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Pricing

2023
Flag → Flag
Exports $60.9MRnk 84 / 216
2023
Flag → Flag
Top Product $13.2MTractors
2023
Flag → Flag
Exports $1.75MRnk 67 / 137
2023
Flag → Flag
Top Product $1.34MPacking Bags
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Sweden-Azerbaijan Trade: In 2023, Sweden exported $60.9M to Azerbaijan. The main products that Sweden exported to Azerbaijan were Tractors ($13.2M), Fishing Ships ($11.7M), and Cars ($4.58M). Over the past 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 14.3%, from $31.2M in 2018 to $60.9M in 2023.

In 2023, Sweden did not export any services to Azerbaijan.

Azerbaijan-Sweden Trade: In 2023, Azerbaijan exported $1.75M to Sweden. The main products that Azerbaijan exported to Sweden were Packing Bags ($1.34M), Stearic Acid ($174k), and Gas Turbines ($173k). Over the past 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 13.8%,  from $915k in 2018 to $1.75M in 2023.

In 2023, Azerbaijan did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK8.06M and imported SEK984k from Azerbaijan, resulting in a positive trade balance of SEK7.07M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-8.17M (-50.3%) from SEK16.2M to SEK8.06M, while imports decreased by SEK-1M (-50.4%) from SEK1.99M to SEK984k.

Trade In October 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 October 2024 the top imports of Sweden from Azerbaijan were Packing Bags (SEK193k).

Growth In October 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 October 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 (October 2023 - October 2024)SEK-8.17M(-50.3%)
IMPORT GROWTH (October 2023 - October 2024)SEK-1M(-50.4%)

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 2023, Sweden exported $60.9M to Azerbaijan. The main products exported from Sweden to Azerbaijan were Tractors ($13.2M), Fishing Ships ($11.7M), and Cars ($4.58M). During the last 5 years the exports of Sweden to Azerbaijan have increased at an annualized rate of 14.3%, from $31.2M in 2018 to $60.9M in 2023.

In 2018, Azerbaijan exported $1.75M to Sweden. The main products exported from Azerbaijan to Sweden were Packing Bags ($1.34M), Stearic Acid ($174k), and Gas Turbines ($173k). During the last 5 years the exports of Azerbaijan to Sweden have increased at an annualized rate of 13.8%, from $915k in 2023 to $1.75M in 2018.

Exports from Sweden (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Azerbaijan
Top DestinationItaly$11.4B

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 2023, countries that imported more from Sweden than Azerbaijan included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

In 2023, countries that imported more from Azerbaijan than Sweden included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan (Flag) and Sweden (Flag) (2023)

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 2023, Sweden had a large net trade with Azerbaijan in the exports of Transportation ($31.7M), Machines ($14M), and Metals ($5.56M).

During 2018, Azerbaijan had a large net trade with Sweden in the exports of Textiles ($1.35M), Machines ($200k), and Animal and Vegetable Bi-Products ($174k).

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) (2023)

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