Flag Russia / Sweden Flag

2020
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Exports
: $1.22B, Rnk 49 / 187

2020
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Top Product
: $410M, Refined Petroleum

2020
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Exports
: $2.01B, Rnk 15 / 216

2020
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Top Product
: $193M, Packaged Medicaments

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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Economic Complexity (ECI)
: ECI 1.59, Rnk 7 / 127

2020
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GDP
: $1.49T, CURRENT US$
Rnk 11 / 204

2010-2020
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GDP GROWTH
: -2.4%, CURRENT US$
Rnk 168 / 204

2020
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 GDP
: $541B, CURRENT US$
Rnk 22 / 204

2010-2020
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GDP GROWTH
: 9.21%, CURRENT US$
Rnk 143 / 204

2020
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GDP PC 
: $10,162, CURRENT US$
Rnk 78 / 204

2010-2020
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GDP PC GROWTH
: -4.81%, CURRENT US$
Rnk 157 / 204

2020
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GDP PC
: $52,300, CURRENT US$
Rnk 15 / 204

2010-2020
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GDP PC GROWTH
: -1.08%, CURRENT US$
Rnk 147 / 204

Russia-Sweden In 2020, Russia exported $1.22B to Sweden. The main products that Russia exported to Sweden are Refined Petroleum ($410M), Radioactive Chemicals ($195M), and Rubber Tires ($53M). During the last 25 years the exports of Russia to Sweden have increased at an annualized rate of 4.15%, from $442M in 1995 to $1.22B in 2020.

In 2020, Russia exported services to Sweden worth $277M, with Other business services ($134M), Transportation ($61.6M), and Computer and information services ($33.5M) being the largest in terms of value.

Sweden-Russia In 2020, Sweden exported $2.01B to Russia. The main products that Sweden exported to Russia were Packaged Medicaments ($193M), Broadcasting Equipment ($186M), and Motor vehicles; parts and accessories (8701 to 8705) ($108M). During the last 25 years the exports of Sweden to Russia have increased at an annualized rate of 4.75%, from $629M in 1995 to $2.01B in 2020.

In 2020, Sweden exported services to Russia worth $732M, with Other business services ($303M), Computer and information services ($179M), and Personal, cultural, and recreational services ($77.4M) being the largest in terms of value.

Comparison In 2020,  Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Russia exported $1.22B to Sweden. The main products exported from Russia to Sweden were Refined Petroleum ($410M), Radioactive Chemicals ($195M), and Rubber Tires ($53M). During the last 25 years the exports of Russia to Sweden have increased at an annualized rate of 4.15%, from $442M in 1995 to $1.22B in 2020.

In 2020, Sweden exported $2.01B to Russia. The main products exported from Sweden to Russia were Packaged Medicaments ($193M), Broadcasting Equipment ($186M), and Motor vehicles; parts and accessories (8701 to 8705) ($108M). During the last 25 years the exports of Sweden to Russia have increased at an annualized rate of 4.75%, from $629M in 1995 to $2.01B in 2020.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $49.3B

Sweden
Top Destination
: Germany, $15.9B

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

In 2019, countries that imported more from Russia than Sweden were China ($49.3B), United Kingdom ($25.3B), and Belarus ($15.8B).

In 2019, countries that imported more from Sweden than Russia were Norway ($14.2B), Denmark ($11.6B), and Finland ($9.44B).

Comparative Advantage Russia - Sweden

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Flow
Scale

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

During 2020, Russia had a large net trade with Sweden in the exports of Mineral Products ($558M), Chemical Products ($309M), and Metals ($99.8M).

During 2020, Sweden had a large net trade with Russia in the exports of Machines ($844M), Chemical Products ($337M), and Transportation ($308M).

Bilateral Service Trade

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In 2020, Russia exported services to Sweden worth $277M, with Other business services ($134M), Transportation ($61.6M), and Computer and information services ($33.5M) being the largest in terms of value.

In 2020, Sweden exported services to Russia worth $732M, with Other business services ($303M), Computer and information services ($179M), and Personal, cultural, and recreational services ($77.4M) 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 yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over Russia.