Russia (RUS) and Sweden (SWE) Trade | OEC - The Observatory of Economic Complexity

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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).

Latest Trends

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January, 2022

About

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Overview In January 2022, Russia exported $33.3M and imported $178M from Sweden, resulting in a negative trade balance of $145M. Between January 2021 and January 2022 the exports of Russia have increased by $1.18M (3.69%) from $32.1M to $33.3M, while imports increased by $46.8M (35.6%) from $132M to $178M.

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($4.98M), KALININGRAD REGION ($3.98M), PERM TERRITORY ($2.43M), SVERDLOVSK REGION ($2.38M), and VOLOGDA REGION ($2.02M), while imports destinations were mainly MOSCOW REGION ($55.9M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($51.9M), ST. PETERSBURG ($18.3M), KALUGA REGION ($17.5M), and VORONEZH REGION ($4.87M).

Growth In January 2022, the increase in Russia's year-by-year exports to Sweden was explained primarily by an increase in product exports in . In January 2022, the increase in Russia's year-by-year imports from Sweden was explained primarily by an increase in product imports in .

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2021 - January 2022): $1.18M, (3.69%)

IMPORT GROWTH (January 2021 - January 2022): $46.8M, (35.6%)

MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $4.98M

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

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

SectionYear

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

Year

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).

Service Trade

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Bilateral Service Trade

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Swe YearRus Year

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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Year

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.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Russia - Sweden

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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