Mexico () (2022)

Latest Data

Trade between Mexico () and Sweden ()

Mexico Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Mexico () (2022)

Comparative Advantage Mexico - Sweden

Service Trade

Bilateral Service Trade

Services Exports from Sweden () to Mexico () (2020)

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Sweden () (2022)

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