Flag Norway / Sweden Flag

Exports Flag → Flag  (2018): $9.8B, Rnk 4 / 199

Top Product Flag → Flag (2018): $2.43B, Crude Petroleum

Exports Flag → Flag (2018): $15.2B, Rnk 2 / 211

Top Product Flag → Flag (2018): $1.19B, Refined Petroleum

Economic Complexity of Flag (2018): ECI 0.85, Rnk 34 / 137

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

Norway-Sweden: In 2018, Norway exported $9.8B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($2.43B), Refined Petroleum ($708M), and Electricity ($487M). During the last 23 years the exports of Norway to Sweden have increased at an annualized rate of 3.48%, from $4.46B in 1995 to $9.8B in 2018. In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Sweden-Norway: In 2018, Sweden exported $15.2B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.19B), Cars ($703M), and Broadcasting Equipment ($569M). During the last 23 years the exports of Sweden to Norway have increased at an annualized rate of 4.87%, from $5.1B in 1995 to $15.2B in 2018. In 2016, Sweden exported services to Norway worth $10.1B, with Travel ($5.25B), Other business services ($1.56B), and Transportation ($1.49B) being the largest in terms of value.

Comparison: In 2018, Norway ranked 34 in the Economic Complexity Index (ECI 0.85), and 33 in total exports ($127B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Norway exported $9.8B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($2.43B), Refined Petroleum ($708M), and Electricity ($487M). During the last 23 years the exports of Norway to Sweden have increased at an annualized rate of 3.48%, from $4.46B in 1995 to $9.8B in 2018.

In 2018, Sweden exported $15.2B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.19B), Cars ($703M), and Broadcasting Equipment ($569M). During the last 23 years the exports of Sweden to Norway have increased at an annualized rate of 4.87%, from $5.1B in 1995 to $15.2B in 2018.

Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $25.8B

Sweden
Top Destination
: Germany, $17.4B

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

In 2018, countries that imported more from Norway than Sweden were United Kingdom ($25.8B), Netherlands ($12.4B), and Germany ($20.2B).

In 2018, countries that imported more from Sweden than Norway were Finland ($9.41B), Denmark ($11.2B), and China ($7.9B).

Comparative Advantage Norway - Sweden

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Depth

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

During 2018, Norway had a large net trade with Sweden in the exports of Mineral Products ($3.98B), Metals ($1.15B), and Animal Products ($932M).

During 2018, Sweden had a large net trade with Norway in the exports of Machines ($3.85B), Transportation ($1.74B), and Mineral Products ($1.72B).

Tariff Section

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This sections shows import tariffs for products traded between Norway and Sweden (using the HS6 product classification and the last year reported).

In 2018, the products from Norway that paid the highest import tariffs to enter Sweden were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

In 2017, the products from Sweden that paid the highest import tariffs to enter Norway were Sugar beet (178%) and Whey (173%).

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*The tariffs present between Norway and Sweden are:
136: Most Favoured Nation duty rate treatement
216: Preferential tariff for European Economic Area
218: Preferential tariff for European Union countries

Trade Forecasts

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This section shows a forecast for total trade between Norway 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.

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Bilateral Service Trade

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In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

In 2016, Sweden exported services to Norway worth $10.1B, with Travel ($5.25B), Other business services ($1.56B), and Transportation ($1.49B) 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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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 Norway has comparative advantage over Sweden. Similarly, the more red a dot/product is, the more Sweden has comparative advantage over Norway.