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Pricing

2022
Flag → Flag
Exports $44.2MRnk 94 / 217
2022
Flag → Flag
Top Product $11.3MTractors
2022
Flag → Flag
Exports $19MRnk 49 / 141
2022
Flag → Flag
Top Product $16.2MRaw Aluminium
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Sweden-Azerbaijan Trade: In 2022, Sweden exported $44.2M to Azerbaijan. The main products that Sweden exported to Azerbaijan were Tractors ($11.3M), Broadcasting Equipment ($7.56M), and Cars ($2.64M). Over the past 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 6.61%, from $32.1M in 2017 to $44.2M in 2022.

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

Azerbaijan-Sweden Trade: In 2022, Azerbaijan exported $19M to Sweden. The main products that Azerbaijan exported to Sweden were Raw Aluminium ($16.2M), Packing Bags ($2.62M), and Plastic Pipes ($89.2k). Over the past 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 82.3%,  from $942k in 2017 to $19M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK18.6M and imported SEK461k from Azerbaijan, resulting in a positive trade balance of SEK18.1M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-107M (-85.2%) from SEK126M to SEK18.6M, while imports decreased by SEK-358k (-43.7%) from SEK819k to SEK461k.

Trade In August 2024, the top exports of Sweden to Azerbaijan were Ethylene Polymers (SEK3.39M), Telephones (SEK1.15M), Insulated Wire (SEK539k), Other Vegetable Oils (SEK491k), and Animal Fat (SEK466k). In August 2024 the top imports of Sweden from Azerbaijan were Packing Bags (SEK193k).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Azerbaijan was explained primarily by an decrease in product exports in Telephones (SEK-13.4M or -92.1%), Insulated Wire (SEK-1.27M or -70.2%), and Other Rubber Products (SEK-338k or -75.6%). In August 2024, the decrease in Sweden's year-by-year imports  from Azerbaijan was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-107M(-85.2%)
IMPORT GROWTH (August 2023 - August 2024)SEK-358k(-43.7%)

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

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

For full datasets download visit Bulk Download page.

Explore Azerbaijan and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $44.2M to Azerbaijan. The main products exported from Sweden to Azerbaijan were Tractors ($11.3M), Broadcasting Equipment ($7.56M), and Cars ($2.64M). During the last 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 6.61%, from $32.1M in 2017 to $44.2M in 2022.

In 2017, Azerbaijan exported $19M to Sweden. The main products exported from Azerbaijan to Sweden were Raw Aluminium ($16.2M), Packing Bags ($2.62M), and Plastic Pipes ($89.2k). During the last 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 82.3%, from $942k in 2022 to $19M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Sweden than Azerbaijan included Norway ($18.7B), Germany ($19.2B), and United States ($17.8B).

In 2022, countries that imported more from Azerbaijan than Sweden included Italy ($18.3B), Turkey ($3.57B), and Greece ($1.51B).

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

Comparative Advantage Sweden - Azerbaijan

Flow
Scale

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

During 2022, Sweden had a large net trade with Azerbaijan in the exports of Machines ($16.8M), Transportation ($14.9M), and Metals ($4.17M).

During 2017, Azerbaijan had a large net trade with Sweden in the exports of Metals ($16.2M), Textiles ($2.63M), and Plastics and Rubbers ($89.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Azerbaijan+$5.2MCars
Top Product Potential Azerbaijan Sweden+$264kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

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

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